Botswana Diamonds Share Discussion Threads

[fenners66] 19/12/2017 18:26

Look at that after all the stories and rampa , back to where it was months ago......

[lordz] 15/12/2017 17:47

https://www.miningmx.com/top-story/31209-desperately-seeking-suitor-gems-ghaghoo-diamond-mine/Desperately seeking the suitor after Gem's Ghaghoo diamond mineBy Brendan Ryan - December 15, 2017 0 127 Puzzling questions in the Botswana diamond mining sector at present concern which company has just walked away from buying Gem Diamonds' Ghaghoo mine as well as the identities of the "other interested parties" that Gem says it is still in discussion with.A prime suspect initially was London-listed Botswana Diamonds (BOD) but MD James Campbell denies any involvement.BOD has an exploration JV with Russian diamond giant Alrosa as well as its own exploration projects in the Orapa region and a 15% "free carry" on an exploration JV in the Gope region. Campbell and BOD executive chairman John Teeling previously developed the AK6 project in Botswana's Orapa region and sold it to Lucara Diamonds which now operates it as the Karowe mine.Two other possible candidates so far not ruled out are Pangolin Diamonds and privately-owned diamond trading and cutting firm Diacore – part of the Beny Steinmetz group.Diacore has cut a number of the world's most famous diamonds including the 203 carat De Beers Millenium Star but it seems the multinational group is keen to integrate its operations into the mining side and so secure its own dedicated sources of diamond production.In May this year London-listed Firestone Diamonds announced it had granted an option to sell its Botswana operations – including the BK 11 mine – to Amulet Corporation for $5.1m in cash. Amulet is a "Canadian special purpose vehicle" formed specifically for this deal by group of private investors led by Gareth Penny and the Diacore group.Penny is a former MD of De Beers who is currently non-executive chairman of major Russian mining group Norilsk Nickel as well as non-executive chairman of Pangolin.The interest in BK 11 is not the first time Diacore has moved to gain direct exposure to diamond mining companies. The company was described in May 2015 as an "anchor shareholder" in South African alluvial diamond miner Rockwell Diamonds by Campbell who was then the Rockwell CEO.Rockwell subsequently fell on hard times and is currently in provisional liquidation with liquidation applications to be heard in March next year but an offer has been made by Ascot Diamonds to acquire the business as a going concern. According to information on the De Beers website Ascot Diamonds is a subsidiary of Diacore.Johannesburg-based Steinmetz executive Ori Temkin did not return a call made by Miningmx.Pangolin is a recent entrant to the diamond exploration business having listed on the TSX in 2013. Pangolin did not reply to emailed questions sent by Miningmx.Another TSX-listed diamond junior operating in Botswana is Tsodilo Resources which is evaluating the BK16 kimberlite find in the Orapa region. Tsodilo president and COO Mike de Wit told Miningmx that Tsodilo was not the company that walked away from Ghaghoo and neither was it talking to Gem about the mine.Gem Diamonds acquired Ghaghoo – previously called Gope – from De Beers in 2007 and spent more than $85m developing an underground mine via a decline shaft because the diamond-bearing kimberlite pipe is covered by 80 metres of sand overburden. The mine was commissioned early in 2015 but was placed on care and maintenance in February this year.An authoritative diamond industry source told Miningmx the likely reason it's proving difficult to pin down who is talking to Gem is probably because "it's the rats and mice who are looking at this mine. Anybody who is seriously involved in the Botswana diamond industry knows the obvious problems associated with Ghaghoo."According to the source, those problems include Ghaghoo's remote location in the Central Kalahari; difficult ground conditions; on-going opposition from "greenies" hostile to the mine because of its location in a sensitive region and, above all, the 80m of sand overburden on top of the kimberlite pipe. That makes mining by traditional opencast methods prohibitively expensive which is why Gem went for a decline shaft to gain access.The source commented, "if there was just 15m to 20m of overburden then the mine would be viable as an opencast operation. But they will not be able to get the necessary production economies of scale using that existing decline shaft which means a large capacity vertical shaft may have to be sunk at considerable cost."

[elmfield] 13/12/2017 10:55

Hey Fenton,
Back to the dog pet?

[currypasty] 13/12/2017 10:54

anyone also in PET?

[lordz] 12/12/2017 13:43

Hopefully news should be out shortly this month.

[fenners66] 06/12/2017 12:18

I went back to that article about Tsodilo

drilled 14 holes at a cost of $ 1.7m

I make that $121k per hole.

