Elkedra Share Discussion Threads

[kenmitch] 07/8/2006 10:57

Good posts again ram2. Wish I had never sold any warrants - bought some back.

Surprised to read the Investors Chronicle tip - the article wasn't that bullish except on Chapada. Can never understand why magazines like I/C wait until the share price has already rocketed before featuring companies like EDN. Been plenty on this bb since the shares were much lower and the warrants have already quadrupled or more.

btw - great to see the Eurovestech share price performing very well recently.

[rambutan2] 06/8/2006 01:18

hi andy,

i'm a bit saner for having spent a week away from this crazy stockmarket lark!

i hold the warrants so enjoy gearing but will most likely have to pay gordon brown for the pleasure.

regards
rambutan

[andy] 06/8/2006 00:33

rambutan2,

And as they are dual listed they can be put into an ISA!

ASX: EDN, AIM: EDN

Hope you are well.

[rambutan2] 06/8/2006 00:29

and was one of the tips of the week in ic (pg24) on friday. said buy at 27p.

[rambutan2] 04/8/2006 09:46

and the afx take...

Elkedra Diamonds announces first sale of diamonds from Chapada project

LONDON (AFX) - Australian-based Elkedra Diamonds NL announced today the
first sale of diamonds from its recently-commissioned Chapada diamond project in Brazil, raising 288,279 usd.
The company said the parcel, of 1,937 stones totaling 837 carats, were sold
for an average price of 344 usd per carat. It included a fancy yellow stone
weighing 7.35 carats which was sold for 23,500 usd.
Executive chairman Don Best said: "These preliminary results are
very encouraging, particularly as most of these recoveries have come from
processing what we believed to be lower grade gravels mined specifically for
commissioning the process plant.

[rambutan2] 04/8/2006 09:44

(morning ash, i trust you had a good evening.)

and here's news of that first sale - looks ok for a first attempt...

Australian-based diamond company Elkedra Diamonds NL (ASX: EDN, AIM: EDN) today
announced the first sale of diamonds mined at it recently commissioned Chapada
Diamond Project in Brazil, marking another significant milestone in its
transition to an international diamond producer.

Elkedra said today (Thursday) that a diamond parcel of 837 carats (1,937
stones) from the first 4 weeks of run-of-mine production from Chapada were sold
for an average price of US$344 per carat, realising a total of US$288,279. The
parcel included a fancy yellow stone weighing 7.35 cts which was sold for
US$23,500. A total of 32,953 tonnes of gravels were processed at Chapada to
recover the 837 carats sold, which equates to an indicative insitu grade of 2.5
carats per hundred tonnes (0.06 cts/bcm). The average stone size for the parcel
sold was 0.43 cts and this is reflected in the high average diamond value
achieved.

Elkedra's Executive Chairman, Mr Don Best said: "These preliminary results are
very encouraging, particularly as most of these recoveries have come from
processing what we believed to be lower grade gravels mined specifically for
commissioning the process plant. Based on past bulk sampling results our target
is to achieve an average stone size in the order of 0.5 cts which should also
improve the achieved average price per carat"

[Abuse team] 04/8/2006 04:08

Post removed by ADVFN

[rambutan2] 03/8/2006 23:44

two notes for edn...

August 03, 2006 Diamonds - Hanson Westhouse Research - (1.2MB)
August 03, 2006 Marengo Mining - Eagle Research (Keith Goode) - (644.4KB)
July 31, 2006 Gemfields Resources - CanaccordAdams - (347.3KB)
July 31, 2006 Mano River Resources - Bell Lawrie - (82KB)
July 25, 2006 Golden West Resources - Hartleys - (154.9KB)
July 25, 2006 Elkedra Diamonds NL - Westhouse Securities - (200.4KB)


also...
A company currently capitalised at £22million with only a few millions pounds of debt and projected diamond revenues for this year of £9million is interesting enough to warrant a second look. While the revenue projections are just that, the market value and the state of the balance sheet are known, and confirmation of its financial position will be made next week when Elkedra releases its second quarter report. However, the big event the company, and the market, is waiting for is its first diamond sale in early August.

[kenmitch] 08/7/2006 18:13

More whey hey!


ASX/AIM MEDIA RELEASE 7 July 2006

ELKEDRA DIAMONDS

Encouraging Initial Diamond Recoveries from the Chapada Project

Following the recent announcement regarding the start of continuous 24-hour
processing operations at its Chapada Diamond Project in Brazil, Elkedra
Diamonds NL ("Elkedra") (ASX: EDN) is pleased to advise that, while it is still
in the early stages of ramping up to design capacity at the Chapada project,
the number and quality of diamonds recovered to date has been highly
encouraging. A good range of large gem quality diamonds has already been
recovered, including a 7.35 carat fancy yellow diamond. A photograph of a
sample of the range of diamonds recovered to date is shown below.

[PLEASE REFER OUR WEBSITE

www.elkedra.com.au

FOR COLOUR PHOTOGRAPH]

Given that the Chapada plant has been in continuous operation for just over a
week, it is too early to state whether this is representative of the stone
sizes that will be recovered from the deposit. However, the encouraging
initial results bode well for achieving high average sales prices for the
Chapada diamond production.

As previously announced, Elkedra is targeting for its first independent
valuation and diamond sale to the Leviev Diamond group by the end of July. By
that time there should be sufficient quantities of diamonds and operations data
to report indicative grade and diamond values.

- ENDS -

Released by: On behalf of:

Jan Hope / Nicholas Read Mr Don Best

Jan Hope & Partners Executive Chairman

Telephone: [phone] Elkedra Diamonds NL

For further information contact

[rambutan2] 30/6/2006 09:35

whey hey!

30 JUNE 2006

ELKEDRA COMMENCES DIAMOND PRODUCTION: SUCCESSFUL COMMISSIONING OF SOUTH
AMERICA'S LARGEST DIAMOND MINE

Australian-based diamond company Elkedra Diamonds NL (ASX: EDN, AIM: EDN) has
formally entered the ranks of international diamond producers after today
announcing the commencement of continuous 24-hour processing operations at its
Chapada Diamond Project in Brazil and recovering its first diamonds.

Perth-based Elkedra said today (Thursday) it had recovered its first diamonds
and the Chapada processing plant has been successfully commissioned. The
processing plant has now moved into 24 hour/7 days per week continuous
operations to progress ramp up to full design capacity.

Elkedra's Executive Chairman, Mr Don Best said, "we are very pleased that the
recovery process has now been proven. We can now move onto operational tuning
to ramp plant throughput up to design capacity of 200 tph of run of mine gravel
feed. This is a very significant milestone for Elkedra, and indeed for the
diamond industry in Brazil. The successful commissioning of the Chapada plant
and production of our first diamonds marks the transition from our development
phase to becoming a fully-fledged international diamond producer."

"I would like to pay tribute to the efforts and enthusiasm of everyone within
our project development team in attaining this significant milestone," he
added.

"We are now targeting for our first independent valuation and diamond sale to
the Leviev Diamond group by the end of July. By that time we should have
sufficient quantities of diamonds and operations data to report indicative
grade and diamond values."

"From information we have been able to gather, we believe the Chapada project
will become the largest diamond mining and processing operation in South
America once we are operating at full design capacity." Mr Best said.

The Chapada Project is located within the Company's 291 km2 tenement package in
the state of Mato Grosso, 80 km north of the regional capital city of Cuiaba.
Chapada is set to produce predominantly gem quality diamonds at a forecast rate
of more than 30,000 carats per annum with a medium-term objective to expand
production to over 100,000 carats per annum.

Elkedra has an off-take agreement for all its production with the Leviev
Diamond Group, the world's largest diamond cutter, which offers significant
benefits in terms of a reduced marketing risk and reduced working capital
requirement.

The initial scale of the project is based on a Probable Reserve of 5.4 million
BCM of gravels contained within the `Quilombo' and adjacent `Peba Lagoinha'
tenements. A 9-year mine life at the initial 30,000 carats per annum production
level has been forecast.

These two tenements cover 17 km2, representing a relatively small proportion of
Elkedra's total tenement area of 291 km2, which offer significant exploration
upside. Historical artisan mining activity has demonstrated the existence of
diamondiferous gravels within this expanded area.

[rambutan2] 25/4/2006 23:29

QUARTERLY REPORT TO SHAREHOLDERS

31 March 2006

Listed on ASX and AIM (Code EDN)

HIGHLIGHTS


BRAZIL

Chapada Diamond Project

* Dry commissioning of diamond recovery processing plant has commenced

* Mining contractor agreement finalised and mining operations commenced

* 20,000 m3 of gravel being stockpiled for plant start-up

* Recruitment and training of project operations personnel essentially
completed

* Operating licence issued by environmental authorities

* International security transport company and Independent diamond valuer
engaged

* First diamond production targeted for May

[kenmitch] 20/4/2006 12:59

Yes. Pleased to see the shares rise, and that I bought a few more warrants a couple of days ago at 7.5p.

BUT the discount is very disappointing. Selling price of 27.50 for the shares and only 12p now for the warrant.

Hope over exhuberant OZ investors push the shares a bit higher for us, and that the warrants play catch up. More likely though that the discount will continue?

[rambutan2] 20/4/2006 10:53

and an even better day, likewise for the wrts!

(currently 28.5-29.5p for ords, up 6.75p ie 30%, and 13-15p for wrts, up 5p ie 50%)

and in oz mid price is 30p equiv, and they don't have wrts.

[rambutan2] 18/4/2006 23:12

a good day, especially so for the wrts.

[rambutan2] 11/4/2006 09:33

so, still approx 8m aim wrts left unexercised, which a nice amount...

Elkedra Diamonds NL (ASX/AIM: EDN)is please to announce that acceptances
representing a total of 14,090,766 AIM quoted warrants have been received for
the Company's offer to cancel the £0.12 warrants on issue in exchange for the
issue of a corresponding number of ordinary shares in the Company at £0.10.

Based on the acceptances received a total of £1,409,076 (approximately
A$3,395,363) will be raised from the issue of 14,090,766 new shares.

