Brazilian Share Discussion Threads

[currypasty] 11/2/2004 14:26

Beating the heard can be very lonely, and can be a long wait till people come round to your way of thinking !

BDY is not well known over here yet, only being on AIM a couple of months, and needs a bit of PR to get on punters radar. The newsflow has started though so perhaps the mining 'set' will dig (pun) deeper.

[skjimey] 11/2/2004 14:19

Hi Guys, This is beginning to feel like deja vu !

So come on tell me why I should buy some of these lol. No seriously I have read the above (a bit quickly I admit) Just trying to beat the herd again !

S.

[currypasty] 11/2/2004 08:08

60, 000 carats... compares well with AFD's 6 !!

[absolute returns] 11/2/2004 07:49

Ramping away....all day....somewhere in the western counties....dreaming of all those Brazialian bounties....or should that be Canadian mounties ?

Ramping away....

LOL !

[currypasty] 11/2/2004 07:46

"mine life of more than 14 years producing in excess of 60,000 carats per annum."



The primary focus of our own activity will continue to be the development of the "Canastra 1" kimberlite pipe and the exploration of kimberlite pipes and
geophysical anomalies in the Canastra and Santo Antonio regions where we
continue to make important progress."


A serious diamond player !!!

[currypasty] 11/2/2004 07:41

I recon Im on a winning streak ...lol

[absolute returns] 11/2/2004 07:40

What do you reckon then ?

[currypasty] 11/2/2004 07:40

RNS Number:2557V
Brazilian Diamonds Limited
11 February 2004

BRAZILIAN DIAMONDS LIMITED

Santo Antonio Joint Venture Agreement Signed:
Feasibility Study Secures Initial Cdn$800,000 Investment from JV Partners

Brazilian Diamonds Limited ("BDY") is pleased to announce that an agreement has
been reached with two of Brazil's foremost mining/development companies to form
a joint venture to investigate the potential for commercial exploitation of the
Company's large alluvial diamond deposits within the Santo Antonio do Bonito
Valley license portfolio.

Companhia Mineradora de Minas Gerais ("COMIG" www.comig.com) and Mineracao
Rio Novo Ltda ("MRN"), a wholly owned subsidiary of Andrade Gutierrez SA
(www.andradegutierrez.com) have agreed to form a joint venture with SAMSUL
Mineracao Ltda and Cobre Sul Mineracao Ltda, both of which are wholly
owned subsidiaries of Brazilian Diamonds, with the intention of undertaking
large scale mining operations on the Company's substantial alluvial diamond
deposits along the Santo Antonio do Bonito River in Minas Gerais, Brazil.

COMIG is a Minas Gerais State Government-controlled entity with revenues of
approximately R$300m p.a. (US$100m) largelyderived from royalties held over
mineral licenses for niobium (CBMM based at Araxa in Minas Gerais is the world's
largest producer of niobium) and natural mineral water. COMIG was founded in
1990 with the objective of advancing the exploration and exploitation of mineral
resources in Minas Gerais state.

MRN is the wholly owned alluvial diamond mining division of Andrade Gutierrez,
one of Brazil's largest civil engineering firms with annual revenues of
approximately R$3 billion (US$1.1 billion) derived from civil construction, toll
road concessions, telecommunications, ports and property development. MRN's
diamond mining experience includes treating in excess of 2.0 million cubic
metres of alluvial gravels each year at their Rio Novo dredging operation in
Minas Gerais State, producing approximately 25,000 carats per annum. The Rio
Novo mine has operated for more than 15 years and now has an estimated mine life
of approximately 24 months.

Under the agreement, which follows two years of technical and commercial
evaluation on Brazilian Diamonds' Santo Antonio properties, COMIG will invest
approximately Cdn$800,000 over the next 24 months to complete a definitive
feasibility study ahead of a formal decision to move to commercial mining
operations. In compensation for its investment in this feasibility work, COMIG
will be entitled to a 3.5% over-riding royalty from any future alluvial mining
operations undertaken by the joint venture partners.

Work on the definitive feasibility study will involve the parties to the
agreement undertaking an additional 3,000 metres of large diameter Banka
drilling and bulk sampling of up to 6 new test pits to confirm diamondiferous
gravel grades and physical and operating characteristics of the deposit.