Looking at the BOD balance sheet for 30-6-2017 they had just £110k of cash so assuming no other running costs for the company - enough for 1 test hole !

Tosidilo losses for 2015 and 2016 combined $11.966 m

Oh and that includes impairment of guess what Botswana intangible assets of ...... $6.65m !

[fenners66] 06/12/2017 12:10

Is that chart accurate?
Only 2 trades shown on advfn and you may think its flat.
Or is it that more shares are traded elsewhere and advfn does not report them?

[fenners66] 05/12/2017 13:28

Starting to look like those that got shares from warrants etc. are taking the chance to exit at a profit?
Maybe should have taken advantage before.
Still its following the pattern for all the other 162 stocks - walked up on a good story , news not so good , with a further delay (as always real bad news is never announced in one go it is always dripped out with watch this space comments ) and then , share price falls - but don't worry Botswana Diamonds has a new story - South Africa - but the name South African Diamonds has already been used hasn't it?

[lordz] 05/12/2017 13:14

Fiachra.. Inferred resources by end of year rns 4/10/2017

[lordz] 05/12/2017 13:11

OK 17/11/2017.. Sorry

[fiachra] 05/12/2017 12:53

Lordz. Inferred news?

[chapchip] 05/12/2017 12:09

lordz...you are privy to unreleased news.....17/12/2017 is not for another two weeks ?

[lordz] 05/12/2017 12:02

Fiachra.. The free state discoverys are in South Africa read rns dated 17/12/2017.So... BOD are entering south Africa.

[lordz] 05/12/2017 11:57

Anything can happen now and till end of year for inferred news.

[mickluv1] 05/12/2017 11:20

What do we think may be the bottom here?

[lordz] 04/12/2017 20:55

fiachra ...looks like everything is on hold until the dispute of BCL is done and dusted..

[fiachra] 04/12/2017 20:08

I cannot recall afd being in South Africa but my memory while good isn't perfect

[fiachra] 04/12/2017 19:54

Lordz. The article immeadiatly above(3540) quotes JT as saying,on the 11th of May 2016,that large diameter drilling was to take place to determine the size quality,grade etc of the diamonds on Maibwe. Has this drilling taken place by any chance?

[lordz] 04/12/2017 17:50

This was back in June 2017...http://www.mmegi.bw/index.php?aid=69849&dir=2017/june/27?The Maibwe JV consists of a block of ten licences, which are located in the Central Kalahari region of the country. The JV partners include Botswana government-owned nickel and copper producer BCL (51% ownership stake), local Botswana group Future Minerals (20% ownership stake) and private South African venture Siseko (29% ownership stake), in which BOD has a 51% ownership stake.Therefore, BOD has a net 15% interest carry through its exploration work in the project. Four kimberlites containing diamonds were discovered in 2015 by BCL, which is the majority shareholder and operator. However, BCL is currently in provisional liquidation.Campbell tells Mining Weekly that BOD is currently in discussions with the company's liquidator, professional services firm KPMG, to resolve the corporate issues associated with the JV.He says that, while the provisional liquidation of BCL does not effect the viabilityof the Maibwe JV, it does, however, place the project in "suspended animation". Campbell notes that, owing to the "high interest results" that were recorded on the Maibwe JV previously, when BCL was undertaking drilling on the project, the company wants to progress the project."We feel that it is in the interests of our shareholders to do so. Botswana Diamonds is joined by the JV's other minority rights holders who hold the same view," he states.Campbell comments that some of the proposals to resolve the BCL ownership issue include, among others, for the company to acquire BCL's stake in the project or to bring in a new partner to the project, who would then buy BCL's stake.However, he says that the company is currently evaluating these considerations and will make an announcement in due course.

[lordz] 04/12/2017 17:40

Fiachra... Post 3304.

[lordz] 04/12/2017 17:04

Fiachra.. I have read somewhere that the potential of diamonds recovery in Maibwe is the millions of $$$$. It's on one of my posts on here previously.

[lordz] 04/12/2017 16:54

Fiachra.. Sorry I took a while I was going to my post 3407. I looked into BOD when they were AFD. I believe that they were at one time had interest in South Africa..

[fiachra] 04/12/2017 15:23

I don't think we were ever in South Africa before? . Why should we leave Botswana?- unless I am under a misapprehension Maibe is th most promising prospect we have

[lordz] 04/12/2017 15:00

Maybe move out of Botswana and get back into SA.