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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Brazilian | LSE:BDY | London | Ordinary Share | CA1058741010 | COM SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.45 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
24/4/2004 08:10 | strong move up friday afternoon, in line with TSX. | currypasty | |
15/4/2004 18:06 | A new book is published today on the mining sector- Title: An Insider's Guide to the Mining Sector Subtitle: How to make money from gold and mining shares" Author: Michael Coulson, Chairman of the Association of Mining Analysts Publisher: Harriman House Release date: 15 April 2004 The book can be ordered from the ADVFN Bookshop- | bookshop | |
13/4/2004 18:45 | RNS out at 6.40pm, yet MM's marked down at open this morning...stinks !! | currypasty | |
13/4/2004 18:44 | RNS Number:5851X Brazilian Diamonds Limited 13 April 2004 BRAZILIAN DIAMONDS LIMITED QUARTERLY REPORT TO SHAREHOLDERS During the third quarter ending December 31, 2003, Brazilian Diamonds Limited continued the exploration and development of its mineral properties in the State of Minas Gerais, Brazil. In November, 2003, the Company made application to list its shares on the Alternative Investment Market of the London Stock Exchange Plc ("AIM") and on December 8, 2003 trading commenced under the same symbol used by the Toronto Stock Exchange - BDY. Brown Shipley, a leading London broker and investment bank (recently renamed Westhouse Securities Limited) acted as the Company's nominated advisor (NOMAD) and Broker in coordinating the AIM listing. In conjunction with the AIM listing, the Company completed a placement of 6,000,000 shares at $0.77 per share to raise Cdn$4.62 million. This placement was arranged by Brown Shipley with the shares placed with Europe based investors Serra da Canastra Diamond Projects The Canastra 1 diamondiferous kimberlite body and the surrounding prospective targets remain the primary focus of the Company, as work continues to secure the licences and environmental permits needed to commence trial mining later in the year. Brazilian Diamonds completed a conceptual mine study which demonstrated the robustness of economics for producing diamonds from the Canastra 1 pipe, which had previously yielded 5,000 carats of diamonds when De Beers bulk sampled the pipe from 1998 to 2000. Preparations are underway to move the Company's Heavy Media Separation plant to the site to begin the trial mining phase. Work has also proceeded on collecting and evaluating geophysical and geochemical data on the entire Canastra project area. A northwest - southeast fault trend, along which the Canastra 1, Canastra 8 and at least 12 other kimberlite targets exist, has been identified by the Company's technical team. Favourable geochemistry, particularly on the Canastra 8 kimberlite pipe (21 hectares in size and 25 km west-southwest of Canastra 1) has been established and test work is ongoing at Canastra 8. Cata Preta Gold Project - Joint Venture with Hidefield plc During the quarter, work progressed on the Cata Preta Gold Project, which is held under joint venture with Hidefield plc, a London based company, listed on the AIM under the symbol HIF. Hidefield is earning a 50% interest in the project and may ultimately increase this interest to 80% through a combination of exploration activity and share issuances. Currently, Brazilian Diamonds Limited holds approximately 20% of the outstanding shares in Hidefield plc. Hidefield has moved quickly to finance and commence an extensive exploration program on Cata Preta. Brazilian Diamonds has worked closely with the Hidefield team, providing administrative and logistical support, existing technical data and access to necessary facilities and personnel in Brazil for these exploration activities. Diamond drilling is underway and initial results have been very encouraging with initial indications that the zone of gold mineralization has been extended at least 125 metres to the northeast of previous drilling. Completion of All Asset Acquisition Payments During the quarter, Brazilian Diamonds Limited completed the final payments on two, previously announced, acquisitions in Brazil. Canabrava Diamond Corporation's assets in Brazil were acquired for an aggregate cost of US$225,000. The purchase included office and laboratory facilities in Patos de Minas and an extensive kimberlite geophysical and sampling database and exploration licenses over 35,000 hectares of properties in proximity to Brazilian Diamonds' already extensive portfolio in the Santo Antonio and Abaete regions. The Company has moved its operations to these new offices and has begun using the state of the art laboratory facilities. A re-evaluation of Canabrava's extensive license portfolio is underway. The company's acquisition of South Atlantic Resources' assets included a significant portion of our Santo Antonio do Bonito licenses. These assets were acquired in February 2001 for an original acquisition price of US$1.5 million, to be paid over 4 years. The final instalment of the purchase price was paid ahead of schedule and at a substantial discount to the original amount, in December 2003. Consequently, the aggregate cost of the acquisition was reduced to US$1.175 million. As a result of these payments, the Company has now completed all of its outstanding acquisition payment obligations in relation to all of its properties. Santo