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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Brazilian | BDY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.45 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.45 | 0.45 |
| Top Posts |
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Posted at 12/8/2008 10:01 by cass50 RNS...Name change of "Brazilian Diamonds" to "Brazilian Cancer". After much in-depth discussion by the board it was decided to rename the company to comparably reflect a more accurate description to shareholders as to the long term effects of being a BDY investor. Chairman Ken Judge summed it all up when he said that the company has been in a painfully long term irreversable decline, now boardering on the "terminal", which is guaranteed to have a seriously detrimental affect on investor wealth. The company will be looking around at some time in the future for further funding in the hope that additional people can also share in the misery of existing shareholders...and also due to the recent rise in oil prices, the recently gifted 1.3 mio quid has been found to be insufficient to cover the running costs of the "company" helicopter, lear-jet, ferrari.. and champagne...which of course are essential executive tools for diamond exploration...especi |
Posted at 21/7/2008 11:21 by cass50 Should we as investors now take heart as we are near the bottom (the bottom being 0pps), ergo can't go any lower? The share price action suggests that Ken and the gang must be squandering their recently gifted 1.3 mio pocket money faster than expected. Lets hope some of it (on the off-chance) is used to enhance shareholder value. Any guesses where the next fund-raiser will be priced ? |
Posted at 13/5/2008 19:35 by cass50 YAWN...............S |
Posted at 16/8/2007 11:57 by cass50 BDY directors enjoy paying themselves fees, costs ,rents, services etc. via 3rd party "vehicles" in which they have an interest. I wonder how much longer BDY can continue to "tap" the market for cash without producing any revenue ??Related Party Transactions During the six months ended June 30, 2007, the Company entered into the following transactions with related parties: a) The Company paid or accrued for corporate administrative fees which includes office administration and corporate secretarial services, accounting, investor relations, chief financial officer, rent and other office expenses at cost of $105,000 (2006 - $91,000) to HRG Management Ltd. ("HRG"). The Company received or accrued miscellaneous office recoveries of $12,000 (2006 - $33,000) from HRG. HRG is a captive management company jointly owned by the Company and certain other companies that share the Vancouver office and staff on a cost recovery basis. Kenneth P. Judge and Stephen L. Fabian are common directors of the Company and HRG. b) Received or accrued office rent recoveries of $Nil (2006 - $61,000) from HRG. Received or accrued office rent recoveries of $Nil (2006 - $8,000) companies with common directors of the Company. c) Paid or accrued consulting fees for technical services and rent in the amount of $98,000 (2006 - $226,000) to Hamilton Capital Partners Limited, a company in which Kenneth P. Judge is a director. d) Paid or accrued management fees of $68,000 (2006 - $68,000) to Massif Limited ("Massif"), a company in which Stephen L. Fabian has an interest. e) Paid or accrued professional fees of $3,000 (2006 - $10,000) to a law firm in which David Cowan is a partner. f) Paid or accrued corporate admin fees of $Nil (2006 - $79,000) to RWA Management Limited, a company controlled by a former officer of the Company. g) Accrued or recovered office and technical costs of $25,000 (2006 - $68,000) from Hidefield Gold PLC ("HIF") have been capitalized to mineral properties. Kenneth P. Judge and Francis Johnstone are also directors of HIF. |
Posted at 11/7/2007 10:19 by wassapper Comment from Fox-Davies in their Daily Monitor which you can find at Brazilian Diamonds (BDY LN, 9.4p, unchanged) announced that replication sampling of the Salvador 1 kimberlite prior to the commencement of bulk sampling operations has returned significant diamond counts. Preliminary results from the processing of three samples each weighing one tonne have yielded a total of 54 diamonds. These samples were recently collected from the upper part of the Salvador 1 kimberlite with the intention of replicating results from an initial 580kg samples collected by the company in late 2006, which yielded nine diamonds including the largest weighing 0.52 carats. This sampling followed careful removal of the overlying alluvial deposits and the new samples were then recovered at depths of between 0.5m and 1.5m beneath the surface of the kimberlite. |
Posted at 21/4/2006 18:32 by dogberry202000 Lol!They'll pick up soon and when they do they'll rise quickly. This company has long had the potential to be a 10-40 bagger. At least that's what some signficant investors think on other boards. |
