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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Botswana Diamonds Plc | BOD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.034 | -9.71% | 0.316 | 16:40:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.35 | 0.325 | 0.35 | 0.316 | 0.35 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 12/4/2024 13:57 by tigerbythetail You know your posts are garbage, Fenners.BOD is the legal successor company of African Diamonds, which developed the AK6/Karowe mine that was bought by Lucara about a dozen years ago, and which yielded very substantial returns for its investors. So JT and James Campbell have an outstanding track record of success in this field. I don't know anything at all about the other companies you mention, and care less. |
Posted at 20/12/2023 23:10 by fenners66 "The Future of Botswana Diamonds""We live in hope" - that given the massive losses people will continue to fund them "does not produce revenue for many years. " - or ever ? Look at PET CLON ARK no revenue for what 20+ years ? BOD breaking ranks and finally getting some revenue...£15K with admin expenses of £566k... saved ! Er NOT No detail given with these figures about directors' remuneration .... As for the losses here - I would imagine in "investors" eyes this would seem unforgiveable but no doubt the fanboys will give the directors an easy ride , do they care how much the company loses ? "The Group incurred expenditure to date of GBP3,124,284 on certain licences held in Botswana. During the current year these licences lapsed and were not renewed. The directors decided to fully impair the expenditure and accordingly, an impairment charge of GBP3,124,284" 100% Write off , 100% waste of money ? |
Posted at 20/12/2023 18:33 by 799boy Agree 1teemoreMust be an odd type of personality to bother to post provocative bo11ocks on here just to get a rise out of genuine investors. Only ever makes me smile. Not one to be taken seriously. Just wish their quips were a little more humorous or imaginative. I guess practice makes perfect… |
Posted at 20/12/2023 08:00 by fenners66 "a 40% fall in diamond prices combined with a 30% increase in energy prices, eliminated positive cash flows for most diamond producers, so the Marsfontein operation is temporarily on care and maintenance""TOTAL COMPREHENSIVE INCOME FOR THE YEAR (3,381,999) ( 716,430)" That's another £3.3million LOST The Clontarf kennel strikes again.... So they are doing actually stuff in SA, but then say their primary focus is Botswana seems muddled especially when the non-primary focus is losing a fortune. But they blame lack of investors... yes always someone else's fault. |
Posted at 20/12/2023 07:19 by currypasty The Future of Botswana DiamondsWe live in hope that stock market interest in diamond companies will revive. Exploration costs money and even if successful, does not produce revenue for many years. The collapse of interest by investors in the AIM market in London has hurt all explorers. In recent years the pool of new investors has shrunk dramatically meaning little exploration. Mines have finite, often short lives, so it is highly likely that a future scarcity of many minerals, including diamonds, will occur. The surviving producers should benefit. Botswana Diamonds has a loyal but dwindling cohort of investors. We have sought to generate revenue thereby avoiding fundraising and developing late-stage projects such as Thorny River. |
Posted at 27/11/2023 15:46 by slim pickings Disappointing following an unusually quiet period from James, with the only news being his many conference presentations.To me it looks like it's been deliberate - i.e. allow the share price to drift lower and let some favoured investors jump on board at bargain prices.It's not a material number of shares fortunately and the cash will hopefully result in further progress. And now the deal is done, the regular news flow can resume.I still think James will pull it off - I have residual faith from the AFD/Lucara days. |
Posted at 27/11/2023 13:47 by elmfield A disappointing raise at even lower prices than before. I guess the subscribers will sell and hold onto the warrant, rinse and repeat. Not a great look for any company but common in Teeling inspired companies. Off putting for a serious investor. |
Posted at 03/5/2023 14:00 by holdingtight One complaint you can't level at JC is lack of communication. He regularly communicates progress and movements - the alternative is silence in between official news releases.He can't issue an RNS saying he's found a handful of small diamonds - but he can Twitter to say he's finding diamonds (in the tailings).News will come - if you are a short term investor worried about a bit of price drift then this is probably not for you. Most of the big projects will take a lot more time to reach fruition. But this is a great entry price.JC has delivered before with AFD - I'm holding as I believe he's on track to do it again. |
Posted at 28/9/2022 10:41 by perroverde Fenners you know exactly what I meant. The remaining percentage is a legal requirement beyond a company’s control.TBTT hi yes agree, I sincerely hope BOD has the balls to do this on their own, am sure there will be plenty of investors happy to contribute to the (relatively low) funding requirement. |
