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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kimcor | KIM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.325 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.325 | 0.325 |
| Top Posts |
|---|
Posted at 12/1/2009 16:41 by dcroston probably a few people taking a punt.....it did look very undervalued when the share price was hovering around 0.1-0.5p when you weigh up what assets KIM has. I'm not tempted myself. But good luck to those that are. |
Posted at 22/10/2008 21:51 by dcroston Cecky,Not in your wildest dreams can KIM make a profit this year, that is a certainty. The best we can hope for is a positive production update and confirmation that we are heading for that magic 200,000 cts per anum that they have targeted. But lets wait and see, I have a feeling that there may yet be one or two surprises up KIM's sleeve. We all know that this is undervalued and if there is any kind of volume in the coming days and weeks then 10p is not beyond the realms of posibility. |
Posted at 04/10/2008 14:38 by dcroston An earlier post mentioned that AFD owned equity in KIM but to my knowledge I don't think that is true. Here is a list of all major shareholders.Martyn Churchouse* 8,750,000 3.13% Gordon Riddler 150,000 0.06% Manish Kotecha 400,000 0.15% Coffee House Group Limited 11,878,526 4.43% Credit Suisse Client Nominees (UK) Limited 6,000,000 2.24% HSBC Global Custody Nominees (UK) Limited 5,341,500 1.99% Michael Johnson 4,300,000 1.60% Metal Resources Limited 3,450,000 1.29% SVS (Nominees) Limited 3,449,500 1.29% Rene Nominees (IOM) Limited 3,333,333 1.24% Pershing Keen Nominees Limited 2,975,000 1.11% DWYKA 129,333,718 48.21% Montagu 32,300,000 12.04% Also, KIM also announced a whileback that they had commenced bulk sampling at Tanzania and expected results in September this year, so maybe that could be the reason for the buying. |
Posted at 03/10/2008 12:04 by kenmitch Can someone explain? Dwyka own around 50% of KIM. Yet while KIM shares have trebled or more the DWY share price keeps falling and is down again today. Why isn't the DWY share price rising too? Or is the KIM rise the result of a few speculative buys prompting more speculative buys? Hope that is not the reason for the rise and that we will soon get positive news to justify it. Also who said that we should expect news from KIM today? |
Posted at 01/10/2008 12:36 by fabius1 FAO Hectorp/CeckyI picked up your notes on the SEY BB re KIM. Cecky. I remember you from the early days and your disenchantment with 'Churchmouse'. I hold the stock. Hectorp - I know you held APF at one time. I would add that APF also held a sizeable holding of KIM on their books last time I checked. I rate APF very highly indeed. Shrewd management and sound fundamentals. In fact I have just topped up. It may not add up to much. Nevertheless, I have no doubt they have access to better information than us. Given the track record, that would not be too difficult. F1 |
Posted at 29/9/2008 12:46 by 123asd From Minesite:"In diamonds, KimCor Diamonds (AIM: KIM) rocketed 92 per cent to 3.65p, without apparent cause. The company's shares have fallen steadily since it listed in 2006 after raising more than £3 million at 15p per share, and it will be interesting to see if this rally can be sustained. We've been trying to get an update from KimCor from some time, but the company seems to be feeling shy at the moment for some reason...." |
Posted at 28/9/2008 16:45 by amazon_woman Guys be careful Dwyka's nos are in $s I assume AUD. On the basis of the figures in DWYs accounts KIM have been valued at around $15m which is around £6.75m. KIM's web site indicates there are 270m shares in issue and their interims stated 184m shares as at 31 Dec 2007. On that basis the value per share as stated in DWY's accounts is 2.5-3.6p per share depending on exactly how many shares are currently in issue. Not sure how DWY calculated the value in their accounts and yes it could get sold for more but please do your own maths and do not rely on others. I only had a few and sold on friday but was interested to see what I might have missed out on. Good luck AW |