Posted at 03/10/2005 16:49 by burbelly Having met JP from HIF I'd be very surprised Airy if your theory is right. I am however not an investor in BDY |
Posted at 08/3/2005 22:34 by ianwc Brokers CrumbsDate: March 09, 2005 Westhouse Reckons that Drilling By Brazilian Diamonds On Kimberlite Targets Could Produce Exciting Results This Year. Robyn Storer, mining consultant at Westhouse Securities, has produced a very comprehensive review of Brazilian Diamonds. The recommendation is BUY which is understandable as Westhouse Securities acts as financial adviser and broker to the company, but the review is worth reading by anyone interested in diamond exploration, particularly in Brazil. The focus of this company is exploration for the source rocks of the alluvial diamond deposits in Minas Gerais. Brazilian Diamonds has a dominant position in this diamond rich province, holding around 90 per cnet of all prospective ground which includes more than 140 kimberlites and kimberlitic occurrences. Last year Brazilian Diamonds acquired an entire diamond exploration database covering the Serra da Canastra region of Brazil from De Beers . The price was paid in shares so De Beers now has a 3 per cent holding in the company and has an option to take it up to 5 per cent. Sufficient for the diamond giant to take a constructive interest in Brazilian Diamonds, but not enough for it to start getting bossy. Nor does it give De Beers any right to market subsequent production of diamonds. The Serra da Canastra database covers approximately 460,000 hectares centred around the Brazilian Diamonds' diamondiferous Canastra 1 kimberlite. It represents the accumulated results of more than 30 years of exploration by De Beers in the area and will accelerate the company's exploration efforts significantly. De Beers is also providing details about 35 known kimberlite occurrences and the results of ground geophysics within the region. This database complements a significant one already acquired by Brazilian Diamonds when it bought De Beers' Brazilian subsidiary Mineração do Sul a couple of years ago. That acquisition also included 40,000 hectares of mineral claims in the area and the Canastra 1 kimberlite for which licenses are being sought to commence trial mining. Unfortunately there have been delays in obtaining these licences from the Brazilian Government as it is deliberating on the area of influence surrounding the nearby National Park. The brokers remain confident that there will be a happy outcome to this and that development and exploration will proceed on Canastra 8 as well. In fact they go as far as to predict that Canastra 1 could become Brazil's first kimberlite diamond mine. They also think that a major diamondiferous kimberlite may be found on the San Antonio project. The target for this has been narrowed down to a small area in the San Antonio basin by an extensive indicator mineral sampling programme and it seems quite possible that any kimberlites found in this area could be the source of alluvial diamonds in the basin. A feasibility study for large scale alluvial diamond mining on the property is also underway and this is financed by the company's joint venture partners, CODEMIG and Rio Novo Mining. CODEMIG is the state owned mining development organisation and Rio Novo is a wholly owned subsidiary of Andrade Gutierrez, one of Brazil's largest civil engineering firms, so the company moves in the right circles. If this feasibility study proves positive Westhouse reckons that alluvial diamond mining could contribute C$3.5 million/year to cash flow starting in 2007. Brazilian Diamonds has quite a record for acquiring useful databases as it obtained data and licenses covering the Santo Antonio do Bonito drainage through the purchase of Cobre Sul from South Atlantic Resources in 2002 and data and licenses in the Abaeté drainage acquired with the purchase of Canabrava's subsidiary Parima in 2003. The data set for the Abaeté drainage includes data accumulated by Teck Cominco and Canabrava over more than 10 years of exploration activity. Drilling is currently underway at the Tucano kimberlite project which is less than an hour's drive from the company's mineral processing laboratory at Patos de Minas. The first drill hole intersected kimberlite material only 2 kms below surface and abundant kimberlitic garnets, chromites and chrome disposides have been reported in dark green weathered kimberlite core. In January Brazilian Diamonds reported microdiamonds in two phases of kimberlite in the first drillhole. Two more holes have been drilled to the north and south of this hole , but they have yet to be tested for microdiamonds. Investors should keep a sharp eye out for these results. |
