Botswana Diamonds Share Discussion Threads

[atlas1234] 17/11/2020 15:27

The troll is out again with a spectacular non comprehension of the diamond exploration business. Best ignored in what is a personal vendetta against jt and the board.

[elmfield] 17/11/2020 13:03

Ignore Fenton,
It just hates Teeling.

[perroverde] 17/11/2020 12:06

You're right about Petra Fenners - but it had burdened itself with massive debt which it couldn't service when the market turned down. It is in the middle of on-going restructuring of a huge chunk ($300m+ of a total of $600m+) of the debt into equity whereby equity holders are going to be diluted almost into oblivion (though in fairness it's better for them than the alternative). Their situation is incomparable to anything BOD needs to do or raise to get any of its projects into production, which would likely be project-based and very small in comparison.

[holdingtight] 17/11/2020 10:26

The diamond market is showing signs of recovery. Like much in life, it'll come down to timing - when fund raising is required, the market is likely to be much improved - imo

[fenners66] 17/11/2020 09:36

One of the best diamond co's in the world just announced its results

Petra Diamonds Limited announces its final results (audited) for the year ended
30 June 2020

Net loss after tax of US$223.0 million

Revenue down 36%
Adjusted EBITDA down 58%
Operational cash outflow of US$12.3 million
prices were still down around 10% in comparison to pre-COVID-19 levels.


Not that a real life diamond producer has anything to do with BOD - but that is the backdrop to the funding requests that (whether they find anything or not) are inevitable for BOD.

[oldtimer169] 17/11/2020 08:29

atlas
I endorse your views-time will tell and not long to wait now,DYOR

[atlas1234] 17/11/2020 04:42

It is the best diamond exploration play in the game. There is nothing that comes close to their portfolio - the probability is weighing towards striking something big.

[georgeo1] 16/11/2020 19:14

Were we shareholders expecting a return of new shares of the newly formed company once we get started in zimbawe.

[jayfella72] 16/11/2020 18:24

"Applied for our own kimberlite concessions in the North West of the county" Zimbabwe. Page 10.https://twitter.com/BotswanaDiamond/status/1327205213875408897?s=19

[elmfield] 16/11/2020 17:39

I see James ready to drill,
Should see picture of rig anytime,
Then bit into the ground,
Then pictures of core,
Then ........
Happy days all round.

[elmfield] 16/11/2020 17:37

Er correction,
WE could own a mine.......!
😂

[holdingtight] 16/11/2020 17:10

Good summary georgeo - it's a little cracker this one.

[georgeo1] 16/11/2020 16:51

Yes just imagine that AK6 was sold off cheap not realising the value it could have held. Back then AFD did not have subterrane with their magic. Now I'm thinking they could make not 20 times the investment but more, that was a long time ago. Considering that they still have 1. Thorny 2. Marsfontein 3. Maiwbe 4. Kalahari 5. KX36 6. Marange 7. Brownfield not to mention the smaller licences. Just incredible achievement this time round and JT and JC could actually own a mine like karowe. ( their previous AK6 when AFD).

[jayfella72] 16/11/2020 16:21

https://www.miningreview.com/diamonds-gems/botswana-diamonds-nears-completion-of-sekaka-acquisition/

[holdingtight] 16/11/2020 16:17

It's certainly looking like they're going to do it again. Perhaps they'll keep it longer and extract greater value this time (although Lucara was a fun ride).

[georgeo1] 16/11/2020 15:40

They can do it they have the latest tech onboard compared to when AK6 was found.

[holdingtight] 16/11/2020 15:38

6 months ago with the diamond market in the mire, this was looking like the least exciting of my holdings, it's now looking like the most exciting.

[georgeo1] 16/11/2020 15:13

Gope not hope.

[georgeo1] 16/11/2020 15:13

Now they have that approved, time for maibwe licences in the kalahari hope to be done.

[georgeo1] 16/11/2020 15:05

Sekaka also holds a recently constructed, fit-for-purpose bulk sampling plant on site. The sampling plant includes crushing, scrubbing, dense media separation circuits and x-ray recovery modules within a secured area.Just the processing equipment alone is worth more than the deal of KX36 jmo.

[atlas1234] 16/11/2020 08:02

Games on - let them begin.

[atlas1234] 16/11/2020 08:01

https://www.londonstockexchange.com/news-article/BOD/acquisition-of-sekaka-diamonds/14756325

[georgeo1] 16/11/2020 07:59

Let's get the party started.

[georgeo1] 16/11/2020 07:58

JC going bananas on Twitter. So excited from the authorities.