Following successful completion of the bulk sampling and evaluation programme, a
new joint venture company will be established in which MRN will hold a 75%
interest and BDY a 25% interest. BDY will transfer to the new company its rights
to mine diamonds contained in alluvial gravels along the Santo Antonio do Bonito
River and MRN will contribute significant quantities of mining equipment
including large (2,000 tonne) bucket wheel and suction mining dredges suitable
for large-scale alluvial mining operations.

MRN will become the operator of the venture and will provide capital funding and
generally facilitate the commencement of mining operations on the project
license areas. Initial estimates of the mining operation to be evaluated suggest
it may be possible to establish a project with a mine life of more than 14 years
producing in excess of 60,000 carats per annum.

MRN has estimated that the capital expenditure required to commence mining
operations, including the relocation and refurbishment of MRN's large dredges
from Rio Novo and the installation of about 40 kms of power lines, will be
approximately US$8-10 million. It should also be noted that the estimated
replacement value of MRN's large bucket wheel and suction dredges anticipated to
be used in the mining operation is in excess of US$40 million.

Whilst this venture is to be limited to the mining of alluvially occurring
diamonds on the project area, COMIG and MRN will have a first right of refusal
to invest in any kimberlite mining operation which Brazilian Diamonds may
contemplate for the properties, the terms for which investment remain to be
negotiated.

Brazilian Diamonds holds approximately 7,000 hectares of licenses along the
Santo Antonio do Bonito River and has conducted an extensive examination of the
alluvial diamond prospectivity of the project area, identifying approximately 23
million cubic metres of diamond prospective gravels.

Historically, garimpeiros operating in the Santo Antonio valley are reported to
have recovered many large, gem quality diamonds using crude mining methods.
Stones recovered have included the Presidente Vargas, at 727 carats, among the
largest gem diamonds ever found and numerous other stones of more than 300
carats.

Brazilian Diamonds is evaluating a significant number of kimberlites and other
magnetic anomalies within the Santo Antonio Valley to determine whether they
could be the source of numerous large diamonds that have been found in the area.
This exploration and evaluation program will continue in the New Year under the
supervision of consulting geologist, Dr Harrison Cookenboo.

Brazilian Diamonds' Chairman, Kenneth P. Judge said: "This agreement represents
the culmination of two years of technical and commercial due diligence by our
well known and highly respected partners. The substantial commitments being made
by our partners reflect the quality of the work done by the highly competent
team assembled in Brazil.

The Company's participation in this joint venture should provide another source
of revenue to be generated from our license portfolio of more than 200,000
hectares and we are optimistic that this is only the first of a number of
agreements presently under negotiation which will demonstrate the progress we
have made in evaluating the diamond prospectivity of the license portfolio that
we have accumulated over the last three years.

The primary focus of our own activity will continue to be the development of the
"Canastra 1" kimberlite pipe and the exploration of kimberlite pipes and
geophysical anomalies in the Canastra and Santo Antonio regions where we
continue to make important progress."

[insideryou] 10/2/2004 20:03

always helps when another mm is added to the mix, obviously they feel that a market will be indeed made in the share and want to be firmly in place when this stock begins to get a recognition.

[absolute returns] 10/2/2004 14:16

Thanks....CP....

[currypasty] 10/2/2004 14:15

Jefferies Intl Ld Market Maker Broker/Dealer JEFF JEFFGB2X
Winterflood Secs Ld Market Maker Broker/Dealer WINS WNTSGB2LBIC
Williams De Broe Market Maker Broker/Dealer WDBM WIDBGB21
Kbc Peel Hunt Ld Market Maker Broker/Dealer KBCS KBCSGB21BIC

[currypasty] 10/2/2004 14:13

wins, kbcs, jeff, wdbm

[currypasty] 10/2/2004 14:05

I was fine till you came along...lol

Ive just noticed BDY has an extra MM today !

[absolute returns] 10/2/2004 13:35

Ooh grumpy....only having a wee bit of fun....chill out !

[currypasty] 10/2/2004 13:33

There is nothing wrong with promoting a share that has a very good chance of going up, and making anyone following loads a dosh. The savvy investor gets in early, when no one else is interested !! I am very open in my trading, for example posting on the MANA thread i had taken profits at high 16's BID.

[absolute returns] 10/2/2004 13:24

Insinger's are in to this one too....and with CP....PC....EK....a big ramp's on the way....lol !

[currypasty] 10/2/2004 13:22

They do move similarly but not identically, if I was smarter, id put them on the same chart!

