Kimcor Diamonds Share Discussion Threads

[barker haines] 06/8/2008 13:00

Too true Hyper.

This looks cheap but I'm not dipping in until there's confirmation of previous promises regarding production expansion and some indication of the profitability of the ops. Tailings ops with production at ~$70-80/ct have to be run lean & mean, esp with current fuel prices. I think there's generally way too much obfuscation from AIM companies and Kimcor has notably failed to deliver before with the Bellsbank tailings.

[hyper al] 06/8/2008 12:24

Barker Haines

We know this, but the UK market want's to see the goods before it buys the shares. In Canada or Oz the share price would be way up by now.

I see this as a buying opportunity, or will the price go lower?, to be honest I thought 4p was a bargain!

[barker haines] 06/8/2008 11:52

I think it's crazy that they continue to keep shareholders in the dark. Why was there no confirmation yesterday of the successful ramp up of operations at SM14, Newlands and Blaaubosch, as promised in their 11 June RNS?

"SMI4 expansion remains on schedule for a significant further increase in production rate within 6 weeks

Newlands mine to double mining and processing capacity during June

Blaauwbosch mine on schedule for a four fold increase in kimberlite mining during June"

Makes you wonder...

[hyper al] 05/8/2008 23:11

The Mullah

I agree with you, it's crazy. I'm down just 56%!

Kimcor would be better listing in Canada or Australia, why bother with the UK where investors do not have a clue about this sector.

[the mullah] 05/8/2008 22:13

KimCor Diamonds Market Data
Currency UK Pounds
Share Price 2.25p
Change Today 0.000p
52 Week High 8.75p
52 Week Low 2.25p
Volume 211,226
Shares Issued 268.27m

15:49 70,285 @ 2.15p
13:40 25,000 @ 2.50p
12:15 25,000 @ 2.40p
11:48 70,285 @ 2.40p
11:40 20,656 @ 2.40p

[hyper al] 05/8/2008 14:36

This share is just so exciting.

Come on MM's please make it a bit more fun!

[hyper al] 05/8/2008 13:23

does not look like this news is going out with TFNF

[hyper al] 05/8/2008 12:15

cesc2

Should do from RNS just released

"10,023.55 carats of diamonds recovered and sold for a total of US$708,181.95
representing an average sales value of US$70.65 per
carat;"

"As at 31 July 2008 a further 4,330 carats remain in inventory, which will be held
for future tender."

What were dcrostons fears? Lack of production? the above figures look quite good!

[cesc2] 05/8/2008 12:09

does this rns answer dcrostons fears ?

[hyper al] 05/8/2008 12:06

cesc2

Diamond sales RNS issued at 11.17

[cesc2] 05/8/2008 11:55

hyper

noticed what ?

[hyper al] 05/8/2008 11:45

sgfund2

I'm going to have to sell some other stock, to buy more.

MM's have not noticed yet!

Keep it between us just for now.

[sgfund2] 05/8/2008 10:58

4p by the end of this week?

[the mullah] 05/8/2008 10:38

Next level 1p?

[kenmitch] 02/8/2008 10:34

Thanks.

That you are failing to get an answer to your very good question could be because of not wanting to risk giving you any market sensitive information/breaking regulations.

Like you I'm getting more nervous by the day.

Last time I tried contacting them - it was ages ago - I gave up as there was never anyone available so maybe that is their style. Doesn't instil much confidence though does it?

I'm tempted to have another try but doubt I'll get anywhere, so for now will wait and see if they can reassure you at least a little bit!

[dcroston] 01/8/2008 19:28

No Information I am afraid so far. I have been invited to London numerous times for coffee and a chat via email but so far KIM are being very evasive toward answering any of my questions and in particular the one I mentioned in my earlier post. As soon as I get a response i will post it here.

I'm really hoping that my gut feeling is wrong about KIM (maybe its just a typo) but I am getting more nervous about my investment as each day passes.

Just to add, if KIM produce anywhere near the targets they have set themselves then they will prove to be a very cheap investment indeed, even at 4.5p.

As always DYOR and no advice intended.

[kenmitch] 01/8/2008 14:22

dcroston.

Presumably you failed to get any information?

This is a total guess but with previous good news met with a tiny rise in the share price followed by falls to new lows, maybe this time they are saving up masses of good news so that the market takes note at long last.

Or is this wishful thinking with more sinister implications behind the failure to update as expected?

Either way presumably we'll find out soon one way or another.

The shares look so cheap, but I thought that when they were over twice the current price!

[dcroston] 30/7/2008 12:21

Will Let you know later today hopefully.

[hyper al] 30/7/2008 11:04

dcroston

Did you get any answers?

I'm hoping for some good sales news soon.

[dcroston] 22/7/2008 13:16

TM,

The May production of 5,173 cts was being held in inventory for sale with June Production so I expect they may have sold them by now or very soon.

I will ring them up this week again and see if I can get some answers to some questions I have.

[the mullah] 21/7/2008 23:06

Good question DC. I would not mind the answer from Churchmouse either. We also never received an answer what happened to the original production announced. There never was an announcement of its sale.

[dcroston] 21/7/2008 01:00

Mirandja,

Read my post properly and you may understand the point I am trying to make. My point is in relation to the previous annoucement which I have an issue with and the questions that I ask are in relation to this.

The facts do not add up at all to me and that is why I have raised the question.

DC