Kimcor Diamonds Share Discussion Threads

[hyper al] 26/9/2008 09:24

none, except that this company is undervalued.

[bigwilly1986] 26/9/2008 09:23

Any thoughts on the ?500,000 trade?

[amazon_woman] 26/9/2008 08:48

3v1 now

AW

[amazon_woman] 26/9/2008 08:27

Something brewing online now 155k/15k 2.41/2.5

AW

Just gone

[hyper al] 25/9/2008 16:46

All about Bosele project.

[123asd] 25/9/2008 16:28

Yes indeed, grateful for small gains in the current market. Possible news tomorrow?

[amazon_woman] 25/9/2008 16:02

Online 155k/15k at 2.14/2.5 maybe about to pop higher. Only have a small holding but a profit is a profit bought at 1.92p.

AW

[123asd] 25/9/2008 15:42

Nice to see, but the volume is tiny, £1200 worth of shares.

Edit - a little more now but still minuscule.

[kenmitch] 25/9/2008 15:33

Wow! The share price is up 0.25p. No idea why but it's good to see. Hope the gain holds or better still increases.

[hyper al] 25/9/2008 14:28

Good results from the Bosele exploration Project is what will get this rocketing.

In fact I only purchased KIM because of Bosele.

Purchased at 4p, so way down. Not worried. If Bosele is what I think it is, then I will be very happy.

[dcroston] 25/9/2008 14:07

TM,

There is no point mining at a loss, that is why KIMCOR has/is making enhancements to the plants and equipment to improve production rates which prior to that were obviously not running at the required rates otherwise Dwyka would never have sold them in the first place.

I seem to recall having a conversation with a representative at KIMCOR and I'm fairly certain that they said bulk sampling was being carried out but like I said, I'd prefer if the focus was on production for the forseeable future as that is what will make the share price move.

[the mullah] 25/9/2008 12:57

Presumably they budgeted for the bulk sampling when they decided to undertake it some time ago. They should also be cash positive if they meet their production targets. What is the sense of mining if you do it at a loss?

[dcroston] 25/9/2008 11:39

I imagine that they will want to preserve cash and i would hope that the focus will be on production rather than exploration at the moment TM.

[the mullah] 25/9/2008 11:17

Some time ago they said we will have news on the Tanzanian kimberlite bulk sampling end of September. Another credibility point coming up for Churchmouse and his sycophantic praisers

[dire cons] 24/9/2008 20:00

A well reasoned post as always kenmitch, and I would agree that the distinct whiff of a certain rodent is apparent.

I was thinking of averaging down (don't have a large holding anyway) but glad I haven't so far. Positive news may change that view but for now......

The silence from KIM is deafening.

[kenmitch] 24/9/2008 15:38

If it was the first of the two alternatives then the obvious thing to do/to have done is to provide an update. In this market the shares might not go much (if any) higher on the news, but it would at least reassure long suffering investors. I know they don't have to update - but the mind boggles at the thought that they are cheerfully hiding good news and will then hit the market with a lot of lovely surprises.

My conclusion based on the lack of news - which is what happened with expected good news re Bellsbank a good while ago - is that when we get an update it will be bad.

I'm just hoping that it is not bad enough for the shares to be worthless, and also that they won't need to raise more money, which may well be a non starter. The share price is already discounting bad news so the hope must be that they are at least breaking even. Too much to hope that even if they aren't managing 15,000cpm that they are getting somewhere near? That would at least mean that the shares might hold their present level and we can all dream of better news and a higher share price one day in the distant future.

We never stop learning at this game. I've never really got to grips with this share but have cottoned on far too late - as I did earlier with GTL in a different sector - to this obvious fact, that it has to cost them less to mine the diamonds than they get for selling them. So I now realise I took far too little notice of the fact that KIM have been very vague on this point.

Somehow too the market always seems to know.

With hindsight - since I had cottoned on to the market nearly always knows, years ago - I should have sold ages ago. Now, (and I guess others are in the same position) the % losses are so big (but fortunately my stake isn't thanks to my rule of never investing too much in shares I don't fully understand) I might as well risk losing what is left.

A shame for those who have lost more and who believed the hype, but then remember the key point of never investing more than we can afford to lose and also not to blame bullish posters here for our investment mistakes. Anyway it might not yet come to that as it is just possible that even now we'll all end up holding a winner. Dream on!

[dcroston] 24/9/2008 13:45

The share price will have no choice but to go up if the next update states that the company is still on track to achieve an annualised 200,000 carats per year by December (roughly 15,000 cpm), and if thats what gets reported then we will quickly see a return to the 5p level we saw only a few months ago. And if the company continue to maintain that 15,000 cpm rate over a number of months you will see the share price strengthen further.

On the other hand, if the company misses that December target date then we'll see further weakening of the share price and if the company has ran out of cash and not able to borrow or not operating well enough to sustain itself then obviously things start to look fairly grim.

Its not really rocket science is it.

[amazon_woman] 24/9/2008 12:00

L2 gone positive 2v1 and online shows 100k/15k 1.88/2p. Looks like it wants to go up.

AW

[the mullah] 24/9/2008 11:51

With Churchmouse's record cesc2 could well be right.

[dcroston] 23/9/2008 19:30

Do try not to worry too much cesc2, its bad for your health you know. :o)

[cesc2] 23/9/2008 17:38

I fear the next 2 updates will wipe out shareholders once and for all.

[dcroston] 23/9/2008 16:40

Well, I was told last week that we are very close to getting an update but when that will be i wouldnt like to guess..............oh, go on then I'll stick my neck out and say this week.

[mirandaj] 23/9/2008 16:24

"The Company's next annual results will be for the 15 months ended 30 June 2008
and are expected to be published by 31 October 2008."

Things change in mining as you know. No doubt there will be an update in the results if not before. Not too long to wait - just a few weeks.