ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

KDC Kimberley Dia

31.75
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kimberley Dia LSE:KDC London Ordinary Share AU000000KIM0 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 31.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 31.75 GBX

Kimberley Dia (KDC) Latest News

Real-Time news about Kimberley Dia (London Stock Exchange): 0 recent articles

Kimberley Dia (KDC) Discussions and Chat

Kimberley Dia (KDC) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Kimberley Dia (KDC) Top Chat Posts

Top Posts
Posted at 23/5/2007 18:49 by theclaw
i am the only one in this share
Posted at 01/11/2006 11:25 by cestnous
Starting to look interesting (to me at least but not to anyone else apparently as there is no existing thread)
Not in yet, but would be interested in opinions. Looks cheap for the potential production, along with the 51% of Blina as blueish sky.




Minesite article, (historical)

Date: February 21, 2006

Kimberley Diamonds Due To List On AIM As Production Rises Towards 700,000 Carats/Year

By Our Man In Oz.

Miles, all is forgiven, we love you! It's not known if anybody actually sent Miles Kennedy a card containing those words when Valentine's Day rolled around last week. But if they did, it wouldn't be a surprise if it came from an investor in the Australian diamond companies that fall under Kennedy's control, Kimberley Diamond and Blina Diamonds. Over the past six months, Kimberley and Blina have been on fire as the market re-assesses their exploration and production success. Since mid-September Kimberley, which operates the Ellendale mine in the far north of Australia, has soared from A$1 to sales last week as high as A$1.68. Blina, which is exploring the ground which surrounds Ellendale, and is 51 per cent owned by Kimberley, is up from A25 cents to A70 cents over the same time.

The driver behind the re-discovery of Kimberley and Blina by investors is a roadshow led by Kennedy which is doing the rounds in Europe and North America prior to a dual listing for Kimberley on AIM. At these events, executives of the twin companies, which share directors and an office in West Perth, are calmly explaining that Kimberley is on track to become the world's fifth biggest diamond producer with an annual output of 700,000 carats of premium-priced gems from the development of the first two of 44 known lamproite pipes on its tenements. Blina is joining the rush almost by accident by producing 7,336 carats of stones in one exercise which was actually designed to "sterilise" ground which is destined to become a Kimberley waste dump. Some dump!

In mid-2004 the market's treatment of Kennedy and Kimberley was horribly different. Back then a misunderstanding led to a painful wipe-out of Kimberley when it appears that conflicting expansion and cost timetables for Ellendale had been delivered a week apart at conferences in Kalgoorlie and London. Investors, especially those in London, were unable to sort a mountain of detail, and variable data. They voted with their wallets and dumped Kimberley cutting 35 per cent off the stock in a matter of days, slashing it from A$1.61 to A$1.05 between August 23 and September 13. By the time the bloodbath ended on December 14, 2004, Kimberley had effectively been cut in half with the shares trading at A86 cents – and all because of a communications error, which was not the result of insufficient information, rather it was too much.

For Kennedy, the Harley Davidson-riding, South African born lawyer, who has battled manfully to create Australia's best stable of diamond stocks, the experience was sobering – though not, in the view of long-time observers, unpredictable. Despite his enthusiasm and undoubted ability to spot a deal, Kennedy can be guilty of confusing lesser mortals with a blizzard of detail, changes on timetables, options to expand ,or not, and variations on mine plans. He thinks he's doing the right thing. A casual recipient of a Kennedy presentation can sometimes walk away more confused than when he walked in. That's why the key word in the current roadshow is calm.

There is also something else that is different about the Kimberley/Blina promotional tour. Minimal media involvement. In fact, when given a choice last year between hosting a media tour or going on an investor roadshow, Kennedy decided to deal directly with the investment community. Wise choice. Not only did he start to re-connect with the market that punished him so harshly just 18 months ago, but media types on the invite list avoided a site visit in 40 degree temperatures, and the hot red mud left behind by the evening thunderstorms which make the Kimberley region of Australia such an unpleasant place between Guy Fawkes Day and St Patrick's Day.

