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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| African Diamond | AFD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 39.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 39.50 | 39.50 |
| Top Posts |
|---|
Posted at 17/12/2010 13:31 by hatto Good afternoon everyone.I think any switched on World Wide Investor wanting to buy into LUC now, would be better off buying AFD surely. Yesterday LUC was 90c that is 44p & you get 7p valued BD thrown in for free. Switched on LUC holders may even have sold there LUC & bought AFD. Certainly makes sense to me. |
Posted at 04/12/2010 10:31 by jungle jim I have asked Barclays if there are any alternatives to this expensive foreign trading account after the takeover. As I intend to hold Luc it could prove expensive with Barclays high costs for no account activity. I asked for example is it cheaper to come out of the nominee accounts before the date and hold the paper, then sell the paper via any stockbroker later on.I didn't understand the answer, which basically bounced me to Lucara's investor relations page. I've emailed Lucara and asked if they have any views. Has anyone else been down this route yet and come up with any alternatives? |
Posted at 02/12/2010 09:31 by richvandam This is a good long term investment for myself now, happy to sit and wait for a few years. Averaging 33p, i think Lucara will see private investors a excellent return on there investment in a couple of years time. |
Posted at 19/11/2010 17:35 by varrirob euclid - hope you don't mind me asking but what are your thoughts on new co. Will the new team be looking to attract new investors from the offset? I also wonder if they will announce any new finds or exploration news prior to listing. |
Posted at 14/11/2010 21:54 by varrirob Looking ahead a bit, will we get some documentation giving an overview of the new co. and what it's strategy will be over next year and what proactive steps it will take to maximise shareholder value (bringing in new investors etc). |
Posted at 19/8/2010 20:55 by reddish tinge May be you wouldn't, but a lot of investors apparently did... a whole £9.6m worth were bought via Finncap in the placing. Without the investors being recommended by AFD's broker, AFD wouldn't have got their hands on the £9.6m. |
Posted at 02/8/2010 18:47 by eddieohare1 Ein have to agree big time something is up! AFD would b an excellent buy for potential investors because the buy out price would have to be over 40p at least for instutions to agree (havin bought alot of shares approx 6 months ago)! My opinion at these low levels a bid around 50 - 80p but thats only my opinion. Would make sense for more investors to get in at this cheap price! (But I hope we get nearer production when we get an offer but cant see that!) |
Posted at 26/7/2010 13:11 by the_curmudgeon by AFD standards, 282,395 is not bad volume at the moment.obviously for this to be really significant the volume needs to be much higher but it's a start. the ask is currently 30p. will be nice to see some trades go through in the 30s again. onwards and upwards. as i said before, we're not hoping to pull gas/oil out the ground in some politically-difficul savvy investors will come back to afd and maybe that is beginning today. we shall see. its either production next year or a buyout. either way, i like the cards i'm being dealt now by afd and i think alot of other investors will too... the c |
Posted at 02/6/2010 09:09 by undecided Sorry should never take a tip from Ballingrobe. Posters over the past few months have been trying to ascertain who is drip feed selling afd shares and why it remains at these low levels despite all the good news. I think the state of the Irish economy has had a major impact on afd stock and in particular with regard to drip selling. 7 to 6 years ago the celtic tiger economy was at its height, banks were lending money like no tomorrow and people were investing in companies purely on broker advice with little or no research. AFD and Teeling was looked upon as a local Irish Co doing there bit abroad and would have been easily supported at that time. Many of these investors would have got in at an early stage when perhaps the share price was around 40p. How times have changed and we have an economy in Ireland that is doing the exact opposite. Believe me the austerity package in Ireland is far worse then anything seen so far in England and people unfortuneatly have had to reverse out of situations in order to keep priorities going in other day to day areas. If we accept that a large number of pi investors in AFD are Irish (myself included) then economic circumstances has forced investors to possibly make wrong selling decisions in order to generate income. I firmly believe the day will come when afd will be in three figures luckily I can afford to wait. Many others could'nt. One reason perhaps why we have sellers when the future seems so bright for AFD. |
Posted at 07/2/2010 20:15 by eh m es mx Looks like they struggling to raise money :Teeling urges investors to open their purses by Prof Malema 07.02.2010 9:18:24 P John Teeling, chairman and a significant shareholder of African Diamonds Plc, gave Batswana a new leave to be rich as he urged them to inject more cash into the budding mining company in a bid to strengthen their shareholding position. The maverick Irishman told investors to open their purse to help the company to increase shareholding under the new shareholding arrangement from 28 to- 40 percent in its mining venture with Lucara at AK 6. "We are extremely lucky to have found diamonds in the Orapa area," he said, adding that he is "happy to be in Botswana because there is some good news" (regarding the developments at AK 6). "I hated coming here in the last two years because there was a lot of bad news," he said referring to the troubled relationship African Diamonds and De Beers over their Boteti joint venture. The troubled relationship that steamed from lack of trust between the partners ended up towards the end of 2009 when De Beers decided to sell its stake to the Canadian-based company Lucara for US $ 49 million. Teeling told an investor briefing on Thursday at Gaborone Sun Conference Centre that he is scouting for about US $ 20 million from investors in a bid to push the long held dream of the company to come to fruition. The first US $ 10 million is aimed at pushing African Diamonds shareholding under the Boteti joint venture the group that holds the AK 6 mining licence-- to up its shareholding from 28 to- 40 percent while the remaining US $ 10 million is expected to aid it to navigate towards production. "What we are looking for is situation where the current shareholders do not get diluted," he said adding "while at the same time we are trying to avoid bank loans because they do not result in long term relationship". "With the loan ones it is paid off the relationship is over," he stressed. Teeling praised the company of being "lucky" for having a concession within Orapa region a region he terms the best diamond address in the world -- said the proposed mine has the potential to produce 1 million carats at revenue levels of US $ 200 million. AK6 is 15 kilometres south-west of Letlhakane village and it is closer to Orapa mine, the world's biggest diamond mine, Letlhakane and Damtsha mines. The three mines which are within a radius of 20 kilometres are operated by Debswana Diamond Mining Company. The man whose family holds 25 percent of African Diamonds London and Botswana Stock Exchange quoted company -- said if current investors buy into his capital injection proposal "they stand a chance to be rich". His sentiments are being bolstered by the fact that most of the world's known diamond mines are getting depleted while there are no major discoveries. He said De Beers pulled out because they got into financing trouble and they did not want to develop AK 6 after spending US $ 45 million in the exploration exercise. "They designed a beautiful Ferrari or Bogati but problem is that Bogati does not move in a desert," he said referring to the mining designs that were favoured by De Beers. "What we wanted was a reliable Toyota that could bring the desired results," he said. |
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