Elkedra Share Discussion Threads

[rambutan2] 25/7/2005 16:42

would appear that someone bought a million wrrs today - 500k at 3.5p and 500k at 3.75p.

[rambutan2] 21/6/2005 09:57

and the above is well worth a quick read, makes some good points, shows that instit holders are a quality bunch, and makes the point that at current price we on a (likely) pe of 3.5 for first full year of production - which isnt far away.
(it's in the press centre link)

[rambutan2] 21/6/2005 09:45

Dear Sir/Madam,

RE: 'INITIAL DIAMOND PRODUCTION - JUST A CUT AWAY' STOCKBROKER'S REPORT -
HARTLEYS LIMITED

An analyst's report on Elkedra Diamonds NL and the emerging production of
alluvial diamonds from the Chapada Alluvial Diamond Project in Brazil, can be
accessed on the Elkedra website.

For and on behalf of the Board

[rambutan2] 03/5/2005 14:21

bit more detail released...
ELKEDRA ON TARGET TO BRING BRAZILIAN DIAMOND PROJECT ON STREAM IN Q4 2005
PROJECT COSTS FORECAST TO BE CONTAINED WITHIN BUDGET

'On this timetable, the mining contract should be let by late June or early
July, with pre-production mining scheduled to commence in September - which will
provide sufficient time to stockpile initial ore for the process start-up,' Mr
Best said...

[rambutan2] 28/4/2005 12:14

third quarters out and everything looks to be on schedule (and on budget)
in brazil...

Listed On ASX & AIM (Code EDN)

Chapada Diamond Project, Brazil

Development progressing well with production start up on schedule for
the December 2005 quarter.

Detailed engineering nearing finalisation with the project
development team scheduled to move to the Chapada project site in
early May 2005

Orders, totalling some A$1.5 million, in place for all major
mechanical equipment.All equipment expected to be delivered on site
by end of June 2005.

Mining contract due to be released for tender in early May 2005 with
pre-production mining scheduled to start in September 2005.

Site earthworks, concrete works and steel fabrication works scheduled
to commence in May 2005.

Project costs forecast to be contained within budget, in spite of
industry wide price increases in steel and other commodities.

Australia

Consolidation of Altjawarra project area tenements is continuing
resulting in significantly reduced ongoing tenement holding costs.

Planning underway for small sampling campaigns to test delineated
target areas during the current Northern Territory field season.

Application of tenements made in Thornton River area north of Mt Isa...

[rambutan2] 15/3/2005 13:30

interims out...

HIGHLIGHTS FOR THE SIX MONTHS


• Elkedra completes A$12.4 million of funding to develop the Chapada
Diamond Project, fund exploration activities in Brazil and Australia
and provide general working capital.


• Admitted to the Alternative Investment Market (AIM) in London in
September 2004.


• Reinstated on the Australian Stock Exchange in December 2004.


• Off-take Agreement with LLD Diamonds Ltd to purchase entire Chapada
Project diamond production for first 6 years.


• LLM Mining Corporation BV, a member of the Lev Leviev Group becomes a
substantial shareholder of Elkedra.


• RMB International (Dublin) Limited, a member of the FirstRand Group to
provide US$3m of project debt funding.


• Commenced development of the Chapada diamond project in Brazil with
production start up scheduled for December quarter of 2005.


• Orders for long lead X-ray sorting and magnetic separation equipment for
Chapada diamond project placed in December 2004.


• Mine planning for first four years mining at the Chapada diamond project
well advanced.


• RAB drilling program completed on the Altjawarra Craton with 230 RAB
holes drilled for 2,499m.

[rambutan2] 30/1/2005 12:08

unionhall, it was the wrrs that i bought into, as i thought they seemed too cheap as a long-term geared play on its future. as i said in post 12, i dont hold the ords as i think better bets elsewhere at the mo. however, my "hunch" is that edn is likely to deliver on the upside at some stage. the wrrs are a great way to capture that if it happens.

