Botswana Diamonds Share Discussion Threads

[nasarsaddique] 07/8/2020 12:41

What's with the sudden spike?

[atlas1234] 01/8/2020 15:06

The usual irritating background banter from the troll.

[emilio] 30/7/2020 17:53

FOOOKA 69 ?

[fenners66] 29/7/2020 21:04

Arkle
"Patrick Cullen, previously Chief Executive Officer, has stepped down with immediate effect. The board would like to thank him for his commitment to Arkle and wish him well for the future. John Teeling has taken the role of acting Chief Executive Officer together with his role as Non-Executive Chairman. "

"John Teeling, and Jim Finn, Finance Director, have taken control of the Company's zinc projects."

Now you might ask just how they have the time to do that . with PET CLON and BOD as well as unquoted companies to look after as well.....

or you might think, there is nothing doing elsewhere ( apart from the years of waiting) so why not fill their time a bit , maybe pay themselves some more....

[trumpingtonsmythe] 29/7/2020 12:03

Well as you look to be referring to some Chinese fertiliser company I would suggest yes. This ticker is now a diamond miner!

[demonboy] 25/7/2020 00:13

https://www.newzimbabwe.com/ngos-say-not-surprised-by-zims-eu-blacklisting-as-terrorism-pillar/

[1teemore] 22/7/2020 12:33

BOD was not on the market 20 years ago and shares were free to all AFD holders!

[trumpingtonsmythe] 21/7/2020 21:48

Well that clears that up!

[emilio] 21/7/2020 17:13

FOOOOKA 69 still have no money Lost all ya LOOOOSA

[fenners66] 21/7/2020 14:43

George when was the last time a BOD , CLON , PET or ARK made a profit on operations ?

The last 20 years have been fundraise after fundraise moving from one failed project to another.

History tells us that a new announced project either precedes (most likely ) or follows the write off of another.....

[george23666] 21/7/2020 13:59

Perroverde, yes noticed that on RNS. I'm curious to why they envisage that there will not be any profit from operations to pay for the takeover? It is not a huge amount of money and like you said in two installments.?

[fenners66] 21/7/2020 13:53

Petra's share price has risen for 2 days following this announcement...

[perroverde] 21/7/2020 13:19

In case anyone has missed this. James C on Blytheway podcast re KX36
The closing 'bullet points' at the end of the interview are particularly salient in my view:

[perroverde] 21/7/2020 13:16

George - yes but they don't have to pay the first half of the consideration until August 2021 and the balance a year later, so not a pressing issue.

[george23666] 21/7/2020 12:40

From RNS funding will be from placing of shares..is that right? This is probably why share price is not moving?

[1teemore] 21/7/2020 11:38

Mining plant is very expensive. A medium size dump truck/scoop costs close to 1m. So you do not need many pieces of equipment to be valued at millions. Crushers/screeners are equally expensive

[perroverde] 20/7/2020 20:34

Hear hear Atlas. Whatever the ‘written down’ valuation by Petra may be, any fool can see that 1) they’ve spent lierally tems of millions on kit and data collecting, amd 2) that the value of both data and especially the bulk processing plant to BOD is in turn actually multiplied many times by its potential use in developing Sunland and (hopefully soon!) Maibwe both of which are geographically virtually next-door.

[atlas1234] 20/7/2020 20:18

Well it depends on how this is all accounted for by Petra. Point is would you not think that the value of exploration data and plant would have been just slight a tad more than $600k? And there is no way a plant like that could be built for $600k, never mind $300k. So you are right about the BS.

[fenners66] 20/7/2020 19:24

atlas1234
20 Jul '20 - 16:15 - 5922 of 5924
"The plant looks like a serious piece of kit which cost a few mill to replace (maybe SRK's finest?)."

Except that Petra says that the GROSS value of assets is......

Sekaka Diamonds Gross Assets 31 December 2019 $ 0.6m

Quoting from the RNS without the speculation BS

[elmfield] 20/7/2020 16:57

A great deal,
Well done.
Not long until we become a multi mine diamond producer.

[atlas1234] 20/7/2020 16:31

There are parallels that can be drawn between karowe and kx36 in this transaction, the notable one being that both have presented economics challenges to a major. This would be the reason why it has taken so lomg to progress. There is no doubt that kx36 is a great asset, and with a lean junior mindset it could be brought to book in the same way that afd brought ak6/karowe to feasibility and ultimately develpment into a world class operation.

[atlas1234] 20/7/2020 16:15

This one clarifies payment terns. Payable in future on the basis of a royalty if anything is ever found, whilst acquisition of a plant for a bargain price of $300k is payable in 2 instalments in 2021 and 2022. The plant looks like a serious piece of kit which cost a few mill to replace (maybe SRK's finest?). BOD have done well.

[atlas1234] 20/7/2020 16:08

Good . Then go away.