Botswana Diamonds Share Discussion Threads

[bookwormrobert] 10/10/2018 17:26

Well, if you can't be bothered to do the research...
I'm not 100% sure that the Vast / BOD / Red Mercury deal for part of the Marange diamond fields will go through in the next month. But there must be a better than even chance that it does. And if it does, then BOD will be mining one of the world's richest resources within a few months, and taking 10% of the profits.
If that's not good enough for you, then I'm sorry, I can't help you!

[bookwormrobert] 10/10/2018 16:02

Vast just received a long awaited licence that gives them the right to mine polymetallics at Baita Plai ($100m NPV, $15m free cash flow p.a. generation) in Romania. It transforms the company - especially the Romanian operations.
It's strange to see BOD down again today - there's a mining conference on right now Zimbabwe at which the President is expected to announce a new platinum and diamond policy for the country. IMO, this is all leading up to very big news for BOD and VAST re: the Heritage Concession at Marange.

[fenners66] 10/10/2018 15:57

BOD down another 10%

[ein4] 10/10/2018 15:46

Vast up 15 per cent?

[leader11] 10/10/2018 15:28

This is going nowhere unless they actually get commercial mining

[harrissen] 10/10/2018 09:33

Botswana Diamonds, ('BOD') the AIM and BSE listed explorer, is pleased to announce that it has concluded an agreement with Vast Resources plc ('Vast') the AIM listed mining and resource development company, for the development of their concessions in the prolific Marange Diamond Fields ('MDF') of eastern Zimbabwe. A separate agreement will cover the joint development of diamond properties outside of the MDF, which will be a straightforward 50/50 joint venture, though the initial focus of our joint work is on the MDF

"A special purpose vehicle/entity is a subsidiary company with an asset/liability structure and legal status that makes its obligations secure, even if the parent company goes bankrupt"

[markfrankie] 08/10/2018 15:36

fenners is this ant yours?
hxxps://youtu.be/jLLW7s2R4Ss

[leader11] 06/10/2018 17:51

There have been a lot of political uncertainty in the past few fews and recently around the Marange Diamond Fields. I regards of contracts and illegal mining of diamonds from foreign investors into regards of ACR and dodgy De Beers.

[bookwormrobert] 06/10/2018 14:43

Hi Leader!
Finally, it looks like the local community trust (Red Mercury) will get 25% of the profits form the Heritage Concession, Vast will get 65% (86.67% x 75%), and BOD will get 10% (13.33% x 75%). (This depends on the expected upcoming changes to diamond mining laws in Zimbabwe).
Assuming this deal goes ahead, and that the 15km2 Heritage Concession is indeed an extension of the existing Marange alluvial diamond fields, as trailed, then even 10% of the whole will be worth many times BOD's current mcap.
I'm surprised by the lack of market reaction to these developments. At least, so far. If and when the discovery of diamonds is confirmed, this could become explosive.

[leader11] 06/10/2018 12:41

The SPV will be 86.67% owned by Vast, with BOD's shareholding in the entity set to be around 13.33%.WHY .13.33Unless outside of marange could be a possibility of a even higher percentage for Bod. It could be lead by James Campbell. An area already discovered by their team of geologists. But that wouldn't justify the fifty fifty split.

[leader11] 04/10/2018 19:34

https://uk.webfg.com/news/aim-bulletin/botswana-diamonds--3521625.html

[harrissen] 04/10/2018 19:01

Leader11
4 Oct '18 - 12:54 - 4014 of 4021
0   0  0

Flog it to who ...VAST already has over 80 percent..

………;……̷0;……R30;……230;………………………..

In the greater scheme of things both companies are tiddlers and would sell at the drop of a hat if they got a good offer!

[jayfella72] 04/10/2018 15:59

Interesting read on Zimbabwe geology published August 2017 by a senior geologist. P33 is particularly interesting.https://www.google.co.uk/url?sa=t&source=web&rct=j&url=https://www.saimm.co.za/images/eventgalleries/Zim_2017/E%2520T%2520Mugandani.pdf&ved=2ahUKEwio4c3Lhe3dAhXiDsAKHbl7CBIQFjAAegQIABAB&usg=AOvVaw04KsLMw2rqT5Sa7AiW7EhI

[fenners66] 04/10/2018 15:02

a desktop review of what - the biscuit tin ?

[leader11] 04/10/2018 14:56

The first step in the due diligence on the Heritage Concession is a desktop review and this is far advanced and the results of this will be announced in due course.

[leader11] 04/10/2018 14:40

A separate agreement will be concluded with Botswana in due course (as announced on 1 May 2018) for the joint development of diamond properties outside the Marange Diamond Fields, which is envisaged to be a 50/50 joint venture, though the initial focus of work will be on the Marange Diamond Fields.Already ahead of pace. More the better let's see if its a huge one.

[leader11] 04/10/2018 14:33

To me that's a high value region of minerals of sorts something more than diamonds.

[leader11] 04/10/2018 14:32

There's also a strong presence with the Chinese miners. In Zimbabwe close to marange fields they have set up perimeters high fences airlanding strips also rumours of surface to surface missiles. With the Zimbabwe gov already patrolling areas with drones to catch looters.

[leader11] 04/10/2018 12:54

Flog it to who ...VAST already has over 80 percent..

[ein4] 04/10/2018 12:05

Harrissan, beg to differ there, I bough A F D at around 7 p and sold at 1.62. Also have done well out of Petrel, Connamara and African Gold, trick is never be to greedy, I learnt that the hard way?
Good luck

[ein4] 04/10/2018 11:32

Looks good to me, plenty of excitement to come? The risk of not making money here is getting less and less, in my opinion?