[unionhall] 28/1/2005 14:35

Ram,

Looking at 30k carat's per annum @ $400 per Carat gives revenue of just £6m here and it is still a year away and unproven in that production has yet to begin.

I can't really see great value here for the moment - am I missing something ?

[rambutan2] 28/1/2005 10:53

quarterly report out. and all looking on track for chapada...

31 DECEMBER 2004 QUARTERLY REPORT
----------------------------------
Elkedra Diamonds NL has commenced development activities on the Chapada Diamond
project in Brazil and continues to explore a prospective new diamond province on
the Altjawarra Craton in the Northern Territory of Australia.

[rambutan2] 26/1/2005 11:23

not as yet. but watching and awaiting developments.

[badtime] 25/1/2005 21:11

Ram...have u nibbled at the ords?

[mikehardman] 11/1/2005 15:42

Agree w/ warrants immediately after issue; saw it happen v.nicely with KMRW
Thanks for thread, ram; Ize not on board yet, but interested.

[rambutan2] 11/1/2005 11:58

yes, agree on wrrs misspricings and did manage to grab a few as liked the fact that only a v small premium for the wrrs, that got a bit of life, and that got great gearing. a quick rns glance etc told me that management looked experienced.

on their projections, they could be on £2.8m profit within a couple of years, so on a fully diluted mkt cap of £13.5m approx the ords look as though they could have some go in them.

my big question mark would be over the tech they aim to use in brazil. lets hope it works as hoped.

but the tie-in with lld is surely a big plus point, as is all the blue sky both in brazil and aus.

[unionhall] 11/1/2005 11:41

Thanks, rambutan2 - I only deal with Comdirect for simplicity.

From my very brief knowledge of investing I believe few retail investors know/buy warrants and therefore for the first period after they are admitted they can be very cheaply priced.
However they are usually hard to buy in quantity because they have been given free to the recipients initially who then hold them as freebies.

They are a gamble - but if you are buying these shares with an expectation of a 50% rise (to 19p say) then the warrants will be worth 7p plus a little premium -250% increase. If shares double then warrants 6-bag. Interesting for a pure gamble.

I haven't looked at the ord's as I have not studied the share - just a prelim glance at the RNS.

Seems 12 months to production so judging on others it is likely to go up and down on news in the meantime though for the moment there is no interest as evidenced by this thread and it is still not traded in OZ so my guess is - no rush.

[rambutan2] 11/1/2005 11:03

unionhall, plenty of brokers will deal but not online. the 'cresting' may take a while i suspect. if you dont mind me asking, what made you interested in the wrrs, and are you interested in the ords?

[unionhall] 11/1/2005 09:14

Dear Mr

We do intend to have our Warrants Crest enabled. Your email has this evening prompted me to follow up progress and I hope to have a response in the morning. I will then be in a position to give you a more definitive time as to when the Warrants will be CREST enabled. My apology for the delay.

Regards
Sam Randazzo
Executive Director
Elkedra Diamonds

[unionhall] 10/1/2005 14:31

Tried to buy warrants thru Comdirect on Thursday but no go as they cannot be settled thru CREST.

[rambutan2] 10/1/2005 14:17

well, the warrants are certainly flying up last fri and again today.
their epic is ednw.

[rambutan2] 10/1/2005 11:51

most recent update...
Noted below are material changes and updates to Elkedra's activities and
position that have occurred since Elkedra's admission to AIM on 3 September
2004, much of which is extracted from Elkedra's Chairman's address at Elkedra's
2004 AGM.
The Chapada Project
Development activities have commenced at the Chapada Project in Brazil. The
preliminary engineering, being undertaken in Perth, will be completed in early
December and ready for transfer to an engineering group in Brazil to commence
the detailed engineering design. Procurement activities have commenced and
orders for the supply of the long lead time magnetic separators and the x-ray
sort machine are expected to be placed during December this year. The Brazilian
project development team has been established and preliminary site development
activities such as clearing and survey have commenced. Negotiations have also
commenced with short listed potential mining contractors. Planning has also
started to allow preliminary activities to commence early next year on selected
exploration tenements in the Chapada region.