Antonio do Bonito Project Subsequent to the quarter end, Brazilian Diamonds Limited entered into an agreement 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. Both of these Brazilian companies bring important equipment and alluvial diamond mining expertise to the project and will invest Cdn$800,000 into the project area to complete a definitive feasibility study over the next 2 years and prior to a decision to move to commercial mining operations. The project covers over 7,000 hectares along 22 kilometres of the Santo Antonio River Valley. Historically, at least 12 diamonds in excess of 100 carats in size (including the largest diamond ever found in Brazil, the Presidente Vargas at 726.6 carats) have been recovered in this region by garimpeiros using manual techniques. With over 200,000 hectares, Brazilian Diamonds Limited now maintains one of the largest license portfolios in the State of Minas Gerais, Brazil. The Company's projects and prospects appear to have begun to be recognised by capital markets as evidenced by recent trading activity which resulted in a doubling of the company's capitalisation during the quarter. The Board of Directors and Management are committed to in their efforts to enable Brazilian Diamonds Limited to become the first economic producer of diamonds from a kimberlite source in Brazil and ultimately a significant producer of gem quality diamonds. | currypasty | |
13/4/2004 14:18 | 18% down now | currypasty | |
13/4/2004 12:44 | I think it's more a case of "lack of buying and the share will fall" Nobody's selling, but nobody will buy either until we get news from Canastra 1 | outsizeclothes.com | |
13/4/2004 07:54 | price took a dive on TSX last week, and UK market is following, although no news and no trades over here. from start of aim trading rns " Brazilian Diamonds has been quoted in Canada on the Toronto Stock Exchange since 1990. The market capitalisation is approximately Cdn$88.7 million (approximately #39.8 million). The Company has raised Cdn$4.62 million (equivalent to #2.07 million), before expenses, from a range of institutional investors, principally in the UK and Europe." I wonder if UK 'institutions' have been stitched up... | currypasty | |
05/4/2004 18:22 | Curry get yourself some HIF I suspect 10p will be a thing of the past in 3 weeks time | burbelly | |
29/3/2004 16:49 | its all gone very quiet, no news, no price movement, no trades | currypasty | |
03/3/2004 11:17 | Looks like it's going to take the news of the Canastra 1 start to get us going again. | outsizeclothes.com | |
25/2/2004 17:41 | and another bad diamond day, BDY -6%, in sympathy with AFD, -10%, river diamonds -20%, firestone diamonds -7% | currypasty | |
23/2/2004 10:40 | up 1.25 33.0 - 35.0 | currypasty | |
19/2/2004 12:32 | moving up today, after dissapointing performance on what I thought very good news. | currypasty | |
12/2/2004 23:49 | Schober, sorry but you have it wrong. BDY will be producing diamonds from Canastra 1 by late july. The sorting rig is already on it's way from the river location. Unlike Juina / Mato Grosso { the other big diamond producing district of Brazil } there is no rainy season here in Nov-March that stops work. My take on yesterday's announcement - This looks a very good deal. By partnering with 2 big local experienced Brazilian players the likelihood of any delays due to Govt. permits/bureaucracy is virtually eliminated. { This is always a danger in Brazil } MRN looks like a good choice too, especially as they themselves must have been looking to replace their own operations(because their diamond mining operation is coming to an end ). 23% odd ( 25% minus COMIG's royalty ) of the take looks very good considering the capital equipment that MRN are putting up and the scale of the operation. 60,000 carats = $2,100,000 for industrials (absolute minimum) or $7,500,000 with a 35% good gem quality content (probable maximum unless they get 10+ carat gem quality stones ) [[ fancy yellow or pink gem quality diamonds can be worth $1000+ a carat for Flawless to VVSI and "river" or better clarity ]] AND they still have the rights to the kimberlites from which all the historically large stones potentially originated. For my money this is a much better risk/reward than AFD, Firestone, European Diamonds or Petra, especially if, as they expect, Canastra 8 is proven diamondiferous. | outsizeclothes.com | |
11/2/2004 16:26 | Curry:You did say it was lonely on here didn't you? lol S. | skjimey | |
11/2/2004 15:28 | schober:It's all about speculating on future revenues anyway! Look at AFD. S. | skjimey | |
11/2/2004 15:19 | Hi ck. Yeah thought I'd buy in on the back of current news and general diamond fever lol! S. | skjimey | |
11/2/2004 15:09 | good news, but i shouldnt get too excited - no revenues for 3 years or more!!!! | schober | |
11/2/2004 14:46 | Thought I'd join the party with a small punt. I like the recent rns and that 60k carrots a year at the moment. ;-)) S. | skjimey | |
11/2/2004 14:41 | skj.... are u in these?......similar or better prospects to AFD?, long term chart from canadian days looks positive to say the least | ck | |
11/2/2004 14:33 | AFD was a good punt from low 50's the other day...shhhhh! Enthusiasm could spill over into BDY! 60,000 carrats remember ...lol | currypasty | |
11/2/2004 14:28 | AFD's doing well today....up by nearly 18%.... | absolute returns |
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