Xceldiam Share Discussion Threads

[mdchand] 13/10/2006 14:23

in their june 30th figures, they had approx £8m sterling cash, but are burning approx $600k a month. Current share price values the company at asset value only (ie plant / machinery and cash) and attributes nil value to the underlying diamond concession. Worth a punt if u think there are commercial quantities of diamonds in its concessions.

[latifs100] 13/10/2006 14:12

This share price weakness (opportunity?) suddenly makes Xceldiam an interesting company to look at............ more interesting today down 9p??

any cash left?

[sitiain] 12/10/2006 11:42

interesting to look at a petra diamonds presentation yesterday , which is avaliable on their web page.
they again mention their option with Xceldiam whos licence is an extention of petra,s Alto Cuilo ,which is the one BHP are spending millions on.
the option is to buy just 10 percent for 14 million pounds and we are sitting on a market cap of 17 million.
am i missing something here, seems to worth a punt if you like the pretra story. that stock is looking very strong and am i surprised we are not picking up some of the money going there.
thoughts please?

[cimbom] 21/9/2006 12:42

Interesting article

www.proactiveinvestors.co.uk

Xceldiam: Methodical diamond exploration in Angola continues apace.
By Ian Mclelland.

Since listing the share price of Xceldiam has been steady going - just like the company's progress in Angola in the hunt for economic alluvial and hard rock diamond sources. Despite the sound progress, the shares have weakened considerably as one of the founders, N Fernandes, was forced to resign as a director and dispose of shares for personal reasons. (We hear for very genuine personal reasons)

This share price weakness (opportunity?) suddenly makes Xceldiam an interesting company to look at.

[cortez] 19/9/2006 21:59

Looks a cheap gamble, may take a few.

[milner2] 19/9/2006 19:59

Interesting what Petra had to say regards their
$20million fundraising.

Adonis Pouroulis, Petra's Chairman, comments: 'This convertible bond financing
gives Petra the ability to actively consider revenue and production growth
opportunities that have the potential to fast-track Petra's development and
further entrench the Company as a true mid-tier diamond producer. The financing
will also serve to underpin our treasury should we decide to expand our
exploration interests and exercise our warrants as part of the Xceldiam
cooperation agreement. We are confident that the growing relationship with Al
Rajhi will only assist in Petra achieving its long term objectives.'

[din007] 15/9/2006 13:47

Xceldiam H1 loss 1.5 mln usd


LONDON (AFX) - AIM-quoted diamond exploration company Xceldiam Ltd said it
made a first-half loss of 1.5 mln usd which included 1.98 mln usd of expenditure
related to exploration and development operations on the Luangue concession and
a profit on foreign exchange translation of 800,000 usd.
In terms of production in the six-month period to the end of June, it
reported achieving favourable shallow intersections at its Kimberlite core
drilling with 7 of the 20 high priority targets already drilled and bulk
sampling of alluvial deposits underway with a production decision to be made in
Q1 2007.

[din007] 14/9/2006 15:49

Why the massive slide in Share Price?

[din007] 30/8/2006 09:04

WH Ireland Diamond Update


XLD is on page 8

[mdchand] 22/8/2006 14:11

Xceldiam ready to spread its wings

Allan Seccombe

Posted: Mon, 21 Aug 2006

[miningmx.com] -- XCELDIAM is ready to start looking for other concessions or projects in Angola as its exploration projects on kimberlite and alluvial projects bed down satisfactorily, CEO Tim George said on Monday.

Xceldiam has two shallow alluvial deposits it is exploring. It should know within the next six months whether these deposits could be viably exploited. It also exploring 20 kimberlite prospects, George told Miningmx.

Xceldiam holds 40% and 39% interests in the alluvial and kimberlite deposits respectively in a 3,000 square kilometre concession known as the Luangue project. State-owned diamond company Endiama holds the majority stake, with a group of private Angolan investors holding the remainder.

Xceldiam is providing all the funding for exploration and is doing all the work, George said, raising the possibility of an increased stakes if and when a new mining company is formed to exploit them.
we are comfortable that things are on track"We've always maintained that we will focus on Luangue until the exploration programme is properly bedded in and it is reasonably bedded in now. We do look at other projects, but they have to complement the existing project," George said.

"We've been Angola focussed to date, getting this project properly bedded down, staffed up and moving forward so that we are not diluting our management time across too many projects.

"Now we are comfortable that things are on track there is scope for looking at one or two more, bearing in mind we are committed to funding the Angolan commitments as we said we would do."

He did not rule out other projects in sub-Saharan Africa, saying interest in those would depend very much on how prospective they were if they were in exploration phase or what the practicalities would be if it was a near-mine project.

If any of the 20 kimberlite deposits Xceldiam is exploring turns out to be of significant size then the company might look for a joint venture arrangement with a major company such as BHP Billiton or De Beers to exploit it because of the tremendous cost of bringing a large kimberlite into production, he said.

Xceldiam has a cooperation agreement with Petra Diamonds, which is working on the Alto Cuilo deposit neighbouring the southern border of the AIM-listed company's concession in northeastern Angola. Petra has BHP Billiton as a partner.

Mining costs in Angola are substantially higher than elsewhere in sub-Saharan Africa because of the difficult logistics and high set up costs, which means the deposit has to be very lucrative to make them viable, George said.

