Botswana Diamonds Share Discussion Threads

[fenners66] 31/7/2018 14:07

From the 2017 Final accounts

"We are delighted that James Campbell joined us as Managing Director in December 2016. He brings knowledge, experience, contacts and energy to the Company."

"In joining BOD he brought with him the Vutomi projects"

"In February 2017, BOD entered into an Option and Earn In Agreement with Vutomi Mining Pty Ltd, a private diamond exploration and development firm in South Africa."

"Botswana Diamonds has agreed to pay Vutomi a total of £942,000 in cash, of which £581,000 will be used to fund exploration activities. In addition, the Company will issue 100 million ordinary shares of 0.25p each (“Ordinary Shares”) to Vutomi shareholders."

"The Agreement will be executed in three Phases after which the Company will own 72% of Vutomi. The remaining 28% will continue to be held by Vutomi's Black Economic Empowerment (‘BEE’) partners. At any point the Agreement will lapse it the Company does not exercise its option regarding a specific Phase."



So what are the "specific phases"
What happens when some of the rights are in dispute ?
Could that lead to a lapse in the agreement ?

From the Risks section

"Risk
Nature of risk and mitigation
Licence obligations
Operations must be carried out in accordance with the terms of each licence agreed with the relevant
ministry for natural resources in the host country. Typically, the law provides that operations may be
suspended, amended or terminated if a contractor fails to comply with its obligations under such
licences or fails to make timely payments of relevant levies and taxes"

We know the BEE is a share holder in Vutomi - who else is /was ?

It insinuates "brought with him the Vutomi projects" that he could have been a shareholder - does it say in the accounts - I have not found it either way ?

[fiachra] 31/7/2018 13:55

Fennor. Implied

[fenners66] 31/7/2018 13:36

"in the Limpopo Province, approximately 50km North of Petra's Cullinan diamond mine"


Every time trying to gain some credibility by association.....
At least this time they added the approx 50km instead of inferring that its next door.


Just to put that in perspective ....Its like trying to associate the distance from the Blue John Mine in Derbyshire to the centre of Manchester but actually its another 18 Km further.

And no one expects to find Blue John stone in Manchester huh?

Just smacks of the inadequacy of trying to state a prospect on its own merits....

[fenners66] 31/7/2018 13:28

Who would have thought this....

"Mooikloof Kimberlite Pipe

A group of South African businessmen have emerged claiming to hold a valid Mining Permit (as opposed to a Mining License which permit greater rights of tenor) over a portion of the Company's fully notarised and registered Prospecting Right area. A Mining Permit is a short-term licence designed for small scale typically alluvial mining over very small areas up to 5 hectares. South African legislation does not allow for overlapping rights."

A Clontarf kennel company involved in a fight over exploration rights ?
Where have we heard that before ?


Iraq, Peru, Ghana etc etc.

Wow I mean how unlucky can one MD be ?

Or is it just that they always get seen coming ?

Here buy these rights they will be worth a fortune.......... if you ever sort out the disputes ..... and if you ever find anything.........

[lordz] 31/7/2018 07:48

Good news Currypasty

[mickluv1] 30/7/2018 20:32

www.google.co.uk/amp/www.proactiveinvestors.co.uk/companies/amp/media_files/9966

[lordz] 30/7/2018 20:19

Vast BB board seems to be alive with news imminent soon.

[firmor] 30/7/2018 16:43

The latest
James Campbell interview on proactive investor on stocktube .it sound like we will get an update soon on the freestate prospects

[pjl4] 21/7/2018 08:12

One of best addresses ect ect yes we have heard.....what we want now is..

[fenners66] 18/7/2018 10:10

Diamonds are made of pure carbon and formed under immense heat and pressure over many millions of years.

The ultra-deep cache is scattered throughout the cratonic roots, which make up around two per cent of the ancient rock formations.

Based on the enormous size of these rock formations, there could be up to a quadrillion (10^6) tons of diamond residing there, 90 to 150 miles below the surface

no doubt after reading this latest science based upon listening to sound waves from earthquakes someone will come up with an idea of how "new drilling technology" will yield the haul !!


Now who could use a story like that ?


Of course the article I read says that at 100 miles + down they are impossible to get to !

[lordz] 17/7/2018 16:56

BOD PL is not too far away from tsodilo site in Orapa.

[firmor] 17/7/2018 16:27

LORDZ
Looks like James Campbell is talking to the Germany on their new technology in drilling
Less breakage in diamond recovery could be used in upcoming drilling .on a number of projects.i would think we will get update on thorny river soon and mooikloof progress.an for Zimbabwe i think could be a while 51% free carry is a lot .i would think Bod and vast are talking to the government to reduced that for better working terms .still waiting for prospectus on BCL maibwe

