Botswana Diamonds Share Discussion Threads

[chapchip] 25/10/2016 17:38

"I wonder what are diplomatic relations are like between Teeling and Lucara? LUC must have processing facilities in country......"

TC - I would say they none too harmonious.......rightly so JT probably feels like he sat upon a rather large cactus, LUC got an absolute steel in nabbing AK6.

If it had remained in AFD's hands I wouldn t mind betting the share price could well have been north of £10 now.......credit crunch ruined funding

[thecynical1] 25/10/2016 17:35

where is here?

[dmelon] 25/10/2016 17:24

Half term holidays here. Quiet ssshhhhhh.

[mickluv1] 25/10/2016 15:58

I would have thought the volume would be a lot higher today!

[euclid] 25/10/2016 15:06

I shouldn't think there is much of a statistical meaning at all, other than it is the best diamond indicator mineral of course.

However if we want to be silly about it we could make the following calculation:-

A 1mm stone is about 0.01 carat.
It came from a 20kg sample.

In 100 tons there are 100,000 kg, so 100 tons would yield 100,000/20 = 5000 samples of that size.

If each had 0.01ct in it that would be 5000 x 0.01 = 50cpht.

[thecynical1] 25/10/2016 14:47

leedskier.....I suppose it depends on whether the sample is deemed big enough to be statistically representative....?

[thecynical1] 25/10/2016 14:45

I wonder what are diplomatic relations are like between Teeling and Lucara? LUC must have processing facilities in country......

[leedskier] 25/10/2016 14:34

Amazing that. Makes one wonder about previous tests.

What is more relevant is what is the statistical probability of only one tiny diamond being found in a kimberlite pipe?

As I understand it from wikipedia kimberlite pipes are the source of most of the world's commercial diamond production, and also contain other precious gemstones and semi-precious stones, such as garnets, spinels, and peridot.

[euclid] 25/10/2016 14:30

It was explained in an RNS last month.

"We are drilling two holes on AK 22, a known kimberlite containing diamonds. We had expected to have the results from a bulk sample of 80 tons of materials on an adjacent pipe AK 21 but lack of processing capacity in Botswana and issues with a facility in South Africa have to date produced inconclusive results. We are having to re-examine the concentrate as well as analyse fresh core from earlier drillings. "

[thecynical1] 25/10/2016 14:11

what kind of lab did they engage to do the initial testing? something in someone's shed?

[mickluv1] 25/10/2016 11:52

Euclid today's news is very reassuring! I agree with your comments on Brightstone but it should be a good day for us today with day dreams of another AFD! GLA

[euclid] 25/10/2016 11:48

The trouble with Maibwe (Brightstone) is that BOD are not in control of when news is released. Notwithsatnding today's news about AK21/22, I still think Maibwe could be a huge plus.

[euclid] 25/10/2016 11:39

A good start.

[mickluv1] 25/10/2016 11:30

Whoop whoop!!! Boom!!!

[peterz] 24/10/2016 10:55

Fingers crossed...

[mickluv1] 24/10/2016 10:53

The Brightstone results have to be due anytime now!.................

[peterz] 24/10/2016 10:50

Bit of interest today!!

[thecynical1] 23/10/2016 21:31

some posters on here obviously don't know the AFD story???

[mickluv1] 20/10/2016 16:35

Good luck elmfield, it's not a long wait and hopefully we'll get some good news from the other 3 drills along the way, interesting times ahead of you ask me........

[elmfield] 20/10/2016 15:40

This is the hole I am waiting for,
12 weeks to go.

[mickluv1] 20/10/2016 09:23

Chap it can't tumble much further as there will be a cash call in March to continue drilling on other licenses if we are unsuccessful on the 4 current operations! I'm assuming they will need a plus 1p price for this to be worth while? Still lots to play for and I am an optimist so let's see GL

[mickluv1] 20/10/2016 09:18

DMelon I guess that was a Freudian Slip :-) I hoping for exploration though :-)

[chapchip] 20/10/2016 08:21

Mickluv...its only worth topping up if anything comes of these 4 sets of results.............

it hasn t really got far it can tumble in all fairness.

very happy to be wrong