Posted at 03/2/2005 13:35 by rambutan2 from the dmnd thread..energyi - 3 Feb'05 - 08:03 - 37 of 40 good news out on FDI this morning. in case you missed this on BDY... Brazilian Diamonds finds Brazilian hope 2005-02-02 15:19 ET - Street Wire ... by Will Purcell Kenneth Judge and Stephen Fabian's Brazilian Diamonds Ltd. has some intriguing diamond counts from its Tucano-1 kimberlite in Brazil. The company has several gem prospects in the country, including the Canastra-1 pipe that produced an intriguing diamond grade and value when De Beers worked the project several years earlier. Canastra and Santo Antonio do Bonito are still priorities for the company, but the Tucano result offers hope for the new project as well. The Tucano counts Brazilian Diamonds drilled its first Tucano target late last year, intersecting weathered kimberlite just below the surface. The company sent about 67 kilograms of rock back to Canada for microdiamond recovery, and the material delivered 182 microdiamonds. That worked out to about 2,700 stones per tonne. That is often enough to attract the market's notice, although it usually takes toutable numbers of larger diamonds to truly wow speculators. The Tucano-1 body did not appear to have a favourable diamond size distribution, but investors were in a buying mood nevertheless, as the company's shares jumped 14 cents on the news, hitting an intraday high of 64 cents. Most of the Tucano diamonds were tiny, falling through a 0.106-millimetre screen, which is the minimum cut-off used by many explorers. Only 76 stones were large enough to sit on that sieve and just one of the diamonds clung to a 0.30-millimetre mesh. That proportion works out to about 1.3 per cent, which is at least an order of magnitude smaller than what many intriguing Canadian deposits delivered over the past few years. Another clear sign of the modest size distribution at Tucano-1 is the weight of the microdiamond parcel. The 182 stones weighed a cumulative 0.00287 carat, which suggests a microdiamond grade of about 0.04 carat per tonne. Based on the rapid decline in diamond counts in the larger sieve sizes and the modest weight, the prospects at Tucano-1 seem dim. The encouragement The results nevertheless offer encouragement for Brazilian Diamonds that extends beyond the possibilities of that first find. The company's consultant, Dr. Harrison Cookenboo, said that Tucano-1 was intriguing, but it was not the company's top priority. There are some other targets in the region that the company thinks have better prospects. "Tucano-1 was the one that was farthest along and the best for drilling," Dr. Cookenboo said. The initial interest in the Tucano area stems from some promising mineral chemistry. Dr. Cookenboo said that Brazilian Diamonds had come up with garnet chemistry that he thought was pretty good, as were the results of analysis of the chromites and other indicators. "The signature is characteristic for this part of Brazil," Dr. Cookenboo said, adding that he believed it pointed to diamond-bearing sources. At least part of that belief stems from the results at Canastra-1, which delivered comparable mineral chemistry. That gave Brazilian Diamonds high hopes for its Tucano play going into the current drill program. The counts now add to its hope. Dr. Cookenboo said that it was a good sign for the project that the Tucano-1 target was a kimberlite, and the fact that it kicked out some good microdiamond tallies added encouragement for other targets in the area. "It is not so much this one, but what it suggests the others should have," Dr. Cookenboo said. Dr. Cookenboo stated that there were two other magnetic anomalies within about 500 metres of Tucano-1, lying in two different directions. Those targets are now priorities for Brazilian Diamonds. He added that the company had already drilled an auger hole into one of the features. That hole intersected rock that appears to be weathered kimberlite, at a depth of eight metres, although a formal determination has not yet been made. The confirmation of a second Tucano kimberlite would improve expectations that Brazilian Diamonds has a cluster of pipes on its project. That would bode well for the project beyond the current crop of geophysical anomalies, as the company has not yet found what could eventually be the most intriguing features in the area. Dr. Cookenboo said that the microdiamond haul was promising as the company had come up with superior mineral chemistry elsewhere on the project. Finding drillable targets that could be the source of that mineral promise will also be a key part of the Tucano play over the next year. Although it is the potential of the play that Brazilian Diamonds finds most intriguing, Dr. Cookenboo is not ready to write off Tucano-1 as uneconomic. "We would have preferred to see some bigger diamonds," he said, but added that it was possible that the kimberlite could support a modest population of macrodiamonds. Even if Tucano-1 does host limited numbers of commercial diamonds, it would be a pleasant surprise if the grade was sufficient to support a mine. Still, Dr. Cookenboo held out a ray of hope. He said that the discovery was in an industrial area, and mining costs in the South American country would be very low. Just how low those costs might be is uncertain. The company has not yet completed any work on that side