History aside, Kimberley and Blina arguably represent two of the investment world's more interesting diamond stocks, with diamond itself one of the better performing commodities. At the end of his presentation, Kennedy points out that sometime around 1990 the price of gold and diamonds crossed over, and by last year diamonds were streets ahead of gold in price terms – though the latest data might show a closer-run game. Of greater interest to investors is the evolving picture of discovery and development at Ellendale, and in the surrounding tenements held by Blina.

Ellendale itself is a discovery of Rio Tinto . It was not developed because the giant Argyle mine was discovered about the same time. After months of haggling and legal argument, Kennedy encouraged Rio Tinto to sell him Ellendale, or face a court challenge under Australian "use it, or lose it" mining laws. Full points to Kennedy for that win. But, as Rio Tinto had calculated, it wasn't easy going at Ellendale. It is only now that Kimberley can point to its success at developing the No.9 and No.4 lamproite pipes, and the soon to be completed plant upgrade which will boost ore throughput to 7.2 million tonnes a year for the target output of 700,000 carats.

After the daily grind of pumping out diamonds comes the blue-sky potential of further exploration success from the 100 targets identified on Kimberley's ground, and the potential for Blina to kick in with full-scale alluvial production from gems washed down ancient rivers or palaeo-channels. After all this data, and Minesite's Man in Oz apologies for committing a Kennedy and drowning the reader in facts and figures, comes the fundamental question of which is the better entry point to play the Ellendale diamond game; Kimberley or Blina. The answer, despite Kimberley's market value having swollen to A$530 million, and Blina still being capitalised at A$61 million, probably remains Kimberley because it has the best hard-rock assets, while alluvials can be tricky. Kimberley also the ultimate parent company of the pair, has its foot on 51 per cent of Blina – and the undivided attention of the market's new love child, Miles the Marvellous!
Posted at 16/7/2002 10:13 by master rsi
ainsoph
Have you given the game away with this thread (KDC)? some people thing you are the same person.
Posted at 02/7/2002 22:15 by day_dreamer
I made no secret of my purchase price on the oxb main thread 26p
and i made no secret of my selling price on the main oxb thread 41.2p.
Not a fantastic amount I made I admitt but still I can advertise my trades
unlike you Ainsoph, I have challenged you to name your trade in ANY share
before you execute it but you still cannot do that.

I really think you should have my nickname

ROTFLMAO

Gravy
Posted at 02/7/2002 20:26 by ainsoph
OXB price on 01/01/02 34p - price today 17.75p ...... I wonder if anyone could make a claim against ADVFN for surpressing the truth.



ainsoph
Posted at 30/3/2002 12:08 by jenny-bap
Just read the Masconi trading statement (WOW)

Click here for related discussions
KDC - 15 Oct'01 - 00:06


thank the gods I can trade early............


K
Posted at 02/1/2002 10:21 by raving daving gravey
Ainsoph/KDC, still no comment on Fredbear's accusation then, despite some remarkably accurate figures on the "attacks" on the OXB thread?
Posted at 02/1/2002 09:26 by raving daving gravey
Ainsoph/KDC, No comment on Fredbear's accusation then, despite some remarkably accurate figures on the "attacks" on the OXB thread?
Posted at 02/1/2002 09:11 by the prophet
-just to make sure there is no mis-understanding
-i have never complained to ADVFN about anyone
-and certainly have'nt complained re KDC to ADVFN
-i did complain on the thread re OXB that KDC was filling it up with irelevant junk,that was it
-and i welcome all views, long and short, on OXB, all the more so if they are backed by some reasoning and fact.
Posted at 02/1/2002 08:29 by wigancasino
Can't knock KDC, good info provider. What's wrong with having good news and bad news and whether people are going long or short. Ashley James and MadTrader can say what they like, makes the BB all that more interesting. You don't have to agree or disagree to anything they post, you don,t even have to read it. Have we lost the democracy it 2002, I thought on the Euro's came in!!!
KDC----youv'e got my vote.
Steve
Kimberley Dia share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock