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BDY Brazilian

0.45
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Brazilian Share Discussion Threads

Showing 76 to 97 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
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
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older

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