Posted at 26/9/2008 22:00 by hyper al From Dwyka Resources Annual Report and Accounts released today"Effective from 21 September 2007 Dwyka completed a transaction with KimCor Diamonds Plc whereby KimCor would acquire Dwyka Resources' diamond and industrial assets, thereby being one of the lead participants in the consolidation of the diamond sector. The transaction established KimCor as a mid tier diamond producer by volume and the company raised GBP4.26m in fresh capital. During the year KimCor focused on increasing production from the De Beers Tailings Retreatment Project (SMI4) and underground production from Newlands and Blaauwbosch as well as from the Nooitgedacht Alluvial Property. Month on month diamond production increased significantly during the year and by year end was averaging approximately 5,000 carats per month, with the target being 150,000 carats per annum. In addition, KimCor explored during the year several joint ventures and other business combinations with the view that further growth and delivery of shareholder value in the diamond sector is likely to be achieved in this way. Since December 2007 the Company has reclassified its shareholding in KimCor as non-current available for sale as it expects the investment will be recovered principally through a sale transaction rather than through the long term receipt of dividend income. As at 30 June 2008 the Company impaired the value of this asset to reflect the fair value, less estimated disposal costs, of the shareholding in KimCor." I like this bit "it expects the investment will be recovered principally through a sale transaction rather than through the long term receipt of dividend income. As at 30 June 2008 the Company impaired the value of this asset to reflect the fair value, less estimated disposal costs, of the shareholding in KimCor." and the value assigned "Impairment of non-current asset held for sale (7,181) - (7,983) -" That's £7.1 million We are currently sitting at £2.3 million if ADVFN value is correct. Dwyka Resources also state that they expect to sell their 48.2% in Kimcor "investment will be recovered principally through a sale transaction" |
Posted at 09/9/2008 20:06 by dcroston Dire Cons,Any interest from Dwyka would obviously be viewed as postive from a KIM shareholder point of view with Dwyka being a major shareholder and also having a presence on the board. Of course, any interest Dwka may have remains to be seen and is purely speculation at the moment and of course the other side of the coin is that Dwyka decides to cut its losses and run which would obviously be devastating for KIM and perhaps signify the beginning of the end. Last time I spoke with someone from KIM, they implied pretty much that Dwyka had become less involved in the running of KIM - that may very well signify an air of confidence that Dwyka representatives have in KIM management being able to complete the job or it could be that they don't want to waste anymore energy and resources in KIM. I like to think that its the former rather than the latter or I'm certain Dwyka would have been parting with some of there 67m shares. As far as a consipiracy theory between KIM and Dwyka share price, Take your pick of pretty much any AIM stock and you would get the same result. |
Posted at 26/9/2006 08:06 by milner2 Exploration ProjectRNS Number:4298J KimCor Diamonds plc 26 September 2006 26 SEPTEMBER 2006 KIMCOR DIAMONDS PLC (AIM: KIM) KOFFIEFONTEIN EXPLORATION PROJECT KimCor Diamonds plc ("KimCor" or the "Company"), the diamond producing and exploration company with properties in South Africa, is pleased to announce the signing of a memorandum of understanding (the "Memorandum") between Free State Diamond Mines (Proprietary) Limited ("Free State"), KimCor's wholly owned subsidiary and CFM Diamonds CC ("CFM"), with a view to acquiring an advanced exploration project 50 km south of Kimberley in the Koffiefontein kimberlite cluster. KEY POINTS *One kimberlite pipe and satellite - drill tested with indicator minerals consistent with diamond bearing kimberlite; *Further 13 circular magnetic anomalies have been identified; *Approx 10,000 hectares added to the Company's portfolio of exploration properties; *Low up-front consideration of approximately #103,000; and *Majority or vendor consideration is contingent upon success of exploration programme. The Assets This project is an advanced exploration project 50 km south of Kimberley in the Koffiefontein kimberlite cluster and approximately 16 km to the north of the historical Koffiefontein pipe. The Koffiefontein mine, owned by DeBeers and opened in 1870, produced 7.3 million carats from an 11 Ha pipe. The project constitutes three separate prospecting licences which span 18 farms and coincide with surface owner agreements (the "Licence Area"). All necessary Department of Minerals and Energy ("DME") approvals have been granted to CFM and under the terms of the relevant sections of South African mining law, are transferable to Free State. In addition, Black Economic Empowerment partners are in place with participation only in profit mode. The Licence Area has been flown with magnetics and radiometrics by Geoscience of South Africa and a substantial number of targets characteristic of kimberlite pipes and fissures were located. The farm Nooitgedacht contains an elongate kimberlite pipe, which is estimated