[lordz] 16/7/2018 12:32

Mickluv1...From the site you post. Botswana Diamonds' Campbell on Zim jaunt: We are interested in Kaapvaal Craton09 july 2018Exclusive?Botswana Diamonds and Vast Resources, recently signed a memorandum of understanding to prospect for diamonds in Zimbabwe.The two companies will exchange information derived from past exploration on areas prospective for diamonds in the southern African country and establish a special purpose vehicle, to be jointly owned by each company, for the purpose of developing and exploiting diamond resources.Rough & Polished's Mathew Nyaungwa spoke with Botswana Diamonds managing director James Campbell on the sidelines of a mining conference recently held in Gaborone, Botswana, to establish what pushed the diamond junior to get into Zimbabwe.Campbell also commented on the prospecting licence awarded to Botswana Diamonds in South Africa and their joint venture project with Alrosa in Botswana.Below are excerpts from the interview.Why is Botswana Diamonds interested in Zimbabwe?Botswana Diamonds is interested in the Kaapvaal Craton, which we believe to be the most prospective diamond destination in the world. The Kaapvaal Craton straddles South Africa, Botswana and Zimbabwe. We are obviously very active in Botswana as the name goes and we are also active in South Africa. We believe Zimbabwe is gradually opening for business, so we are putting a toe in the water through our joint venture with Vast Resources.Why did you select Vast Resources or why did they select Botswana Diamonds?Vast Resources originates from the company called African Consolidated Resources (ACR), which discovered the Marange diamond fields and they wished to partner with somebody who has the expertise and knowledge to develop diamond potential in Zimbabwe and they selected Botswana Diamonds because they believe that we have the skills, knowledge and ability to do this.You are said to have acquired Zimbabwe's diamond database (interrupted)No, we have a long history of working in Zimbabwe, myself I worked for De Beers in Zimbabwe for a time and my [chairperson] Dr John Teeling has had a number of companies in Zimbabwe, including a company called Zambezi Gold plc. So, the group, the 162 Group, has a long history of working in Zimbabwe too. So collectively we have the knowledge and now the networks and contacts to be able to pursue diamond opportunities in Zimbabwe.What have you done so far together with Vast Resources in Zimbabwe?All we have done is that we have engaged in terms of our potential targets and they have people on the ground going to look at them right now.So, apart from the Marange deposit, of course that everybody knows about, what else (interrupted)Well there is also one mustn't forget about, the River Ranch diamond mine, which is just across the border from Venetia in South Africa, not too far away from our Mooikloof prospect and then of course Murowa diamond mine [previously-owned] by Rio Tinto. So, in the area around, Murowa and River Ranch there a number of well-known kimberlites, which have had work done on them, but that work was done many, many years ago by operators such as De Beers and others. With the advent of the newer forms of technology, it's now worthwhile going back to look at some of these kimberlites.The issue of political instability was previously cited by a number of investors that were interested in Zimbabwe. What is your comment on that?We are a junior explorer and we don't have opinions on politics, but we believe that Zimbabwe is opening up for business and so like De Beers who have also made some positive announcements, as has Alrosa about going to start to do work in Zimbabwe.What is your opinion on the 51/49 threshold that is still applicable to the diamond and platinum sectors?The diamond deposits there would have to be highly commercial to work under that kind of fiscal environment, but I would hope in the fullness of time that may change and basically open up the country more to exploration, because clearly when you have such a high government free carries, those projects have to be so significant to work and maybe the government will relent over time, which means other diamond projects could still become commercial.What will be an ideal set up for you in terms of equity structure?I think the fiscal environment for diamonds in Botswana government is one of the best. They encourage investment, there is no legislated view on equity or any other such demand. Of course, though they have the 10% royalty, which can be a negative for marginal projects.Let's talk about the prospecting licence recently awarded to Botswana Diamonds for the 2.5 ha Mooikloof diamondiferous kimberlite pipe concession, in South Africa (interrupted)Yes!What are your plans going forward?...the last known work in Mooikloof was done in the mid-1980s and that was done by my team when I worked for De Beers. So, if you go onto Google and have a look at what is available is that De Beers discovered in 1986 or thereabouts. We do know The Oaks which was discovered again by my team at around the same time was a diamond mine and Mooikloof has been through a number of different Prospecting Licence holders, none of which has actually published any information, but we do know it carries diamonds and so this looking through the lens of new technology, makes it an exciting prospect.Are you on course to commence drilling in the second half of the year with Alrosa in Botswana?We have identified a number of high grade geophysical anomalies and, have just completed a sampling programme over these anomalies and if that sampling programme produces kimberlitic indicators on top of the anomalies then that this will create drilling targets for the second half of the year, but we haven't yet received the results, nor have we released the results to the market yet.Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

[mickluv1] 16/7/2018 12:20

www.rough-polished.com/en/exclusive/111032.html

[fenners66] 16/7/2018 11:46

"lordz
12 Jul '18 - 18:11 - 3868 of 3870

Firmor.. Looks like BOD are going to recover huge quality diamonds with lDD tech from germany."

Nothing in the RNS mentions huge quality diamonds....

Looks like you are down to desperate ramping since the share price is near rock bottom more like !

[lordz] 16/7/2018 11:33

https://www.google.co.uk/amp/www.proactiveinvestors.co.uk/companies/amp/news/123906https://born2invest.com/articles/lucapa-diamond-3rd-high-carat-diamond/Just need to find out how close is BOD to the Lucapa diamond mining site to the kimberlite pipes.

[lordz] 15/7/2018 18:24

Thorny river project with the vutomi earn in , should be at the inferred stage by now considering the raising of funds last year.

[lordz] 12/7/2018 18:11

Firmor.. Looks like BOD are going to recover huge quality diamonds with lDD tech from germany.

[firmor] 11/7/2018 10:30

Update this morning on sunland JV Botswana .looks postive .more news to follow

[lordz] 07/7/2018 19:12

Freestate, Thorny River and the Maibwe prospectus should be completed by mid 2018. So expect news on that coming soon and other news maybe on JV with Vast Resources.

[firmor] 07/7/2018 12:01

I would think we should get an update soon on progress and hopefully prospectus report will be released soon

[markfrankie] 06/7/2018 18:48

lordz, thank you.
nice to see articles on company's WE HAVE LINKS WITH.