Botswana Diamonds Share Discussion Threads

[lordz] 05/4/2018 12:10

Firmor... Does vutomi prospects have all the tests already in place so mining can commence when fully paid and funded or is that after phase 3 of their agreement.

[firmor] 05/4/2018 10:08

These are tightly held with positive news on South Africa and prospectus report on maibwe showing a high value mine this will be a game changer for Botswana diamonds

[lordz] 05/4/2018 08:53

Almost a billion pounds to vutomi... Hope its all worth it.

[lordz] 04/4/2018 12:42

https://www.miningreview.com/could-the-development-of-another-karowe-mine-be-in-the-pipeline/

[lordz] 30/3/2018 14:53

Tomatoma2.... just checked oùt this site too.. same news on Maibwe Gope.http://www.mmegi.bw/index.php?aid=59853&dir=2016/may/11

[lordz] 30/3/2018 13:46

Here's some cut out from that news article.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] 30/3/2018 13:46

Tomatoma2...See what you can make out of this..http://www.thepatriot.co.bw/news/item/3817-why-ieh-wants-bcl.html

[mickluv1] 30/3/2018 11:45

It it was sold for half what BCL had it on its book for! that would equate to a 1,739% increase in the MCAP for BOD, now that would be nice :-)

[tomatoma2] 29/3/2018 16:35

How is the liquidation process going to value the Maibwe asset? BCL valued it two years ago at a certain amount. If the prospectus value is only a quarter of that amount BODs interest would be worth 20p per share. Let's see what the prospectus indicates.

[ein4] 23/3/2018 19:56

Hopefully sooner?

[firmor] 23/3/2018 19:25

James Campbell interview on Botswana diamonds web site sound's every positive going forward .who will be our new partners in maibwe ? .we should know in the next three months i think

[lordz] 23/3/2018 14:26

https://southerntimesafrica.com/site/news/botswana-eyes-dubai-as-re-export-hub-for-its-gemsBotswana eyes Dubai as re-export hub for its gemsHome Botswana eyes Dubai as re-export hub for its gems? BySouthern Times -- Mar23,2018 --  0 CommentsShareTwitterGoogle+ 0Mpho TebeleGaborone-Botswana is looking to the Dubai Chamber of Commerce and Industry (dcci) to become its re-export diamond hub for diamonds and other products.  Recently, a Botswana delegation led by Minister of Investment Trade & Industry, Vincent Seretse, and senior officials from Botswana Investment & Trade Centre (BITC) undertook a targeted investment and trade promotion mission to the United Arab Emirates from 12 to 15 March 2018.Vice-president of international relations at DCCI, Hassan Al Hashemi, said Dubai sees "huge potential" to expand bilateral trade and investment to other key sectors, including tourism, agriculture, healthcare, manufacturing and information and communication technology.He added, "As one of the world's largest producers and exporters of diamonds, Botswana can greatly benefit from strengthening its partnership with the UAE, which has become a major re-export hub for diamonds."BITC Director of Corporate Communication, Kutlo Moagi, said the main objective of the mission was to explore investment and trade opportunities, position Botswana as an investment destination of choice to the UAE business community, as well as facilitate for possible joint-venture arrangements between interested investors from both countries.She said delegates drawn from 17 private companies and government institutions with sectors of focus in agriculture, manufacturing, mining, international financial services, tourism and transport and logistics embarked on the trip to Dubai."Engagements with the UAE business community were carried out through a business conference in partnership with the UAE Ministry of Economy and Dubai Chamber of Commerce and Industry. In addition, a series of pre-planned business-to-business meetings in both Dubai and Abu Dhabi took  place for participating companies to explore opportunities for mutually beneficial partnerships with their counterparts in the                          UAE." Al Hashemi shared the same sentiments that "Dubai is an ideal platform for Botswana to use as a re-export hub, with strong links across the Middle East, Asia and Europe. The Emirate offers plenty of advantages such as a world-class infrastructure, business-friendly environment and attractive free zones."He said at the same time, Botswana offers the UAE numerous trade and investment opportunities, with its fast-growing middle class and proactive approach to diversifying its economy away from commodities."Botswana has the potential to leverage its position in the region to serve as a gateway to the southern African market," Hashemi said.Seretse said Botswana seeks stronger strategic and commercial partnerships with a nation that has successfully moved from humble beginnings to become the globally recognized economic powerhouse that the United Arab Emirates clearly is today. "Beyond the partnerships, we are keen to see actual investments happening across our two nations. We wish to learn how you have successfully managed to diversify your economy, by creating other thriving strategic sectors such as: tourism, financial and business services, transport and logistics, as well as manufacturing, to name but a few. I have noted the firm resolves of the United Arab Emirates to have 64 percent of your GDP (gross domestic product) being derived from non-oil reserves by the year 2030," he said.According to Seretse, given the negative trade balance in favour of Botswana, there were a lot of opportunities for the UAE to export more goods and services to Botswana. He said Botswana currently exports goods worth US$708 million per annum to the United Arab Emirates, mostly diamonds, while the United Arab Emirates exports US$21 million of diamonds and other consumables to Botswana.Seretse called on the Arabs to consider establishing a production facility in Botswana providing access to multiple preferential trade arrangements, such as the SADC-EU Economic Partnership Agreement, the Africa Growth and Opportunities Act, the Southern Africa Customs Union, and Southern African Development Community.   Reports indicate the DCCI has been seeking to deepen its trade relationships with African countries in recent years, expanding its presence to four international offices on the continent, in Namibia, Ghana, Mozambique and Kenya, and growing the number of African companies registered in Dubai to around 17,000."The UAE's growth in Africa is visible in key sectors such as oil and gas, tourism, aviation and logistics with several national companies including Enoc, DP World, Air Arabia and Fly Dubai established in key regional markets," Abdullah Bin Ahmed Al Saleh, the undersecretary for foreign trade affairs at the Ministry of Economy, said when delivering the vote of thanks at the conference.A possible investor here. 

