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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Elkedra | EDN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 14.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 14.25 | 14.25 |
| Top Posts |
|---|
Posted at 26/1/2007 12:16 by rambutan2 some welcome publicity... |
Posted at 25/10/2006 07:44 by tartan_penguin2 Diamonds: An Investor's Best Friend?By Jackie Steinitz 11 Apr 2006 at 08:40 AM EDT LONDON (ResouceInvestor.com Leaders of the pack include African Diamonds [AIM:AFD], up 161% following promising results from the AK6 discovery in Botswana in its joint venture with De Beers, and Blina Diamonds [ASX:BDI], which has reported high alluvial grades from its exploration projects in the West Kimberley Field in Australia. Dianor [TSXv:DOR] jumped 300% in the two months to February following an exploration report from its Leadbetter project in Ontario and a buy recommendation by Westwind Partners. The primary driver of the rising share prices is that a fundamental shift in the supply-demand balance for diamonds is imminent. After 25 years of supply surplus the diamond industry is on the cusp of moving into an era of supply deficit, in which pricing power will shift to the miners and explorers. Demand On the demand side, growth has been accelerating. The sales performance through much of the 1990s was disappointing; between 1992 and 1998 diamond jewellery sales grew by just 1% per annum. However a new chapter in demand growth began in 1999/2000 when industry giant De Beers undertook a major strategic review of the business that identified the "opportunity gap" the chasm between the sluggish sales growth of diamond jewellery (where marketing investment by the industry represented just 1%-2% of sales) and the booming sales growth of luxury goods (where the marketing to sales ratio was 10%). De Beers therefore embarked on a new strategy to transform the marketing landscape, to increase marketing investment and branding throughout the industry and to convert the industry from one that was demand-driven rather than supply-led. Growth was kick-started by the millennium opportunity. The buoyant global economy and a campaign which featured captions such as "What are you waiting for? The year 3000?", and "Every Thousand Years or so it's nice to get her something really special for her birthday", spurred demand growth to 11% in 1999 and 8% in 2000. Since then new concepts such as three-stone jewellery to celebrate a couple's "past, present, future" have proved the most successful product since the diamond engagement ring; sales in the U.S. rose from $500 million to $3 billion in just four years. The latest U.S. campaign, "I forever do" aims to tap into the 150,000 wedding anniversaries celebrated there every day of the year. The strategy has also been able to ride the wave of economic growth and expansion of the middle classes in India and China. India is now the third largest market for diamond jewellery in the world; sales have more than trebled in the last 10 years. In China sales have increased six-fold since 1990 and in Shanghai now around 85% of brides receive a diamond wedding ring, up from 3% 15 years ago. Worldwide demand growth has averaged 6% per annum since 1998 and De Beers are anticipating a figure of 7% this year. There is significant potential for future growth especially in China, India and the Middle East. Consider, for example, that even in Shanghai, the most mature of the Chinese markets: fewer than one in five women own diamond jewellery compared with four in five in the U.S. Supply On the supply side growth in production, like demand, has also been accelerating since the millennium after a relatively flat period in the 1990s. Growth since 2000 has averaged 5%-6% per annum in volume. However and this is the nub - for the last 10 years, new production has not been sufficient to meet demand. Demand has been met only by massive destocking by the producers, firstly by the Russians, and latterly by De Beers who have destocked from a peak of almost $5 billion in 1998 to working levels today. De Beers have also achieved further one-off gains by shortening the pipeline which has reduced the amount of time taken to get from mine to consumer and thus reduced the level of working stock. The diamond majors (De Beers, Rio Tinto [TSX:RTP; LSE:RIO], BHP [NYSE:BHP; LSE:BLT] and the Russian company Alrosa) have already invested extensively to optimise production and diamond recovery at all mines. This, together with two new Canadian mines explains the acceleration in production growth since the millennium. But now most of the possible gains have been achieved. Rio last year agreed to invest $910 million to take its Argyle mine underground from 2008 to 2018 even though production underground is expected to average just 60% of the previous open-pit average of 34 million carats per year. Meanwhile diamond exploration has been booming; global spending last year exceeded $620 million, the highest level recorded in the 17 years it has been measured by the Metals Economics Group, with more than 500 projects on five continents. But it takes 8-10 years from discovery to bring a mine on stream. While there are a few new medium-size mines on the horizon such as De Beers' Snap Lake project in Canada, which will come on stream in 2008 and Victor mine in 2009, they will only just compensate for declines anticipated in some of the current mines. The bottom line, according to forecasts produced by WWW International Diamond Consultants, is that production, which totalled 158 million carats in 2005 will stay in the range of 155-165 million carats for the next nine years. For the moment the diamond pipeline is still digesting the final vestiges of surplus stock in the diamond cutting centres. But the combination of encouraging demand prospects, tight supply and rising prices means that the medium and long-term future should be bright; for the miners, for explorers who find diamonds and for the investors who finance the exploration and production. |
