Botswana Diamonds Share Discussion Threads

[799boy] 03/1/2024 17:25

Yup, high expectations into 2023 left many of us LTHs a little deflated by the end of the year.

Entering 2024 cautiously optimistic. TR license and joint venture along with an up-tick in natural, traceable diamond prices would do nicely for H1 this year.


James will deliver I’m sure.

[bigbudda] 03/1/2024 16:23

Common BOD lets have a nice run up to the AGM and news

[1teemore] 29/12/2023 16:00

I will not name them, but if you knew 10% of what you claim to know, then you would be able to answer your own question.

Happy New Year to everyone

[fenners66] 29/12/2023 13:56

go on 1teemore - name them then

[1teemore] 29/12/2023 12:27

TBTT- Agree with your comments and 162 has been mentioned on this and other JT AIM companies. I could name at least 6 very successful companies which were located at that address-one company by the way which was the 3rd or 4th largest Zn producer in the world.

[tigerbythetail] 29/12/2023 10:07

Fenners - it's just your usual nonsensical grudge against JT.
Yes, African Diamonds, headed by JC, did indeed "win the premier league". And far more recently than the 1990s. And BOD was spun out of that company when its prime asset was bought by Lucara. BOD, in essence, is a play on JC repeating that success. By and large in life, winners go on winning.
And admin costs here are remarkably reasonable for an AIM company.
FYI, the £3m written off is a non-cash item dictated by accountancy rules. I'm relaxed about that.
Finally, you seem to understand nothing about the Thorny River deal. The contract miner is bearing all costs in return for 80%-85% of the revenue (depending on stone size). So, yes, no costs to BOD bar royalties and taxes. Potentially, Thorny River can fund this company and more for years to come - especially given the obvious exploration upside (remember the two kimberlite "hits" reported 18 months ago and not yet followed up?).
All that said, it is still critical that BOD receive the delayed mining licence for Thorny River. And preferably soon.

[fenners66] 26/12/2023 21:09

TBTT - you think if they ever get any revenue going from this company they will do it without their own costs?

Look at the admin costs on just £15k of turnover !
Now spread that low estimate over many years - it would never make a profit
And you don't care the same directors/management have lost over £50m over the 20 years or so since AD ?

Its a bit like believing Leeds Utd are going to win the premier league because they did it in the 1990's - not going to happen

They have run narrative companies for more than 2 decades - if you have not followed the other companies ALL run by the same team from the same address with "shared" costs then you don't know how thin these directors spread their time; which when you compound that with spreading it all over the world , it gives every reason for them to not have enough time to make any of them a success - after all they are supposed to have families and private lives as well.


Moreover what do you make of the £3m + written off the Botswana licenses without explanation ?

[1teemore] 22/12/2023 17:51

I though fenners66 was a dead duck until she started quacking again! Ducks cannot count but they can estimate!

[tigerbythetail] 22/12/2023 16:40

Fenners - I don't mind you trolling this board - every bridge needs a troll - but get your facts straight.
1. JC and JT have a track record of success - remember BOD is the spin-off of African Diamonds, which developed the Karowe Mine (now Lucara), and which was a massive success for all who were invested in it. I don't care at all about JT's other companies and the personal grudge you evidently bear against JT.
2. Your lowball $11.2m is already clear of costs (contract miner is bearing them). Even that amount delivered over a timescale of a few years would completely change the outlook here. Of course, the true amount is likely to be much higher - midpoint prices would yield $29m to BOD. Compare to market cap here.

[fenners66] 22/12/2023 15:36

TBTT - if you take the lowest of those estimates...

The 17% of revenue you estimate pre taxes and royalties is only $11.2m
And that to be extracted over how many years ?
Take off costs and what would be left ?

Whereas no estimation is required to understand they just wrote off at the stroke of a pen
just under $4m

You may say that taking the lower end of each figure is unduly pessimistic.

I might say that taking any figure at all is unduly optimistic - I only have the last decades of BOD
reports to base that on though....

[tigerbythetail] 22/12/2023 10:40

If they can get the Thorny River licence everything will look different.
But note that I wrote "if" - it's been over a year's delay for a licence that James Campbell assured us was "easy".
Remember the value of Thorny River - you can work out the potential revenues for the latest RNS:
"I should remind you that Thorny River is estimated to contain anywhere from 1.2m - 2.1m tons of ore at an expected grade between 46 and 76 carats per hundred tons. Diamond value per carat is expected to be between US $120 and $220 per carat. The mining plan has already been prepared. Transferring from Marsfontein to Thorny River will take only a matter of weeks as it will use the same mining equipment."
As there is an existing contract miner, around 17% of these revenues would flow to BOD free of any costs (bar royalties and profit taxes). They would represent many multiples of the current market cap and would allow the company to fund extensive activities in Botswana without resorting to another ruinous placing. But, as I said, IF.
That's the gamble here.

