African Diamonds Share Discussion Threads

[euclid] 04/10/2010 16:15

I wonder if DB will vote for or against?

[yarisverso] 04/10/2010 16:02

Sounds good Wirral. Thanks.

[chapchip] 04/10/2010 16:00

wirral, i tend to agree

[chapchip] 04/10/2010 15:57

lol, rainfall was a weatherman in a past life or a politician

[vikramarahaji] 04/10/2010 15:56

Make ya mind up rainfall.

[rainfall] 04/10/2010 15:46

having read it all we have been stuffed . jt may you go where you belong soon.
my wishs always come good . bye all of you good luck.

[az209] 04/10/2010 15:42

I suggest you read that PDF from LUC.

Loss making and cash hungry.

[vikramarahaji] 04/10/2010 15:41

I honestly feel that the LUC bid was the latest and last. They waited until last IMHO.

[mclellan] 04/10/2010 15:39

Jungle Jim- longer to wait for a decent return. Be interesting to see if GEM produce a bid now that LUC's is out in the open.

[az209] 04/10/2010 15:36

Not Guilty !

[franksjpt] 04/10/2010 15:25

Looks like the LUC shares are very very low trade volume :(

[arf dysg] 04/10/2010 15:12

AZ209, didn't I see you on the RRR board on Friday, concocting a posting that looked like it came from someone else? Naughty, naughty!

[vikramarahaji] 04/10/2010 14:56

It is a good deal for those locked in at a higher value as they will now reap the reward of a rising share price in the future and have a chance of making a profit that a simple cash deal would not have given them. I said if a deal was made it would be a paper one. It could have been better but we are starting our journey North IMHO.

[rainfall] 04/10/2010 14:53

luc down 5.5 percent

[vikramarahaji] 04/10/2010 14:49

Good post danny.

[jungle jim] 04/10/2010 14:49

Agreed Danny, that's my take on it. Emotionally I feel stitched up, but business-wise it all looks good. I can't see the LUC share price dropping either. For the same reasons that we all thought AFD paid well under the odds for 40% of AK6, Luc have paid under the odds for 100% of AK6. And I can't see them getting rid of it for a small premium like AFD have just done.

[the_curmudgeon] 04/10/2010 14:45

danny - i agree

[tanelorn] 04/10/2010 14:41

Reddish Tinge has a serious problem

[danny111] 04/10/2010 14:30

I'm surprised by some of the comments on here today. I understand disappointment from long term holders, but in reality, are you any worse off? Unless I'm mistaken, the value of the conversion price for AK6 alone is above the recent AFD SP, even if you suspect that the 7p valuation of what is left is pure fantasy (maybe/maybe not). Surely the main difference now is that we share in 100% of the future value of AK6, but our shares are now held in a company that is already generating revenue from Mothae and has the backing of the Lundin Group. Am I missing something? Personally, I would be more comfortable hedging my bets with a combination of a 'producing' mine and a significant 'potential' than having all my eggs in that significant 'potential' bucket. That leaves the residual AFD as gravy IMO

[pjdeery] 04/10/2010 14:30

rainfall - 4 Aug'10 - 13:07 - 10627 of 13298

i will not sell under 200p.i want at least 220kback

Looks like you have had another pump and dump failure here ludlow/rainfall/rampant debra/ hardwork etc.

[arf dysg] 04/10/2010 14:30

The real calculation is what value would be put on LUC shares a year from now.

With AK6 and Mothae in production, that value ought to be pretty high.

[undecided] 04/10/2010 14:16

Back from weekend in Italy. For the life of me I can't see how JT can even spin this one up as being a good deal. 0.445 + 0.07 = 0.51p I am gobsmacked. AFD and JT had to be distressed sellers. Only plus might be that Lucara might be better managed then afd. Bitter disappointment after following these over the years and having a substantially higher breakeven then this paper offer. Will be getting out of these at first opportunity on a point of principle, the fact that in the end the AFD team did'nt think it had a higher value and there is better growth shares out there with obviously less risk. In answer to an earlier question the only Clontharf poster I know here is Marcello Lippi - David Horgan.

[euclid] 04/10/2010 14:06

The question now, is will LUC go up or down on the news?
They are 'diluting' to the tune of 80M shares but benefitting by 40% of AK6.