African Diamonds Share Discussion Threads

[teemore] 08/10/2010 22:21

quote 'Its called research old bean' - it could be more appropiately called 'chip on the shoulder' rather than research!

[peterz] 08/10/2010 19:18

Me to ...but it is Friday night.

[lochnessmonster] 08/10/2010 17:52

LOL Arf. I honestly did laugh out loud at that one. Very good. ;-)

[pat mustard irl] 08/10/2010 17:19

VikramArahaji - 8 Oct'10 - 13:14 - 13710 of 13715


pmi

Sorry but why are you posting if you are not a holder? Are you concerned over my wealth? Or are you just a boat rocker



.....................

Its called research, old bean!

[chapchip] 08/10/2010 17:06

tellingly this has not ben update since 10/08......??????

Major Shareholders
Shareholders who hold more than 3% Amount % Holding
Investec PTY 11,600,000 11.8%
Chase Nominees Limited 9,457,175 9.4%
Altus Resources Capital Limited 5,400,000 5.38%
WB Nominees Limited 4,530,732 4.51%
TD Waterhouse Nominees (Europe)Ltd 4,305,679 4.29%
John Teeling 4,045,820 4.03%
De Beers 3,423,293 3.41%
James Finn 3,295,820 3.28%
David Horgan 3,295,720 3.28%

Last Updated 10th August 2010

Number of AIM securities in issue: 100,357,266 - 10th August 2010
Percentage of shares not in public hands 10.59% - 10th August 2010

[chapchip] 08/10/2010 17:03

euclid...probably LUCARA ??

[vikramarahaji] 08/10/2010 16:44

Wonder why the markets still sees this as worth sub 40p?

[euclid] 08/10/2010 16:09

Did we ever find out where 20-odd million shares went to in the last placing?
For that matter do we know where 110 million shares went in the Lucara placing?

[arf dysg] 08/10/2010 13:41

No, he's rocking the rabbi.

[vikramarahaji] 08/10/2010 13:14

pmi

Sorry but why are you posting if you are not a holder? Are you concerned over my wealth? Or are you just a boat rocker?

[mclellan] 08/10/2010 13:08

rainfall- I hope you didn't pay 1.90p for your HER yesterday.

[mclellan] 08/10/2010 12:48

euclid- thanks

[euclid] 08/10/2010 12:45

Actually it is 3 cents.
Approx $3M in cash divided by approx 100M shares.

[mclellan] 08/10/2010 12:42

euclid- thanks.
Did you say 3p of the BE value is cash?

[euclid] 08/10/2010 12:40

The mkt is telling us that AFD's share price is underpriced.
Current share price for LUC is 87c mid
0.8 x 87 = 69.6c

Todays exchange rate for C$ is 0.6166 so the deal share price for AFD = 43p
Botswana Exploration value is extra.

[teemore] 08/10/2010 12:38

mustard - are you posting to yourself??

[pat mustard irl] 08/10/2010 12:30

Who is going to guarantee you 52p when the deal is done?

On the other hand, if it had been cash your 52p would be as good as cash in the bank!

[pat mustard irl] 08/10/2010 12:27

VikramArahaji - 8 Oct'10 - 11:47 - 13698 of 13701


We are at over 20% discount to offer price. Surely only an idiot would sell out now. In theory it should be the time to buy and get some capital appreciation instantly once the deal has come to fruition. Buy at say sub 40p and once shares in LUC are transferred etc the new holding including BE is worth 52p approx. Looks simple on paper.


.......................


Paper being the operative word!

The paper value will be worth 52p but the market is already telling you that is over priced!!

[euclid] 08/10/2010 12:19

That must be right Arf. In a takeover the buyer takes over the assets and the liabilities. lol

[arf dysg] 08/10/2010 12:09

euclid, I guess Lucara will have to pay themselves back the value of the loan plus interest!

[quays85] 08/10/2010 12:01

Vik we all know rainfall/ludlow is one of the same - a complete idiot !!!

[vikramarahaji] 08/10/2010 11:47

We are at over 20% discount to offer price. Surely only an idiot would sell out now. In theory it should be the time to buy and get some capital appreciation instantly once the deal has come to fruition. Buy at say sub 40p and once shares in LUC are transferred etc the new holding including BE is worth 52p approx. Looks simple on paper.

[euclid] 08/10/2010 11:45

What happens to the $2M loan that AFD took off LUC?