||EPS - Basic
||Market Cap (m)
Real-Time news about Pangea Diamond (London Stock Exchange): 0 recent articles
|miyk: its 6 p a share mate, work out 54 kroner against each pdf share, so if you hold 20,000 shares you x it by 0.236 equals 4720 then x by 54 kroner which is 6p at the moment?|
|miyk: Mofan, I believe ige shares trade at 6p a share at current value in Norwegian kroner on oslo stock exchange. to re cap they are worth 6p a share ? based on your current pdf holdings so for every 1 pdf share you are entitled 0.236 as stated.
we have a timescale of 26th of may to make a decsion...either transfer your holdings to another broker or do nothing and your shares will be sold in bulk but what is the price given to us foe aech share. if it exceeds 6p it would be worth hanging on and not transfering shares to another broker?
your thoughts please?|
|miyk: Anyone know whats on offer for each pdf share?|
|miyk: WITH A MERGER THE SHARE PRICE CAN ONLY GET BETTER....?|
|wattzy: That's the equivalent price mentioned in the rns released today, seems like a good deal. An 81% increase on current share price was mentioned.|
|n0rbie: I only need a share price rise of 140% to break even on this. Sweet.|
|netstar2: Yesterday's rns is very clear, 2.5million new shares issued to purchase the equipment plus cash payment of 200k, total is 265k, so the 2.5million share worth 65k, now you can work out the figures easily, instead of paying NMR $600k just paid $265k, it's very good news and all the heavy earth digging equipments are now in place for commercial production. I am just puzzled of the market negative reaction to such good news to the share price.
It works out at 1.63 pence per share, 2.5milliom*0.65million. A very good dealmconsidering the market condition. just hope recovery on track and diamond price up, and also anyone knowledgeable enough to update us the weather season in Africa especially Angola at this time of the year, I suppose it's not raining season again as one just past.|
|yawn1971: RNS out. Positive move by management to help push production at Cassanguidi to full tilt.
RNS Number : 4909A
Pangea DiamondFields PLC
08 October 2009
Pangea DiamondFields plc
("PDF" or "the Company")
Update on Purchase of Equipment at Cassanguidi
Pangea Diamondfields plc (AIM: PDF), the mid-tier diamond producer and exploration company provides the following update on its previously announced transaction to purchase mining and processing equipment for use at its Cassanguidi project in Angola from New Millennium Resources ("NMR"). The Company's portfolio consists of seven projects located in the Central African Republic ("CAR"), Democratic Republic of the Congo ("DRC"),
Angola and South Africa.
On 10 August 2009, PDF reported that it had concluded a transaction to acquire certain mining equipment and processing assets from NMR, for use at its Cassanguidi project in Angola, for total cash and share consideration of $600,000. As reported in the interim financial statements on 29 September 2009, the essential equipment has now been relocated to Cassanguidi and is already in use, whilst the purchase and relocation of equipment now considered unnecessary, has been terminated.
PDF has successfully concluded a renegotiated agreement with NMR reflecting only the value of equipment purchased. Under this agreement, PDF has paid the sum of US$200,000 to NMR and has issued 2,500,000 new PDF ordinary shares ('Shares') to NMR as full and final settlement of consideration for the purchase. This cash and shares payment represents total consideration of approximately US$265,000 (at current prevailing exchange rates and share price). This is significantly less than the estimated cost of the equipment if it was purchased in South Africa and also delivers efficiencies in terms of lower transportation costs.
Application for the admission of 2,500,000 Shares to trading on the AIM Market of the London Stock Exchange ('Admission') has been made and Admission is expected to occur at 8.00 a.m. on 9 October 2009. Following Admission the Company will have 1,783,826,082 Shares in issue.
Commenting on this development, Chief Executive Brett Thompson stated, "The key challenges at Cassanguidi were specifically the earthmoving fleet. The specific equipment finally acquired from NMR has resolved this issue without expending additional capital on the purchase of unnecessary assets. This acquisition will underpin continued progress at Cassanguidi as well as demonstrating once again, the ability of PDF to identify and unlock value opportunities in the regions in which it operates."
Pangea DiamondFields plc
Ambrian Partners Limited
Walbrook PR Ltd
Richard Brown / Richard Greenfield
Louise Goodeve / Leah Kramer
T: +27 11 438 4100
T: +44 (0) 20 7634 4700
T: +44 (0) 20 7933 8780|
|jkg2cac: The half year report wasn't exactly pleasant reading, a few potentially positive points but today's share price seems to reflect the general consensus of the report!|
|smilewithme: "Privately-held Lesotho Diamond Corporation said
LDC can say whatever they want - "expects" is meaningless.
I expect that my stake in PDF will 10,000 bag for me!
Pangea are still progressing their way towards takeover, as they were invited to do so earlier by disatisfied LDC Shareholders.
But the beauty here is the stability of the PDF share price. It did not rise on news of this bid and is well underpinned by existing assets. (And it should not fall if it does not succeed)
So, if we get LDC, great. If we dont, then theres a potentially massive resource at Dimbi.|
Pangea Diamond share price data is direct from the London Stock Exchange