of the equation, and Dr. Cookenboo was unable to hazard a guess about the hypothetical operating costs of a mine. Still, he dropped a few hints, suggesting that the operating costs of a mine should be able to match the $20-per-tonne figure bandied about for the Saskatchewan play, "less quite a bit." There is no doubt that labour costs would be lower, and Dr. Cookenboo suggested that part of the cost would be about 10 per cent of the comparative costs in Canada. As well, a mine would be close to infrastructure, unlike the current Canadian mines, which are in the remote North. He has a point. Rio Tinto's Paracatu gold mine has an average grade of about 0.65 gram per tonne. That works out to about $8 (U.S.) per tonne, which is far below what most explorers consider an economic threshold. There are some special twists that make Paracatu unusual, even for Brazil, but the mine does help set the range of economic possibilities for a diamond mine. The area promise Dr. Cookenboo termed the diamond counts "an exciting little start," but Brazilian Diamonds thinks the results also have pleasing implications that extend beyond the bounds of the Tucano play. The company has high hopes for its Santo Antonio do Bonito project, and that play could ultimately become the key project. Early in 2001, Brazilian Diamonds picked up about 7,600 hectares of ground along the Santo Antonio do Bonito River, which empties into the Paranaiba River. Both rivers have been prolific producers of alluvial gems though the years. The gravels along the Santo Antonio do Bonito River yielded at least nine diamonds weighing more than 300 carats, including the 727-carat Presidente Vargas diamond. Several kimberlite bodies occur along the river valley, but none of them produced diamonds in significant quantities. Still, many of the existing kimberlites received only a quick look and others went untested. As well, there are at least 20 more anomalies that are yet to be drilled. Brazilian Diamonds found some promising indicator mineral anomalies on its Santo Antonio do Bonito property, but it has yet to produce drill targets that could be the source of the promotable chemistry. Dr. Cookenboo said that coming up with geophysical targets that match the indicator mineral finds was the next logical step on the play. The Canastra-1 pipe is still the most advanced Brazilian Diamonds project. The kimberlite was a De Beers project until it passed it on to Brazilian Diamonds in 2002. The diamond giant processed about 20,000 tonnes of material from the body, coming up with a grade of about one-quarter of a carat per tonne. The company arrived at a more conservative 0.12-carat-per-tonne grade for a reserve of nearly two million tonnes. That is decidedly modest, but the diamonds had a healthy value. The initial estimates pegged the Canastra-1 diamonds at about $125 (U.S.) per carat and the rock value would likely sit at something just over $20 (U.S.) per tonne. That figure did not excite De Beers, but it is intriguing to Dr. Cookenboo and Brazilian Diamonds. The players Dr. Cookenboo began learning his trade in North Carolina, but he ended up in British Columbia by the time he completed his doctorate. A sedimentologist by training, he got his diamond start while working on a coal project in Northern British Columbia as a part of his thesis. Some of his work involved garnet geochemistry and Dr. Cookenboo assisted a student intrigued with the developing diamond hunt. In the early 1990s, Dr. Cookenboo went to work for Canamera Geological Ltd., which was a big player in the early days of the Canadian diamond hunt. Canamera participated in several projects, including the Gahcho Kue project at Kennady Lake. That gave Dr. Cookenboo ample opportunity to make the transition from coal to diamonds. Dr. Cookenboo struck out on his own as a consultant in 2002, and diamonds continue to figure prominently in his work. Mr. Fabian, the president of Brazilian Diamonds, also had a start in coal. A mining engineer by trade, he worked on base metal and coal projects in his native Australia, but he pursued a career as a mining analyst starting in the late 1980s. He moved out on his own in 1996, forming Rock Capital Partners Ltd., and became president of Brazilian Diamonds in 1999. The company had a gold focus at the time, but the former coal man moved it into the search for gems. Shareholders seem hopeful the move will pay off, but Brazilian's stock shed four cents on Tuesday, closing at 55 cents. |
