Botswana Diamonds Share Discussion Threads

[currypasty] 02/12/2020 10:08

morning tc1, well there are large periods of time where its best just to file away, and wait.. Ive added a few this morning as I think this is great news, albeit lots of work still to do... I think that's brought my average down to about 2p now...lol

[thecynical1] 02/12/2020 10:05

Good morning! Are we about to see this explode???? Says he optimistically.....

Btw - good to see you back on here Curry!!!!!

[georgeo1] 02/12/2020 10:03

Based on diamond value back then to today's prices due to lockdown.

[currypasty] 02/12/2020 09:57

seems to be a bit of stock available now. I guess sellers have been stuck till there is a liquidity event.. like now

imo, the potential of this pipe should push us a lot higher once sellers are out

[markfrankie] 02/12/2020 09:55

Good morning

[perroverde] 02/12/2020 09:52

Talkman is correct but remember that $264m was nearly 20 years ago, prices have pretty much doubled since then...

[talkman2] 02/12/2020 09:49

$260 million over 2 years with a 4 day payback ! No wonder Teeling said it was ‘ very significant’. Current market cap around £7 million ! Go figure

[currypasty] 02/12/2020 09:44

John Teeling, chairman, commented. "Our drilling has discovered a small kimberlite pipe ("a blow") on the Thorny River project. This is very significant as the nearby Marsfontein (0.4 hectares) and Sugarbird (0.5 hectares) blows were extremely profitable diamond-producing operations


anyone know HOW profitable they were ?

[ducky fuzz] 02/12/2020 09:28

Now online 0.85p & 0.9p
Wish I had spare cash might be a fun ride for you guys & gals. DF

[talkman2] 02/12/2020 09:27

Just ticked up . Expect this to pop soon .

[currypasty] 02/12/2020 09:19

market makers keeping lid on it?

[elmfield] 02/12/2020 09:18

What is going on?A penny today?A pound by Christmas??

[talkman2] 02/12/2020 09:17

My 500,000 buy finally went through at 0.9p . Very strange market and share price response given today’s very significant news .

[ducky fuzz] 02/12/2020 09:06

T .. you can buy 500k at 0.9p (IG)
Strangely to buy 100k it's 0.925p
Go figure. DF

[perroverde] 02/12/2020 09:04

It's off the market radar. Which can be both a good and a bad thing.
I've also been trying to buy some all morning, nothing doing.
Marsfontein M1 was indeed extraordinary. So far this year we've seen the Thorny River discovery, a deal with Sekaka getting £m's worth of assets for virtually nothing, and now this. Plus huge Zimbabwe potential, Maibwe still to come, tiny overheads and no debt. All for £6m...

[talkman2] 02/12/2020 08:58

Sorry , payback after 4 days . This potentially seems a company maker to me .

[talkman2] 02/12/2020 08:57

Cant seem to buy any shares . Tried to buy 500,000 at just after 8.00am and it’s still pending! Seems to be hardly any market on the shares .

The Marfonstein figures are extraordinary . $246 million over 2 years in 2001 with a payback after 2 days ! No wonder Teeling said it was ‘ very significant’.

Can’t understand the market response .

[oldtimer169] 02/12/2020 08:51

Yes-market cap sub £6m looks too low given the upside here.IMO

[perroverde] 02/12/2020 08:28

Great news. Not sure why they used the word 'small' - the target area (0.4ha) is the same size as Marsfontein M1 which (for Talkman!) generated approx $246m (at 2001 prices so probably double today) over only 2 years and repaid all capital outlay with its first 4 days of production of 1.8m carats recovered from 1m tonnes of kimberlite, = grade of 188 carats per hundred tons of diamond.
M1 was also described as 'small' at the time...!

[georgeo1] 02/12/2020 07:58

Botswana borders also open so travelling to south Africa and Zimbabwe back now.

[georgeo1] 02/12/2020 07:57

Sounds better than just a kimberlite blow/pipe.

[talkman2] 02/12/2020 07:38

If this is confirmed massive upside from current levels in my opinion

[talkman2] 02/12/2020 07:33

This is very significant. Can somebody remind me please what was the value and profit of the Marfonstein diamond mine discovered by De Beers ?

[atlas1234] 02/12/2020 07:33

Paid capital back in ~4 days. 200 million investment from recall of jc's presentations.

[atlas1234] 02/12/2020 07:31

Excellent piece of news - beat me to it georgio. I was also scrambling for a definition of breccia, which just sounds like a fancy term for kimberlite goo.