"The foreign partner bears the cost in Angola. It is highly unusual to be in a situation where you are forced to be the funder and the operator and still hold a minority stake," he said of the way exploration and mining is conducted in the south west African country.

There is the potential of negotiating a higher stake in the operating company but not a controlling stake because Endiama makes it a rule to retain a majority stake in mining companies operating in Angola.

"There will be cash calls for capital commitments and start up costs (when setting up an operational company), so at that point in time the partners will have to decide how they will fund it. Perhaps there is an opportunity there," George said. Endiama would have to decide what projects to invest in and focus on its priorities.

The partnership in Angola has sufficient expertise to bring the alluvial deposits into deposit if they prove to be viable. Work has been conducted on the alluvial deposits since April last year and the understanding of them is far more advanced than that of the kimberlites, where work started in April this year.

There are a 70 tonnes per hour sampling plant and 20 tonnes per hour dense media separation plant on sight. There is also a small prospecting plant.
Free news alerts: click here to subscribe"Those are processing alluvial gravels. It will take us about six months to evaluate those deposits and by the end of this year we should have a good idea of whether they are exciting. Indications so far are that we are in the right place," George said.

Xceldiam will decide then whether traditional mining techniques are viable or perhaps alternative mining methods to extract gravels from thicker overburdens than shifting it through mechanical means alone, he said.

Further alluvial deposits are being sought in the vicinity, he said.

There are sufficient funds for the next year of planned exploration, he said.

About half of the costs so far have gone towards putting in infrastructure like roads and bridges across one of the many rivers flowing through the concession. Diesel, food, spares and material is brought in by road in a five-day trip from Luanda, 700 km to the west.

De Beers recently returned to Angola after pulling out in May 2001 after a dispute with the government. The presence of De Beers and BHP Billiton has increased confidence in smaller exploration companies operating there, George said.

[din007] 25/7/2006 11:11

Annual General Meeting is due 30 August 2006

[din007] 25/7/2006 08:38

Kimberlite Exploration Update
RNS Number:6501G
Xceldiam Limited
25 July 2006

Kimberlitic intersections found on first prioritised target

Xceldiam Limited (AIM: XLD), the specialist Angolan diamond exploration company,
today announces that core drilling has intersected sedimentary facies kimberlite
at 23 metres on the first of 20 prioritised targets. Drilling has been underway
on the Company's Luangue Concession for less than a week and excellent progress
is being made. The intersection is consistent with the Company's consulting
geophysicists' interpretation and geologists' expectations as significant
overlying crater facies is generally found above the Angolan kimberlite pipes.


The target (HS-1) was selected on the basis of its size (indicated by the
aeromagnetic survey to be in excess of 12 hectares), anticipated proximity to
surface and the occurrence of indicator minerals in the alluvial diamond
workings in the surrounding area, all of which showed potential for a nearby
kimberlite source.


Mineralogical analysis of indicator minerals from the recovered core will
confirm whether the kimberlite is potentially diamondiferous and hence whether
further delineation and large diameter drilling should be undertaken Once
drilling on this initial target is completed , the remaining 19 priority targets
will be drilled for confirmation of their kimberlitic nature. The Sullivan
drilling rig being used on the Luangue Concession is set up to recover two and
half inch diameter core up to depths of 400 metres and is operated by Gem Drill
which has several years of kimberlite drilling experience in Angola.


Tim George, Chairman and Chief Executive Officer, commented: "It is particularly
promising to have intersected kimberlite at shallow depths on our first drill
hole. There remain 19 prioritised targets to be drilled and undergo
mineralogical testing over the coming months with a view to initiating sampling
via large diameter drilling on those with positive outcomes. With further
consideration still to be given to the first pass drill holes on the remaining
50 significant anomalies identified on the Luangue Concession, we are confident
the significant potential of Projecto Luangue will continue to emerge."


www.xceldiamgroup.com

[din007] 15/6/2006 16:00

People are just re-balancing their portfolio's.

Hopefully....

[mdchand] 15/6/2006 15:08

alas it was a spike down....wtf was that all about? enormous delayed sale is my bet......

[simferopol] 01/6/2006 13:15

Now that unpenetrable 50p has been touched again I think we should see a long awaited spike appear. After looking, Petra would raise our game by a fair bit if the would show just a little more interest, but that could be their plan.

[shavian] 30/5/2006 14:19

Seems to be going down well with Petra, too

[beaufort1] 30/5/2006 10:56

Some very exciting news this am of a collaboration with Petra Diamonds. That must raise the possibility of a takeover by Petra - makes obvious sense.

[mangal] 01/5/2006 10:18

The warrants of these are now listed on the "Equity Warrants List" thread:

[dhamilton] 27/4/2006 20:52

Just came across this www.xceldiamgroup.com

Didn't know they had their own site.

[dhamilton] 12/4/2006 17:44

News sould be just round the corner!!

[din007] 06/4/2006 13:46

When they were doing the Mayfair Energy Pre-IPO.
They mentioned something like 6 months....

[tmccooey] 06/4/2006 13:26

any one get these via cornhill if so, do they have any more info on belitung zinc

regards

[shavian] 24/3/2006 12:55

dh: he's being paid to do it. Go XLD!

[dhamilton] 23/3/2006 19:10

If it really works(good) but keep it to yourself!
Do you not have have work to do??

[din007] 23/3/2006 18:56

Curse you mitshubishi and your spamming buddies...