Posted at 13/11/2020 14:53 by georgeo1 NEWSBCL not reopening anytime soon Masire?Published 4 days ago on 9th November 2020By Rearabilwe Ramaphane??The highly anticipated reopening of BCL mine will not happen anytime soon. Permanent Secretary in the Ministry of Mineral Resources, Green Technology & Energy Security, Mr Mmetla Masire says it is still way too early to imagine or even think about return of operation at the once regional copper and nickel mining giant.In September of this year, Lefoko Moagi Minister of Mineral Resources told Parliament that government had identified three (3) potential investors who are interested in bringing the BCL mine back to life. The process of choosing new owners, Moagi said, was expected to be completed by December 2020.Speaking to Weekendpost on Monday, Permanent Secretary Masire said the BCL Liquidator has reported to the Ministry that they are still evaluating bids/proposals from a number of interested potential investors. "At this stage they have not yet concluded the evaluation therefore we do not know how well they are progressing," he said.Masire explained that the process will take some time as it is the nature with companies under liquidation. "The Liquidator reports to the Master of the High Court and they will update us on their finds and decisions when they are ready," said Masire.Quizzed on whether or not Government would be interested in buying a stake, or partnering with any of the investors Mmetla Masire said that conversation was not applicable at the moment. "It is premature to talk about Government partnering with any of the bidders when we are not even sure if any of the bidders will be successful," he said.The Permanent Secretary reiterated that it would therefore be unrealistic to expect BCL mine to be back in operation any time soon. "It is premature to be talking about reopening all or parts of BCL, the process of arriving at that stage is a very complex one and it takes time," Masire said.BCL Group which comprises of Phikwe BCL Mine and Tati Nickel mine in Francistown was put under provisional liquidation in October 2016, a decision which according to Government, stemmed from decline of copper prices on global markets thus rendering BCL an uneconomic business case.Prior to BCL liquidation Government had already pumped over P1 billion in cash through a loan that was later transformed into equity giving government full ownership following a series of transactions aimed at buying out Russian Norilsk. The closure of BCL mine in Phikwe resulted in over 5000 job losses, majority of which were semi and non-skilled personnel from Selibe Phikwe and surrounding areas.THE RACE TO TAKE OVER BCLInformation gathered by Weekendpost revealed that while government had announced that three (3) potential investors are bidding for the takeover of BCL mine, the quest has narrowed to a two (2) horse race. Two Former BCL Executives are said to be leading two (2) set of investors in a pursuit to assume the reins of resurrecting BCL.Montwedi Mphathi, former General Manager of BCL has partnered with a team of Canadian Investors to bid for the Mine. Mphathi, a shrewd miner, is credited for leading BCL to profitability during his time before leaving under a cloud to head Botash, Botswana's sole soda ash producer. Sources close to the matter told this publication that Mphati and his partners are likely to emerge as the preferred bidders.He is said to be banking on his credentials as the first Motswana to head BCL, leading it to profitability, and a combination of his Canadian partners' financial capacity and knowledge of the market. "Mphathi actually knows BCL better , he has worked there for over 30 as a junior until General Manager , if his Canadian partners have the money and guaranteed market access , they stand a better chance," said one industry expert who preferred anonymity.The seasoned mining industry giant who also worked in the highest level of Government told this publication that BCL's business case remains viable. "The Phikwe mine would obviously not be back to pre liquidation capacity; at most it's likely to hire about 1500 people," he said.The other set of investors are led by Mark Williams. The former Divisional Manager Corporate Strategy at BCL Mine is said to have convinced well resourced Qataris investors' to also enter the race. Mark William is often referred to as the master mind behind BCL Polaris II, an ambitious strategy that was coiled to diversify BCL's portfolio and secure the company's future beyond its own mineral resource.Polaris II which entailed multibillion pula purchase of Nkomati Mine in South Africa was later criticized as one of the ill advised moves that sunk BCL into financial dark hole. Efforts to get hold of BCL liquidator who is based in Cape Town, South Africa were not fruitful as had not responded to Weekendpost questionnaire at press time. His Phikwe based staff declined commenting on the matter. |
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