Elkedra Share Discussion Threads

[buffin] 28/10/2005 07:45

Of course it depends how realistic their dcf valuation was. Agree, just have to wait now.

[kenmitch] 27/10/2005 16:11

New broker note on the Elkedra website. Hartleys says BUY. Acess it via Elkedra press centre.They suggest that the shares should rise ahead of production starting in January.

Guess there will be a few more weeks with the shares and warrants doing little.

50% gain from here for the warrants by the end of January if all goes to plan now? Maybe 20% for the shares with more to come next year?

[kenmitch] 24/10/2005 21:11

Quarterly report with photographs, maps etc now on the Elkedra website.

Seems very positive, except that production is not now scheduled to start until the end of January 2006, meaning a one month delay.

Was hoping for a boost to the share and warrant prices this year ahead of December start up.

That may still happen of course as long as that January start date doesn't slip further.

Could prove an excellent share to be in next year, and the warrants, still trading at about a zero premium are even more attractive - but still difficult to trade in decent numbers. Is that always going to be the case?

[rambutan2] 03/10/2005 16:53

just taking a little of their "free" money off the table when opp is available. likes of rab have to keep things rolling in their funds.

in any case, that's my thinking at the mo.

[kenmitch] 03/10/2005 16:20

More large trades. Look like sells. Seems strange selling at this price. Any explanations?

[kenmitch] 03/10/2005 14:13

Probably because sort of tipped in a bullish feature in Warrants Alert Professional. They pointed out the obvious technical cheapness (even cheaper when the shares went up over the month and the warrants fell) and the wisdom of getting in ahead of EDN announcing their first diamonds from the project when the shares might come to life. That should be the end of December shouldn't it? The fun for the warrants could start ahead of that, so sensible for fans to get in now even with a fair chance of the warrants - and shares - doing nothing for a few more weeks.

Bought a few more this morning - the shares only need to go up 7p or so and the warrants should double. The rise today has got rid of the discount, but it's amazing to see a share like this with warrants still trading at a zero premium.

[rambutan2] 03/10/2005 12:10

flurry of action on ednw and rise in price t 6-7p.

[hectorp] 30/9/2005 18:30

too sleep, WAKEN UP GUYS - buy now for the future. No advice intended. (not).

[rambutan2] 22/9/2005 11:47

closed at 17.5-19p in oz following 12% rise.

[rambutan2] 22/9/2005 11:37

finals out.
nice and upbeat.
still on course for december start-up.

noted this...
The original kimberlitic sources to the diamonds are still unknown. The closest
known kimberlite provinces are Paranatinga, 240 km to the north-east and
Poxoreu, 200 km to the south-east.

Interestingly, the diamonds at Chapada are considered to show form and size
distribution that suggests that they have not travelled a great distance from
their source. Follow-up work is planned to target the source of the alluvial
diamonds.

and nice to be reminded that...
The diamonds recovered during bulk sampling were of a high gemstone quality and an independent assessment of the sales data by Independent Diamond Valuers Pty Ltd suggest an average selling price of above US$400 per carat. Since this
independent assessment, De Beers' marketing arm, the Diamond Trading Company,
has been reported to have increased prices by more than 15%, and also reported
that further price increases should be expected in the coming years due to the
growing demand for gem quality diamonds.

[buffin] 07/9/2005 15:07

But wasn't there a royalty element in the old deal which isn't in the new one?

[hectorp] 06/9/2005 08:33

ram, I note a load of 'non-listed warrants' have been issued as part of the linq deal. This will surely dilute returns to other shareholders , yet as they are unlisted, dont impinge on the market cap as seen on ADVFN. I think an element of dilution should be 'read in' to the share price of around 6%. Therefore the share price should be around 1p less than at present. However in the light of the probable returns from the Brazillian project, its not vry important.
- other than that, the deal looks very useful in the light of escallating materiels cost and rising Real/A$ which I think the extra $2M loan oveer the 'old' one will usefully address until revenue flows.
I suspect the latter will be fairly limited as A$ is also a commodity currency.
Regards
H.

[rambutan2] 04/9/2005 02:13

for details of now cancelled rmb loan facility (as referred to in latest rns), see the prospectus (page 121) of 17/12/04...

[rambutan2] 04/9/2005 00:41

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.

[buffin] 02/9/2005 21:49

I'm a new arrival here, thanks to kenmitch. Quite a bit in today's update -

I can't find any trades reported today for the share but it was marked up, while the warrants (where I am) actually dipped. I was told (before the T trade appeared) that there was a seller @ 6, which should be a pretty easy price to get as it actually puts the warrants at a discount! Does make you wonder if we have a forced seller.

[rambutan2] 24/8/2005 17:28

gone dead again.

but keeping up interest in oz.

[kenmitch] 18/8/2005 11:59

Agreed rambutan2. Have only discovered this excellent ADVFN thread today. Wish I had found it sooner as I might never have sold my original warrant holding. Your posts are superb - hope you will keep them coming.

What was the reason for the "stonking day" yesterday, and the day before? Belated reaction to recent very positive news or mostly speculative froth? I'm hoping/expecting it will be the former and that there is a lot more to come.

[rambutan2] 18/8/2005 01:06

a stonking day.

surely deserved a post or two!

[rambutan2] 16/8/2005 16:50

some big trades on the wrrs today and closed at 4-4.75p.

[rambutan2] 16/8/2005 10:36

closed up 19% in oz c43-45 ie 18.25-19p.

[rambutan2] 16/8/2005 10:30

jill gets her answer...

16 August 2005

Ms Jill Hewitt By Fax: [phone]
Australian Stock Exchange Ltd
Exchange Plaza
2 The Esplanade
PERTH WA 6000

Dear Jill,

RE: PRICE AND VOLUME QUERY

Further to your price and volume query of today, we advise the following:

1. The Company is not aware of any information that has not been
announced which could explain the recent trading in the Company's securities.

2. The Company has no other explanation for the price or volume
changes in the securities of the Company, other than the continuing development
of plant and infrastructure at the Chapada Alluvial Diamond Mining project in
Brazil as outlined in the June 2005 quarterly report.

3. The Company confirms that it is in compliance with the listing
rules and in particular listing rule 3.1.

[rambutan2] 15/8/2005 16:23

correct, oz price = 17p

makes the wrrs an even better buy!

[rambutan2] 15/8/2005 11:53

someone's spotted an anomaly!

[rambutan2] 29/7/2005 09:56

v comprehensive quarterly update. all still on target although strength of real having some inpact on budget...