Posted at 27/1/2005 10:15 by rambutan2 hmmm. did our boss bag himself a hidefield bargain from us? some think it v undervalued at the mo - and he got a warrant thrown in for free.good news that a few more shares on aim. good news that results out before too long. good news that wdb managed placing at only small discount. but how quickly we burning through the cash? any views? BRAZILIAN DIAMONDS LIMITED PLACING, DIRECTOR SHAREHOLDING AND CHANGE OF YEAR END The Directors of Brazilian Diamonds Limited ('Brazilian' or the 'Company') are pleased to announce that on 25 January 2005, the Company placed 2,500,000 new common shares with an institutional investor at a price of Cdn 47 cents per share. Also on 25 January 2005 Hamilton Capital Partners Limited ('Hamilton'), a company with which Kenneth Judge, the Chairman of the Company, is associated, placed 7,500,000 common shares in the Company with institutional investors at a price of Cdn 47 cents per share. Simultaneously, Hamilton exercised existing warrants over 7,500,000 new common shares at a price of Cdn 20 cents per share. The Company has agreed to pay the London brokerage firm of Williams de Broe a commission of 3 per cent. in connection with the above placings. In addition, the Company has agreed with Hamilton and Rock Capital Partners Limited ('Rock Capital'), a company with which Stephen Fabian and Francis Johnstone, who are both directors of Brazilian, are associated, that Hamilton and Rock Capital will purchase 11,125,000 and 1,000,000 'Hidefield units' respectively from the Company at a price of 4.5 pence per unit. Each Hidefield unit comprises one ordinary share in Hidefield Gold plc ('Hidefield') and the right to acquire a further share in Hidefield from the Company at 6 pence per share within three years of the date of grant. The price of 4.5 pence represents a premium of approximately 9 per cent. to the closing mid-market price of Hidefield shares on 25 January 2005. Assuming the rights to acquire further shares are exercised in full, Brazilian would cease to have an interest in the share capital of Hidefield Upon completion of the above transactions, the Company has agreed to grant to Hamilton 2,500,000 warrants to subscribe for new common shares in the Company in consideration for Hamilton's agreeing to the early exercise of its 7,500,000 warrants. The new warrants will be exercisable within three years of the date of grant at an exercise price of Cdn 70 cents per share. The above transactions remain subject to the acceptance of the Toronto Stock Exchange. As a result of the placing of the new shares, the exercise of warrants by Hamilton and the sale of Hidefield units to Hamilton and Rock Capital, the Company will generate, in aggregate, approximately Cdn$3.9 million, before expenses. The funds raised through these transactions are intended to be used to fund the Company's kimberlite exploration program, development of the Canastra 1 kimberlite for which permitting is underway and the upgrading of the Company's laboratory at Patos de Minas, Minas Gerais, Brazil. Notwithstanding the sale of Brazilian Diamonds' Hidefield shares, the two companies will continue to work closely on the Cata Preta joint venture, in Minas Gerais and where opportunities arise, elsewhere in Brazil taking advantage of Brazilian Diamonds substantial local infrastructure and extensive operating experience in the country. The Directors (excluding Kenneth Judge, Stephen Fabian and Francis Johnstone) consider, having consulted with Westhouse Securities LLP, the Company's nominated adviser in respect of its listing on the AIM market of the London Stock Exchange, that the terms of the sale of the Hidefield units are fair and reasonable insofar as shareholders are concerned. Application will be made for the 10,000,000 new common shares issued both in connection with the placing and resulting from the exercise of warrants to be admitted to trading on AIM. It is expected that admission will take place on 1 February 2005. As the new common shares issued in connection with the placing will not qualify for resale in Canada or to a resident of Canada through the Toronto Stock Exchange for a period of four months from the date of admission, those 2,500,000 new common shares will be traded under separate ISIM and SEDOL codes from the existing common shares for a period of four months. The Company also wishes to announce that it has changed its financial year end to 31 December in order to bring the holding company's year end into alignment with requirements under Brazilian law that the Brazilian subsidiaries have a calendar year end. Accordingly, the Company's next annual results will be published on or before 31 March 2005. Ken Judge, Chairman of Brazilian Diamonds said 'We are delighted with this demonstration of the continuing support we have received from institutional investors in London and Montreal. The opportunity to sell the stake in Hidefield, which was received as consideration for the establishment of the Cata Preta joint venture, represents a significant financial gain for Brazilian Diamonds and will provide the Company with important funding to continue our exciting kimberlite exploration programs in the Santo Antonio and Abaete River Valleys in Minas Gerais, Brazil. We have an excellent working relationship with Hidefield and the two companies will continue to work closely together with Brazilian Diamonds assisting Hidefield with its exploration and evaluation activities wherever we can.' |
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