[rambutan2] 10/4/2006 09:48

and confirmed in uk.

so, all remaining wrt holders have benefitted nicely thanks to rab and fidelity, with the balance sheet strenghened at effectively no extra cost.

[buffin] 10/4/2006 07:09

EDN have announced in Australia that Fidelity cashed in warrants and now have 10.29% of the shares, most of them in Fidelity Int Small Cap Fund.

[rambutan2] 05/4/2006 09:55

neeeeeeeeeeaaaaaaaaaaaaaaaaarrrrrrrrrrrrrrrrlllllllllllyyyyyyyyy there now - although will wait for first sale "anticipated towards the end of May 2006" before breaking open the champagne!

[buffin] 05/4/2006 07:06

Also announced in the UK



MEDIA RELEASE 5 April 2006

ELKEDRA DIAMONDS NL

CHAPADA DIAMOND PROJECT - BRAZIL

PROCESS PLANT COMMISSIONING/FIRST SALES ANTICPATED MAY 2006

Australian-based Elkedra Diamonds NL (ASX:EDN / AIM:EDN) today announced the
commencement of dry commissioning of it's 200 tonne per hour diamond recovery
processing plant at its Chapada diamond project in Brazil ahead of an imminent
start-up of production.

Initial mine pre-stripping operations by the mining contractor have been
underway for the past month, with mining of the first diamondiferous gravels
having commenced during the last week. These gravels are currently being
stockpiled at the processing plant site in readiness for the wet commissioning
process which is expected to commence in approximately three weeks.

Mr Don Best, Elkedra's Executive Chairman, said that, all going well with the
commissioning process, the Company is expected to recover its first diamonds by
the end of April or early May with first diamond sales anticipated towards the
end of May 2006.

"We experienced a bureaucratic delay in getting the necessary import and
operating licenses for the X-ray diamond sorting machine but this hurdle has
now been cleared and the machine is currently being airfreighted from South
Africa," he said.

The Company also said that an "Operating License" for the Chapada Project had
been issued by the Brazilian environmental authorities in February, completing
all the required mining and environmental permitting processes to enable the
project to commence operations. In addition, recruitment and training of
personnel for the management of the contract mining operations and processing
plant operation is now essentially complete.

"We are very pleased with the high level of skills and quality of employees we
have managed to recruit, with the majority of workers being sourced from the
local town of Chapada dos Guimarães and the nearby city of Cuiaba," Mr Best
said. "Recruitment of the project security workforce is also well advanced."

"Elkedra has integrated well with the local community and its administrators,
with the benefits generated for the community since our construction activities
commenced and the permanent employment opportunities created by our ongoing
operations generating strong support," Mr Best said.

Elkedra has an off-take agreement for all its production with the Leviev
Diamond Group, the world's largest diamond cutter, which reduces operating risk
and offers significant benefits in terms of a reduced working capital
requirement.

The Company's initial production project is based on a Probable Reserve of 5.4
million bcm of gravels contained within the `Quilombo' and the adjacent `Peba
Lagoinha' tenements. This initial mining reserve underpins a forecast 9-year
mine life at the initial 30,000 carats per annum production level.

These two tenements cover an area of 17 km2, representing a relatively small
proportion of Elkedra's total tenement area of 291 km2, which offer significant
exploration upside. Historical artisan mining activity within this expanded
area has demonstrated the existence of numerous diamondiferous gravel deposits.

Elkedra's growth strategy includes an ongoing exploration program to develop
additional satellite mining operations to feed the centrally located diamond
recovery processing facility at Chapada. The Company's medium-term objective is
to expand production to over 100,000 carats per annum.

[buffin] 05/4/2006 06:47

Process plant commissioning / first sales expected in May

Elkedra has announced good news to the Australian market - click on the PDF link at

EDN rose 8.5c in Australia to 53c bid. At 2.44 Australian dollars to the £, that looks like a closing bid price of 21.7p.

Check my sums!

[kenmitch] 30/3/2006 20:34

Thanks. We seem to be in a lot of the same shares and warrants.

Hope you're right about news next week. Just hope it's good.

btw (O/T) - look out for TOL results soon. Certainly before Easter and therefore a high chance it will be next week.Should be good, and so could give the share price another lift and with luck that will feed through to EVT too.

[rambutan2] 30/3/2006 11:50

am also sat here waiting. but feel reasonably comfortable - although perhaps i've just got used to diamond cos never delivering on the promise. however, i'd expect to hear something next week.

[kenmitch] 30/3/2006 11:45

So much for a late March start date, following the late December and late January start dates.

Perhaps they work on a different calendar?

Wonder if they'll say anything on April 1st?

Wonder if the lack of posts means everyone else has done what I should have and given up?

[buffin] 06/3/2006 12:36

Received Elkedra's offer to cancel my warrants this morning. The offer is indeed open to me subject to approval at a general meeting on 28 March, and expires on 1 April.

No word in the letter about why they'd like the money.

[unionhall] 24/2/2006 16:29

Ken - don't disagree its a good deal.

Just noted my thoughts on short-term share-price.