A marketing agreement has been finalised with the Leviev Diamond group under
which they will purchase the first 5 years diamond production from the Chapada
project. The Leviev group (the second largest rough diamond marketing group in
the world next to De Beers), undertook their own due diligence of the project
before entering into this agreement.

Australian Exploration
On the Australian exploration front, additional RAB drilling was undertaken
during July/August this year on selected Altjawarra tenements in the Northern
Territory to further define palaeo channels originally identified in the 2003
drilling program. This drilling has confirmed the continuity and extent of
gravels in the palaeo channels drilled. Drill samples are currently being
laboratory processed to test for indicator minerals and micro diamonds. Since
year end there has also been a review and consolidation undertaken of tenement
holdings in the Altjawarra region. This is to ensure that funds and exploration
activities are focussed on the areas identified to date as the most prospective
diamond areas.

[rambutan2] 10/1/2005 11:38

links in with todays shareholding rns...

6 JANUARY 2005

ELKEDRA ANNOUNCES BOARD CHANGES AS CHAPADA PROJECT DEVELOPMENT PROGRESSES

Elkedra Diamonds NL (ASX:EDN) today (Thursday) announced a key appointment to
the Company's Board of Directors as development of its Chapada Diamond Project
in Brazil progresses towards first production anticipated in the December
Quarter of 2005.

Mr Thomas Teichmann has been appointed a non executive director. Mr Teichmann is
Vice President of LL Mining Corporation BV, a member of the Lev Leviev Diamond
Group, which holds a 7.6% shareholding in Elkedra Diamonds NL. His role as Vice
President of LLM includes overseeing their diamond interests in South America
and Africa.

Mr Teichmann a Brazilian citizen and MBA graduate of New York's Columbia
University, is fluent in five languages, including English, Portuguese and
Spanish, the main languages spoken in South America.

In welcoming Mr Teichmann, Elkedra's Executive Chairman, Mr Don Best, said, 'Mr
Teichmann's appointment will bring valuable local knowledge, experience and
understanding to the Company as the Chapada project moves into its development
phase.'

'It also reinforces the Company's positive relationship with the Lev Leviev
Diamond Group, the world's second largest diamond group, and potentially opens
opportunities for Elkedra to take up selective joint venture interests in other
diamond development opportunities in South America'.

Elkedra has an existing off-take agreement with the Lev Leviev Diamond Group for
all diamonds produced at the Chapada mine.

Elkedra also advises that Dr Linda Tompkins has elected to stand down as the
Company's Technical Director from 31 January 2005.

Dr Tompkins has played an important role in the founding of Elkedra and the
Board wishes to record their appreciation for her contribution to the Company.
The Board wishes Dr Tompkins well in her future endeavours.

[rambutan2] 07/1/2005 14:01

looks interesting me thinks.
any views?

[rambutan2] 07/1/2005 13:54

Price on ASX:

Wrrs quote:

CORPORATE (as of 31/12/06)

The total issued capital of the company is 94,446,003 shares including
7,353,915 shares which were released from ASX escrow on 20/12/2006.

The number of unlisted convertible notes on issue at 31 December 2006 is
496,612.

During the quarter 7,713,830 new shares were issued for 47 cents and 297,949
new shares were issued for 297,949 warrants exercised at 12 pence. These issues
raised A$3.7 million.

200,000 directors options and 250,000 employees options exercisable at A$0.65
and expiring 31 December 2009 were issued during the quarter.

As at 31 December 2006 a total of 13,673,724 unlisted options exercisable at
between A$0.35 and A$1.20 are on issue, in addition to 8,368,532 warrants
exercisable at 12 pence listed on AIM in the UK.

The Company retained A$4.02 million in cash as at 31 December 2006.

The Company regularly updates its Web Site at







minesite articles:





ready-made search on lev leviev: