African Diamonds Share Discussion Threads

[barker haines] 07/12/2010 18:11

Chapchip...what's the likliehood that any of the kimberlites you mention (in fact any that BD have left in Bots) will be more profitable for Lucara to process than AK6? Isn't the presence of the fabulous Type IIs supposed to increase as they mine down??

[euclid] 06/12/2010 20:36

3rd quarter report

[chapchip] 06/12/2010 10:03

barker......i wasn t stating a fact, just throwing in a potential for discussion.

Perhaps AFD might have made a case for this as part of any deal ??.....perhaps it might be financially viable for both sides.....and would help LUC pay back that AK6 capex ??

[jungle jim] 05/12/2010 16:01

Thanks chaps. Good point euclid, at £25 per quarter I should just 'suck it up' as our colonial friends say. It just goes against the grain to transfer hard-earned money from Jungle Jim (profits not much; pension, what pension?) to Barclays (profits squintillions; cor peasants, you should see our pensions).

[euclid] 05/12/2010 14:01

A slide show of AK6 progress here:-

[euclid] 04/12/2010 14:26

Since the AK6 commissioning is due to start a year from now, it will be 4 quarters of inactivity if one does not trade. If my LUC holding is not worth at least £100 more than it does now I'll eat my hat.

[euclid] 04/12/2010 14:09

I'm happy to pay a £25 quarterly inactivity fee for a while just to see where Lucara are going to take it. You never know, it might be peanuts compared with the rewards.

[hatto] 04/12/2010 13:07

PS.....Now they know that AFD has been bought out they may not accept new AFD bets.

But you could ask them if you are interestted.

Any bet profits are tax free but there are small charges for opening & closing a position.

[jungle jim] 04/12/2010 10:31

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?

[hatto] 03/12/2010 21:39

Hi euclid.....Yes I'm getting quite emotional.

[euclid] 03/12/2010 21:38

10 trading days left.

[hatto] 03/12/2010 21:34

Good evening everyone.

Very quiet days trading on LUC....

2,000 @ 100c.

[hatto] 03/12/2010 07:48

Strange trading on LUC last night. Mostly Buys.

Unchanged at 102c

[euclid] 02/12/2010 16:12

LUC is headquartered in Vancouver so if a large part of their shareholder base is located there it might explain why the action tends to come after we close here.
When it's 4pm here it's only 8am in Vancouver.

[varrirob] 02/12/2010 13:42

Thanks LNM for that. Always helps to have another opinion in these matters.

[euclid] 02/12/2010 13:37

Has anyone been advised of the corporate action by their broker yet? If so what options have you been given?

[euclid] 02/12/2010 13:18

Also, since their commission is a % of the deal, its pays them to get the best price too. (when selling)

[euclid] 02/12/2010 13:14

Yes teemore, true.

[teemore] 02/12/2010 13:04

euclid -if you have a good broker you can then get a better price to sell or buy which will make up for the charge difference

[hatto] 02/12/2010 11:12

I've been looking at yesterday's LUC trades....

Starting yesterday @ 87c v 93c we had a 6,500 Buy @ 93c.

After that a few smallish buys & then a 16,500 Buy @ 95c with the share price @ 93c v 94c.

After that we had significant sized buys of....

31,500 @ 95c
45,000 @ 95c
49,000 @ 95c
99,000 @ 95c

Then 2 Buy trades of 24,500 + 25,500 = 50,000 @ 102c

With that the share price moved to 102c v 110c.....A few sells followed & the share price dropped to 102c v 108c.

The buying was sustained yesterday & I wonder if there is a reason behind it.

It'll be interesting to see if the rise continues today.

[chapchip] 02/12/2010 09:43

yes tend to agree Rich, just frustarting that its a pig to trade and currency fluctuations to consider.

What would be even better would be if JT can work some magic on Botswana Diamonds and repeat the success of AFD from 7p to £1.80.

they say lightning doesn t strike twice....but you just never know.........AK8/9 or BK5 being a feeder mine would be quite luctrative i suspect

[richvandam] 02/12/2010 09:31

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.

[chapchip] 02/12/2010 09:25

wow wee.............upwards