The AIM listing is still not fully awake yet. One of my brokers TD Watergrouse had an internet block on trading BDY, because of the dual listing. I also had trouble on the phone getting them, so this sort of thing puts people off. No doubt as more shares are traded, the glitches will dissapear!
The main consideration with trading directly on TSE is the exchange rate. The pound is very strong at the moment, many pundits saying it will keep going, to over 2 US $ / £.

I think if PC, and EK are interested, were on to a winner !

[insideryou] 10/2/2004 13:14

Have held on the tse exchange from 50cents,after being alerted to this by Paul curtis and the thumbs up from EK, who claims that this one could be a 25bagger.(Evil always did and continues to sing his own book), but i do see masive potential for this one....
1 Question, is there any advantage to holding the stock on our aim market as oppsed to holding it on the tse., Do they move in tandem on shareprice?

[currypasty] 10/2/2004 10:06

Canada listing up 3.7% to 84 yesterday

[currypasty] 09/2/2004 12:23

LONDON (AFX) - Brazilian Diamonds Limited said it has received "encouraging
news" from its joint venture partner Hidefield plc on the Cata Preta Gold
Project in Minas Gerais, Brazil.
Hidefield has advised that it has received gold analyses from the first two
drill holes of its 11 hole drilling program which commenced in December 2003.
The current drilling program is designed to test a potential northeast
extension of the "carvoeira" gold deposit identified and partially defined in
earlier drilling on the project.
The drill holes are respectively located approximately 25 and 125 metres
northeast of previous drilling and suggest that the previously outlined
mineralization has "significant potential" to be extended.
Difficulties with core recovery in the mineralized section of CP 301
resulted in the three metre interval immediately below the reported gold values
being lost and therefore the mineralized section may have extended further than
the 1.85 metres reported, it said.
Further clarification on the width of the extended mineralized zone will be
derived from the further drilling currently underway.
Following a short interruption over the holiday period, drilling has now
resumed at Cata Preta with additional holes testing the projected extension of
the "carvoeira" deposit to the north and other targets on the licence area.

[currypasty] 09/2/2004 11:41

who cares about travel ?

DIAMONDS and GOLD is where the action is at... the new TMT !!!

[petebarnes] 09/2/2004 11:40

Told you all to buy Ashtead you may belive me from now on, also medium term buy MT. (My Travel) this share will come good and yes i do hold stock but DYOR.

Thanks

This ones another Undervalued medium term play MT.

[currypasty] 09/2/2004 11:38

Hidefield PLC
09 February 2004


HIDEFIELD PLC

CATA PRETA GOLD PROJECT, BRAZIL

Drilling Results Extend Gold Zone at Cata Preta Gold Project, Brazil


Hidefield plc ('Hidefield') announces that it has received gold analyses from
the first two drill holes of its 11 hole drilling program which commenced in
December 2003 at the Cata Preta gold project, Minas Gerais, Brazil.


The current drilling program is designed to test a potential northeast extension
of the 'carvoeira' gold deposit identified and partially defined in earlier
drilling on the project. The drill holes referred to in this announcement are
respectively located approximately 25 and 125 metres northeast of previous
drilling and suggest that the previously outlined mineralization has significant
potential to be extended.


The exploration program is being supervised by the President of Hidefield, Mr
John Prochnau (Certified Professional Geologist, AIPG and the Qualified Person
for the project). The following results are weighted averages, using a one
gramme gold per tonne cutoff, of mineralized intervals in the holes.

Interval Thickness Gold Grade
Drill Holes (metres) (metres) (grammes/tonne)
------------- ---------- ---------- -----------------
CP 301 153.9-155.75 1.85 6.30
incl. 0.35 21.77
CP 302 122.15-128.6 6.45 6.28
incl. 0.70 15.95


Difficulties with core recovery in the mineralized section of CP 301 resulted in
the three metre interval immediately below the reported gold values being lost
and therefore the mineralized section may have extended further than the 1.85
metres reported. Further clarification on the width of the extended mineralized
zone will be derived from the further drilling currently underway.


Following a short interruption over the holiday period, drilling has now resumed
at Cata Preta with additional holes testing the projected extension of the
'carvoeira' deposit to the north and other targets on the licence area.


Hidefield is operating the Cata Preta project in joint venture with Brazilian
Diamonds Limited (quoted on AIM and the Toronto Stock Exchange under the symbol
'BDY') which holds an approximate 20% interest in the Company. Under the terms
of the agreement, Hidefield is earning a 50% interest in the Cata Preta project
and may ultimately increase this interest to 80% through a combination of
exploration activity and further share issues.