[lordz] 22/3/2018 09:12

We're in phase 2 half way of earning the vutomi license deal for the prospectus kimberlites. Mining permits are in place.

[fenners66] 21/3/2018 22:14

"management and directors are examining certain proposals which have been presented to the Board. Over the coming months shareholders can expect regular updates on both exploration and corporate activities."


Hahaha I'm sure they will !

Modus operandi of the 162 Group has been always to look for another project to be the next big think before killing off the last one....

"certain proposals" indeed....

Is the politics of SA safe ?
There are newspapers stories of white farmers being murdered without investigation.

So where in the world could they go next ?

As for "corporate activities " do I read more dilution and fund raising?

[euclid] 21/3/2018 13:46

"Apart from ongoing exploration activity on four projects and active involvement in bringing the Maibwe situation toward a conclusion, management and directors are examining certain proposals which have been presented to the Board. Over the coming months shareholders can expect regular updates on both exploration and corporate activities."

[mickluv1] 21/3/2018 09:27

"On 11 November 2014 the Brightstone block was farmed out to BCL Investments (Proprietary) Limited, a Botswana Company, who assumed responsibility for the work programme. Botswana Diamonds will retain a 15% carried interest."I assume I am correct based on the above from the half yearly report

[lordz] 21/3/2018 08:53

Mickluv... Not sure how that will work out.

[fenners66] 21/3/2018 08:39

Total intangibles £8155k
Total Equity £8199k

Well they found a way of making the same loss per share - issue more shares.......

[mickluv1] 21/3/2018 07:56

To be honest I'm confused with the statement on brightstone as my understanding was that BCL only had a 51% if they carried out the necessary drilling and mine establishment works! Quite clearly they did not so the whole should just be returned to the existing share holders should it not? Am I incorrect in my assumption guys I'd be grateful for any feedback on the matter GLA

[lordz] 21/3/2018 07:18

Good news at maiwbe