[chapchip] 22/12/2023 09:02

doesnt look good, this seems to be a dead duck sadly

[fenners66] 20/12/2023 23:10

"The Future of Botswana Diamonds"

"We live in hope" - that given the massive losses people will continue to fund them

"does not produce revenue for many years. " - or ever ?

Look at PET CLON ARK no revenue for what 20+ years ?

BOD breaking ranks and finally getting some revenue...£15K with admin expenses of £566k... saved !
Er NOT

No detail given with these figures about directors' remuneration ....

As for the losses here - I would imagine in "investors" eyes this would seem unforgiveable but no doubt the
fanboys will give the directors an easy ride , do they care how much the company loses ?

"The Group incurred expenditure to date of GBP3,124,284 on certain licences held in Botswana. During the current year these licences lapsed and were not renewed. The directors decided to fully impair the expenditure and accordingly, an impairment charge of GBP3,124,284"

100% Write off , 100% waste of money ?

[elmfield] 20/12/2023 19:05

Fenton'shad plenty of practice, he should be a master at bashing.

[799boy] 20/12/2023 18:33

Agree 1teemore

Must be an odd type of personality to bother to post provocative bo11ocks on here just to get a rise out of genuine investors.

Only ever makes me smile. Not one to be taken seriously. Just wish their quips were a little more humorous or imaginative. I guess practice makes perfect…

[1teemore] 20/12/2023 16:41

Good to se fenners66 posting to herself!

[fenners66] 20/12/2023 13:24

Happy Xmas gamblers that must be a new all time low

[fenners66] 20/12/2023 08:00

"a 40% fall in diamond prices combined with a 30% increase in energy prices, eliminated positive cash flows for most diamond producers, so the Marsfontein operation is temporarily on care and maintenance"

"TOTAL COMPREHENSIVE INCOME FOR THE YEAR (3,381,999) ( 716,430)"

That's another £3.3million LOST

The Clontarf kennel strikes again....

So they are doing actually stuff in SA, but then say their primary focus is Botswana seems muddled especially when the non-primary focus is losing a fortune.

But they blame lack of investors... yes always someone else's fault.

[currypasty] 20/12/2023 07:19

The Future of Botswana Diamonds

We live in hope that stock market interest in diamond companies will revive. Exploration costs money and even if successful, does not produce revenue for many years. The collapse of interest by investors in the AIM market in London has hurt all explorers. In recent years the pool of new investors has shrunk dramatically meaning little exploration. Mines have finite, often short lives, so it is highly likely that a future scarcity of many minerals, including diamonds, will occur. The surviving producers should benefit.

Botswana Diamonds has a loyal but dwindling cohort of investors. We have sought to generate revenue thereby avoiding fundraising and developing late-stage projects such as Thorny River.

[slim pickings] 12/12/2023 15:02

Share price is baffling - loads of buys recently and balanced today but it's being trashed.

[slim pickings] 28/11/2023 07:32

Hi 799, yes I was, and it was all very smooth, and quick enough, IMO. It was a long time ago of course, so I don't recall all the details.LUC did very well for a while, paying regular dividends, then they dropped. I sold mine years ago.I'm expecting good value from BOD and they have plenty of prospects, but each one has risks. But it's not one for those in a rush - clearly.

[799boy] 27/11/2023 20:10

Hi Slim.

Were you invested in AFD back then? I hear of fantastic returns for those invested in AFD and wondered how it actually played out ie time taken and the messaging from JC leading up to the deal.

Looking for inspiration as been here a fair while and need some positive vibes from somewhere!

[slim pickings] 27/11/2023 15:46

Disappointing following an unusually quiet period from James, with the only news being his many conference presentations.To me it looks like it's been deliberate - i.e. allow the share price to drift lower and let some favoured investors jump on board at bargain prices.It's not a material number of shares fortunately and the cash will hopefully result in further progress. And now the deal is done, the regular news flow can resume.I still think James will pull it off - I have residual faith from the AFD/Lucara days.

[oxford43] 27/11/2023 14:56

Lowest share price for years and lack of any proper news very disappointing. Hopefully Campbell delivers on his many upbeat statements