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DON Diamonex

2.50
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Diamonex LSE:DON London Ordinary Share AU000000DON1
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.50 GBX

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Diamonex (DON) Top Chat Posts

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Posted at 16/4/2008 11:13 by aim_trader
"Subsequent testing by DiamonEx has since seen the grades revised upwards and the indicated resource increased to 3.7 million carats at an average grade of 27.41 carats per hundred tonnes. There's potential for this to be revised even higher. The current figure is based on four pipes to depths of 110m. One of these pipes, K003, could extend as far as 150m. Luckily for DiamonEx, this is also the best of the four, accounting for 2 million carats of the existing resource. A fifth pipe, K006, is not included in the resource and could add a further 80,000 carats or so."
Posted at 16/4/2008 11:11 by aim_trader
Now that the diamond market has been released from the clutches of De Beers, numerous mining juniors are targeting new discoveries. Few of these firms are making money but one of AIM's latest entrants, Brisbane-based DiamonEx, is about to commence production in Botswana and has multiple prospective licences in the same country and in the US.
Posted at 22/11/2007 18:02 by steric
DiamonEx Limited is an Australian based organisation, which has conducted an independently verified and confirmed compliant feasibility study for a mine in Botswana that will be producing 330,000 carats of diamonds per annum. Based on this my calculations give an attributable profit of £4.2 million. With 133million shares in issue the market cap at present is £23 million. This gives one a very undemanding P/E ratio of 5 times and in my opinion the share price could easily double from these levels based on the verifiable income.

Other bull points are:
· The list of corporate shareholders' is impressive to say the least.
· They have 23 other tenement areas in the same region of Botswana that they are investigating and these have as yet have no value attached to them.
· New Kimberlite options acquired in the USA – refer AIM announcement dated 7th November 07. Should this happen then one can expect an even higher P/E rating as USA assets trade at a premium to African assets.
· The Lerala mine is planned to last 11 years up to a depth of 110 metres but management believe that this can easily be to 175 metres depth (which should add another 6 years of life)
· Strong growth outlook for Diamonds.

Negative points are:
· I have been following this share for some time having bought in Botswana some time ago and I can say that although management have delivered everything they promised their investor relations is non-existent. In my experience to date they unfortunately do not reply to e-mails and treat shareholders as mushrooms!

In conclusion and in my opinion I do think that the share is a good buy at these levels and that the value will out with time even if it takes a takeover bid. DYOR etc etc.
Diamonex share price data is direct from the London Stock Exchange

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