Kimcor Diamonds Share Discussion Threads

[hyper al] 30/4/2008 13:09

I don't think ADVFN should publish the Market Cap, if they can't get it right. It's misleading information.

[hleb] 30/4/2008 12:11

mkt cap is 10.40 m

[dire cons] 30/4/2008 11:46

think 12m ish market cap is about right?

[dire cons] 30/4/2008 11:18

hyper al, check market cap. Seem to recall there was a large new issue to cover the Dwyka take over. Can't access data at the mo, on phone.

[hyper al] 30/4/2008 09:43

Firestone have a mark cap of £99million.

If KIM find a small Argyll type deposit, then i'm sure we could hit that level

[hleb] 30/4/2008 09:26

level 2 improving.No sell yesterday so my guess is another rise.

[hectorp] 30/4/2008 08:30

AL

good luck with it, is interesting, will stick on 'watch'.
H.

[hyper al] 29/4/2008 23:11

I LOVE THIS! Could I be lucky this time?

"Early indications are that the Bosele volcanoclastics intrude a water-rich environment similar to that postulated for Argyle in Western Australia. "

"When two bulk samples recovered from Bosele were submitted for kimberlitic indicator mineral studies in 2005/06, the first produced 40 diamonds and the second eight (there were no attempts to recover micro-diamonds). While the bulk samples were relatively small, these results are considered significant."

from



ALSO a MUST read

now read this from

"Argyle Diamonds is the world's largest supplier of diamonds, producing approximately 30 million carats each year from its operations in the East Kimberley region, in the remote north of Western Australia. The company's production accounts for approximately one-quarter of the world's natural diamond production."

"Argyle commenced mining its main ore body in 1985, and has since produced more than 600 million carats of diamonds, ranging from gem quality to near gem and industrial diamonds. More than 90% of Argyle's diamonds are destined for the jewellery industry"

[hyper al] 29/4/2008 22:43

Looking at the KimCor website



I think it is amazing what you get for a company with a market cap of just
£2.89 million!

A lot of assets for your money, well I think so.

[hyper al] 29/4/2008 22:28

All KimCor's projects are very respectable just look at the De Beers JV



I have followed this company for a while from when Gordon Riddler was involved.

Is he still around or involved?

[dire cons] 29/4/2008 21:50

dc. Mike Walters.

[dcroston] 29/4/2008 19:39

D.C.,

What is MW? and who is the poster? Understand if you dont want to name names.

Cheers,
DC

[dire cons] 29/4/2008 19:11

Hyper Al re. increased vol yesterday. Could be down to some bullish comment from a highly respected MW poster? He's still holding and reckons they look very cheap considering recent news. That gives me some comfort and I will be adding to my holding.

Hope this helps, and just because not many people post, I bet there are many invested and just lurking.

Good luck.

D.C.

[hyper al] 28/4/2008 19:23

Not many investors on this BB in KIM, well not yet!

[hyper al] 28/4/2008 15:43

What sparked today's increase volume?

Looks like investors can see some potential.

[dcroston] 28/4/2008 13:22

This share also appears to be very receptive to any small amount of selling or buying. Not alot of buying today, yet a sharp rise up. If the buyers do come back to Kimcore then we may well see a sharp rise in the share price fairly quickly.

Always, very sceptical of this type of buying.......whats the bets of a news leak and an announcement soon.

[dcroston] 28/4/2008 13:17

Hyper Al,

Theyll exceed 200,000 carats per year comfortably if they hit their targets Al which so far they have for Newlands, Nooitgedacht and SM14, with Supermix which is making a profit thrown into the equation we have a business that is on the up. Also, add to that further planned production production rate increases for SM14 and Nooitgedacht we are definitely on the right track.

Still some questions surrounding Bellsbank and Blaauwbosch but things are looking a hell of a lot better than before.

Regards,
DC

[hyper al] 28/4/2008 12:35

dcroston

Remember thay may also find more $200,000+ stones.

[hyper al] 28/4/2008 12:33

Well I think this company is going to bounce back in a big way, we are just at the bottom of the cup and it appears we are about to float up the other side.

[hyper al] 25/4/2008 18:55

dcroston

Thanks for your post and have a good weekend.

I'm still looking for Diamonds in Scotland!

[dcroston] 25/4/2008 15:43

Ok Ceckyspunt.

Hyper Al,

Just to add to my earlier comment. I feel this share is difficult to gauge short term and by that I mean up to results time in September. I can only very roughly guess what results KIM might post in september but I am assuming a good set of results would be £2.5m+ loss which would be up approx £0.7m up on interim results. If I am correct, we should see a steady rise beyond that assuming estimated operations targets are maintained or bettered.

The difficulty is gauging just how much cash they have left and whether they'll need anymore. From what I can tell, the company has zero loans and had a fairly healthy bank balance but Its not clear how much of the development cost have been paid for the work done so far. Assuming, Development costs are approx £1.8m that doesnt leave a whole lot left from the cash £2.2m but if the company is making a net profit on its operations then that cash figure will soon increase and with no debt then this company would be looking good IMHO......time will tell.

I've also been paying attention to the falling rand which hasnt been that favourable but that appears to be heading in the right direction again now.

I'll hopefully try and get back with a better estimate in the not too distant future.

DC

[ceckyspunt] 25/4/2008 15:14

guys,
by the way i just closed a T20 position for 3.99p and appear to have caused the share price to fall 0.25p!...the mid price is now below what i sold at...strange but true!
dont worry, im not bailing out, just tidying up my positions, i can buy back at less than i sold already!

[dcroston] 25/4/2008 15:07

Hyper Al,

Ditto.

DC