Botswana Diamonds Share Discussion Threads

[lordz] 26/10/2017 19:46

This is the link to the below news.Gope Diamonds At the time of its closure BCL Investment through its subsidiary Maibwe Diamonds (BOD) where they hold 51% had discovered a number of diamondiferous kimberlites at their Prospecting Licence number 86 (PL86). BCL exploration projects in the Gope area are estimated to have a potential value of over P20 billion. It is alleged that in mid-2016 it was discovered that the drilling showed that the diamond is of high grade and quality. Maibwe project has a potential in situ value of $1.9 billion (P21 billion). In 2013 Botswana Diamonds signed a joint venture with Brightstone Mining on the block. BCL subsequently took over the block in 2015 and created Maibwe Diamonds. Botswana Diamonds retains a 15% position in Maibwe Diamonds.

[elmfield] 26/10/2017 19:16

Well,
That may be, but,
someone wants out.....
But in this world you just buy, sit back, and leave it alone.

[lordz] 26/10/2017 18:55

This very interesting..Gope Diamonds At the time of its closure BCL Investment through its subsidiary Maibwe Diamonds (BOD) where they hold 51% had discovered a number of diamondiferous kimberlites at their Prospecting Licence number 86 (PL86). BCL exploration projects in the Gope area are estimated to have a potential value of over P20 billion. It is alleged that in mid-2016 it was discovered that the drilling showed that the diamond is of high grade and quality. Maibwe project has a potential in situ value of $1.9 billion (P21 billion). In 2013 Botswana Diamonds signed a joint venture with Brightstone Mining on the block. BCL subsequently took over the block in 2015 and created Maibwe Diamonds. Botswana Diamonds retains a 15% position in Maibwe Diamonds.

[lordz] 26/10/2017 13:33

Even lower

[lordz] 26/10/2017 13:10

Elmfield ....has this dropped low enough for you.

[lordz] 26/10/2017 12:43

Talks are already on the way to acquire all or part of Maibwe.

[lordz] 26/10/2017 12:26

Botswana Diamonds engages liquidator over Maibwe JV project16 june 2017NewsBotswana Diamonds said it has approached the liquidator of the Maibwe joint venture with several possible options to get the project moving. Work on Maibwe had been delayed owing to the liquidation of main shareholder and operator BCL, said company managing director James Campbell at a mining conference in Gaborone, Botswana. Maibwe was made up of three parties BCL, a Botswana state owned copper/nickel producer which was given 51 percent in return for a $1 million investment; Future Minerals, a local Botswana group (20 percent) who first acquired the licences and Siseko Minerals (29 percent), which was 51 percent-owned by Botswana Diamonds. Though 10 prospecting licences are held by Maibwe, comprehensive work had been successfully carried out on PL 186. "We received tantalizing results after a drilling programme on PL186 in 2015, sadly we couldn't work on it because of the liquidation of BCL, but we are in discussions with the liquidator as well as our joint venture partners to try and get the project moving," said Campbell. "We believe that is in the great interest of the country and of course the joint venture partners on the project Work on PL186 had managed to identify four diamond bearing kimberlite pipes forming a cluster within close proximity to each other. The pipes were identified through a series of ground-magnetic surveys at 50m spacing and 800m of diamond core drilling from which 305kg of sampled material returned diamonds. Future Minerals and Siseko, were said to have agreed that Botswana Diamonds would fund a verification drilling programme. Campbell confirmed that Botswana Diamonds had since drilled verification holes and was in the process of analysing the samples. Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

[lordz] 26/10/2017 11:19

The liquidator is dealing with a number of options including the sale of assets as a unit and/or a piecemeal sale. Decisions are due by end February 2018.Piecemeal definition :piece·meal (p?s?m?l?)adv.1. By a small amount at a time; in stages: articles acquired piecemeal.2. In pieces; apart.adj.Accomplished or made in stages.

[lordz] 26/10/2017 10:45

Maybe Alrosa. Would buy them out.

[lordz] 26/10/2017 10:35

elmsfield.. looks like from this news that's BOD have submitted an offer and is in review. If all goes through should be very interesting.

[elmfield] 26/10/2017 10:32

Hard to know, but a bird in the hand so to speak for the receiver dealing
with bcl.

[lordz] 26/10/2017 10:24

Elmfield ..I would suspect a takeover by BOD for BCL for the remainder stake it holds, it seems very highly interesting part of the region.

[elmfield] 26/10/2017 09:30

Backs up last j.c interview.

[peterz] 26/10/2017 09:14

Useful - RNS

[elmfield] 25/10/2017 20:26

Probably a sell. Explains the fall.
Nothing goes in a straight line, opportunities abound.

[lordz] 25/10/2017 20:19

When was the 1,000,000 buy go through.

[elmfield] 25/10/2017 18:31

Yes,
Great stuff, what the market is all about.
Red tick all you like!

[lordz] 25/10/2017 17:58

Might be too late to get back in if good news is out by end of week.

[thecynical1] 25/10/2017 17:42

This is not unusual for a Teeling stock..... Those who were up early yesterday morning got out.... And will wait for an opportunity to get back in.... Jmo.

[lordz] 25/10/2017 16:37

Dissapointed 2 days in a row we need solid news on confirmed diamond find.

[elmfield] 25/10/2017 16:25

Come on, drop a bit more, please.

[lordz] 25/10/2017 12:32

The kimberlites are definitely going to be explosive now.