by the Company to be at least 1.9 Ha in surface area and has been confirmed by detailed ground magnetic surveying and 32 percussion drill holes (the "Eureka Pipe"). A smaller satellite pipe also occurs on the strike of the main fissure, which connects with a different strike fissure system on the adjoining farm Erasmus Hope. Percussion drill cuttings were concentrated and submitted to Mineral Services South Africa ("MSSA") for analysis. Geochemical testing of the concentrate, using the CaO/Cr2O3 plot of G9 and G10 garnets is consistent with the chemistry of diamond bearing kimberlite. MSSA comments "Overall, the indicator mineral data for this sample suggest a high diamond potential and additional follow up work is strongly recommended". A recent indicator mineral count also produced five micro-diamonds from a sample of 80 kg. In addition, during September KimCor completed a percussion drill hole sited close to holes drilled by CFM and independently confirmed the presence of kimberlite bearing indicator minerals consistent with that reported by independent experts. The occurrence of kimberlite on fissures on four of the farms covered, Nooitgedacht, Erasmus Hope, Boesmanspan and Doornkop was reported by Dr Percy Wagner in 1932. Certain other farms also display signs of pipe potential; plug like anomalies on at least three further farms Eureka, Graspan and Zamenzuipingpan require indicator sampling and ground magnetic surveys prior to establishing whether drilling and bulk sampling is warranted. A total of 10 first priority plug like anomalies have been identified by Geoscience of South Africa using the total field magnetic data and a further 24 anomalies using the first vertical derivative data. These anomalies all require ground follow-up by way of indicator sampling and ground magnetics to rate whether they require further work comprising trenching, drilling and or bulk sampling. Immediate work programme at Koffiefontein KimCor plan to complete a further ground magnetic survey to define the limits of the Eureka Pipe and the associated satellite pipes and fissures by the end of 2006. Following this the Company will submit further mineral concentrates to Mineral Services South Africa and commission an indicator mineral analysis using MSSA's Mantle Mapper processing method to determine diamond potential. Subject to the results of the analyses KimCor will commence stripping of overburden and begin bulk sampling to confirm recoverable grades ahead of a feasibility study early in 2007. The Memorandum The Memorandum records the intention of KimCor and CFM to conclude a Sale of Assets agreement. CFM, holds title to the prospecting licences coinciding with the surface owner agreement. It is anticipated that a new company will be formed to hold the assets; KimCor will own 69 per cent of the issued share capital while a Black Economic Empowerment Partner and a South African national will hold 26 per cent. and 5 per cent. respectively (the "Holding Company"). The purchase price payable by Free State to CFM in consideration of the sale of assets shall be ZAR1,400,000 (approximately #103,000) payable in two tranches. ZAR100,000 was paid in early September, 2006, upon signing the Memorandum and a further ZAR1,300,000 shall be payable to CFM by Free State upon completion of due diligence. The exploration programme shall be funded by Free State. The 5 per cent. shareholding in the Holding Company contemplated above will be subject to a call option in favour of Free State, exercisable within 30 days of Free State making application to the DME for a mining licence. The value attributable to the shares shall be determined by independent experts meeting the requirements of AIM in terms of a Competent Person. Free State and CFM will both appoint independent experts to value the property and the average of the valuations will be used to calculate the price payable. Where the valuations differ by more than 20 per cent. each party reserves the right to appoint further experts. Commenting on today's news, Martyn Churchouse, CEO of KimCor, stated: "This is an exciting opportunity for KimCor; Koffiefontein is an advanced exploration project in the same region as our current assets. I am confident that we will progress to a Sale of Assets agreement and continue to build on our portfolio of exciting diamond projects in the Kimberley area." The technical content of this press release has been reviewed by the Non-Executive Chairman of KimCor, Professor Gordon Riddler, BSc, MBA, FIMMM, CEng, CSci, CMkt, MCIM, MCMI who has 40 years of experience in the mining sector and is a Fellow of the Institute of Materials, Minerals and Mining, a recognised professional association. ---ENDS--- |
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