Posted at 07/8/2006 10:57 by kenmitch Good posts again ram2. Wish I had never sold any warrants - bought some back. Surprised to read the Investors Chronicle tip - the article wasn't that bullish except on Chapada. Can never understand why magazines like I/C wait until the share price has already rocketed before featuring companies like EDN. Been plenty on this bb since the shares were much lower and the warrants have already quadrupled or more. btw - great to see the Eurovestech share price performing very well recently. |
Posted at 20/4/2006 12:59 by kenmitch Yes. Pleased to see the shares rise, and that I bought a few more warrants a couple of days ago at 7.5p.BUT the discount is very disappointing. Selling price of 27.50 for the shares and only 12p now for the warrant. Hope over exhuberant OZ investors push the shares a bit higher for us, and that the warrants play catch up. More likely though that the discount will continue? |
Posted at 23/1/2006 15:53 by kenmitch News today - as I suspected - of a another delay. Start date now put back to the end of March. Key negatives. Structural steel fabrication contractor let them down. They have now got a replacement. But that has caused a 4 - 5 week delay. Other delays have pushed production into the rainy season. Project development costs are currently within budget BUT appreciation of the Brazilian REAL has caused some erosion of project contingency provisions. This has been addressed by a placement in London (with those sophisticated investors!!!) last December. Elkedra will continue to monitor the cash position to ensure an efficient start up of operations. I've highlighted the negatives. Lots of positives too - 95% complete - so not far to go. Can't see the shares and warrants doing much if anything until March. Hope the Brazilian REAL depreciates. Any views anyone? |
Posted at 13/12/2005 17:29 by kenmitch Why have EDN raised the money here rather than Australia? i.e for "sophisticated investors" read "mugs?" Also no mention that the mine is still on schedule. They could easily have reassured about the starting date at the end of the third paragraph. Or am I wrong on both counts? |
Posted at 13/12/2005 10:17 by unionhall "sophisticated investors" - is this a new species ? |
Posted at 13/12/2005 10:13 by rambutan2 RE: AIM PLACEMENTElkedra Diamonds NL (ASX/AIM: EDN) has pleasure in announcing that it will place 3,117,059 shares at 17 British pence (A$0.40) to sophisticated investors in the UK raising a gross amount of 529,900 British pounds (A$1,246,823). The placement was managed by the company's London AIM Broker, Westhouse Securities. The new shares will rank equally with existing shares on issue and application will be made for the new shares to be quoted on the AIM market of the London Stock Exchange and the ASX. Admission of the new shares to AIM is expected on 16 December 2005. The net proceeds of the issue will be applied to bringing forward exploration activities in Brazil and to supplement the Company's working capital requirements associated with the development of Elkedra's 100% owned Chapada diamond project in Brazil. It is expected the Appendix 3B will be lodged on Friday 16 December being the date the new shares are scheduled to be allotted. For and on behalf of the Board. |
Posted at 04/9/2005 00:41 by rambutan2 yes, looks good news to me - another quality investor joins the shareholder list...LinQ Resources Fund IPO expected to close 26th November 2004 LinQ Resources Fund invests in smaller to medium sized resource companies in Australia and overseas, with market capitalisations generally below $200 million which have the potential for superior returns through capital appreciation and income distributions from dividends and convertible note interest coupons. The internal rate of return of the Fund from inception to 1 October 2004 (net of fees and adjusted for the new fee structure that will apply following Listing) was 47.9%1. This compares to an internal rate of return for the S&P/ASX Small Resources Accumulation Index of 26% over the same period, although past performance is not necessarily a guide to future performance. |
Posted at 11/1/2005 11:41 by unionhall Thanks, rambutan2 - I only deal with Comdirect for simplicity.From my very brief knowledge of investing I believe few retail investors know/buy warrants and therefore for the first period after they are admitted they can be very cheaply priced. However they are usually hard to buy in quantity because they have been given free to the recipients initially who then hold them as freebies. They are a gamble - but if you are buying these shares with an expectation of a 50% rise (to 19p say) then the warrants will be worth 7p plus a little premium -250% increase. If shares double then warrants 6-bag. Interesting for a pure gamble. I haven't looked at the ord's as I have not studied the share - just a prelim glance at the RNS. Seems 12 months to production so judging on others it is likely to go up and down on news in the meantime though for the moment there is no interest as evidenced by this thread and it is still not traded in OZ so my guess is - no rush. |
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