We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kopane | KDD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 13.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 13.25 | 13.25 |
| Top Posts |
|---|
Posted at 07/8/2010 19:50 by andy Wendy,Some of us have helf for 10 years, there ares till SOME investors left! With regards to financing, FDI informed that they were financed to production at BK11 for around a year, then raised £12 million in a discounted placing! Now this fiasco, and I know one or two that are very disillusioned with management there, I can assure you! I think FDi had a very loyal group of shreholders |
Posted at 07/8/2010 16:08 by wdurham 123asd - Simple. There are FAR more AIM punters than there are AIM investors like us! Ergo, they control the share price - we can't because there aren't enough of us. And alternatively, I know some companies that are earning nicely and STILL get repeatedly trashed. VGM being a classic case in point. Traders using derivatives - spreadbets and T+ - rule the AIM market, and they are in and out in a day or two (sometimes only hours!) with their ha'pennies and pennies. It used to be tuppences, but they won't wait for tuppence any more. Mayflies, the lot of 'em. Value is no longer a concept that folk are willing to accept. All that matters is the ability to make a quick in and out profit. When you operate on margin you can buy so many that even a ha'penny is a very good return for a few hours... Once my few underwater stocks come good - and they will - I am out of AIM for good. I don't want to live in a betting shop, and that's what AIM has become. You can't even call it a casino any more - the surroundings are far too tawdry. |
Posted at 05/8/2010 18:03 by andy FDI are presenting at Proactiveinvestors.cRegistration : The directors of Firestone Diamonds (AIM: FDI) and The directors of Caza Oil & Gas (AIM, TSX: CAZA) will be presenting: Thursday the 26th August 2010, Chesterfield Hotel, 35 Charles Street, Mayfair, W1J 5EB The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception. This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists. The event is not suitable for people pursuing commercial opportunities. If you have any problems registering or queries please email events@proactiveinve |
Posted at 03/8/2010 10:57 by devil20 There's no doubt most investors were surprised re the deal with FDI. Most of us expected a reasonable cash pay-out. Hence disappointment takes both SPs down. But the big holders must of liked the deal. I'll hold on for an expected recovery in the share price of FDI. |
Posted at 01/8/2010 20:09 by fjp73 Exactly my point Wendy, and albeit the 74 pence was rumoured it was mentioned by a number of people, so a caveat of hear'say.I believe the tie up is best and certainly should enable a management team capable of going forward. As I stated there's a lot of water to run under this the FDI/KDD bridge before production, if they do so at all, well under the FDI logo anyway. Just some way off...However, if Obtala do want out, which I find perplexing in terms of the opportunity for a cash offer, at 15% ish holding the in the enlarged group, it could force FDI down around 40% in the short-term if there wasn't an engineered deal with other investors of course. If the latter was the case, there could be the potential for a premium to the current share price However, with the opportunity to cash in via many derivatives, you have to ask if an engineered deal would be not good for OBT in terms of maximising profit. If I wanted out of a 15% holding, I'd be CFD short, Spreadbet short and then go to town, in essence you could end up with a 4% holding (thereabouts) for free in addition to the cash from sale, 3 fold on the Spreadbet short and 2 fold on the CFD short, assuming the ratios of a 60% long-term holders in the enlarged group. Some massive profit...likewise the overhang could smack the share price for some 5/6 months. All hypothetical, but I think "if" the share price gets beaten up you know the answer! BW Fraser |
Posted at 23/7/2010 11:05 by hectorp I'm not tempted here now, but will stick with the FDI shares, even though G-S, you suggest FDI should be trading at 25.5p not 28.4p.Buying KDD now appears to have superficial technical attraction, but look at the dynamics of the overall situation especially the value aspects. Could that be because FDI can make economies and bring efficient and actual management and resources to the Lesotho kimberlites of KDD? Could it perhaps be that FDI will more rapidly bring the market to appreciate that there is indeed a $2.00 Billion plus value in there that for a change may actually be developed fully? Does anyone really expect the merged entity to be trading at 28.5p in three or six months? and it itself becomes a target for the larger diamond players. Lastly, is everyone here perhaps arguing pennies, when the merged entity provides a marvellous future for dedicated investors stumping up small change for Billions worth of diamond production over the next 15 years? I suspect FDI would buy our pensions in 5-6 years, but will probably be taken out long before. H. |
Posted at 22/7/2010 11:20 by pembury BMN- They already have a high % of investors that want the deal unless they are outbid then it will happen imo. |
Posted at 21/7/2010 17:09 by debbiegee Well I saw 2 problems today dont know which was the chicken or the egg.FDI investors did not really appreciate what they were getting and if not sure they sold. Thanx for posting the presentation and it may help if they or analysts take the time to study it. The other problem is that for a week there has been an obvious leak and I would bet my bottom $ that those buyers were all 1st out today. With the insiders selling on the announcement to bank their dirty money it would have caused confusion causing FDI holders to sell before taking the time to research or perhaps stop losses were hit. I have always maintained without the shares being under offer we probably would have acheivedd a higher share price this year instead of drip drip drip or at best static.We would have surely rose with Petra yesterday as a good example ! |
Posted at 14/4/2010 12:31 by seball Milymog on LSEJust rang KDD and spoke to Deb, it was not my usual phone call mode but more of a rant. First of all i told her that between me and and a number of fellow investors we hold a sizable stake in Kdd, possibly around 3% of the current issue and we are extremely disappointed in the way the news flow has been handled, in the last six months we have seen £15mil knocked of the market cap mainly through insecurity regarding a number of parties supposedly involved in a JV or T/O of the company whom we are not privy to, meanwhile the diamond industry is almost back at full flow and we have no clear indication of KDDs intent on mining or in effect working our money. Her reply...she is very aware of the discontent with the situation as it has been a longer process than anticipated . She said that talks were still ongoing and the recommencing of mining was imminent, yes imminent. I asked if the talks were progressing positively or were a bit stagnant at the moment. She said that talks were very positive and we should see news soon on all these issues, i pushed her on when news would come,would it be this week or at the latest next week.....she said i would think almost certainly yes but she asked not to be quoted on that. It was a less confident and a more apologetic Deb but that could have been my approach. Hope this helps fellow investors here....i am personally going to hold for a little longer but good luck to those who have had enough, nobody would blame you. I have got to nip out on business now so can`t answer any questions that you might have...see you all later. |
Posted at 04/10/2009 16:02 by rocky forte This article is not about KDD, but interesting nevertheless imo:Petra is no diamond dog Edmond Jackson 01.10.09 10:26 This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Last Tuesday's (29 September) preliminary results from AIM-listed Petra Diamonds (PDL) - an African rough diamond producer - merit attention for long-term capital growth and lessons for investing in any mining company. Note that operating costs have soared, an issue affecting the economics of all exploration and production (E&P) firms. The state of the diamond market is the key factor here, however. One investor I speak to remains wary that it is strongly influenced by De Beers, although it seems this giant is still at the mercy of economic volatility. Demand was hurt by the credit crunch, meaning price falls in the region of 60% for rough diamonds when more stocks of cut diamonds came onto the market as credit dried up. Petra shares were already falling from about 140p in early 2008, as credit tightened generally, then the price plunged from 100p with the crisis - to bottom out at about 25p. This sets a context for the price currently in a 60p range where Petra is capitalised at about £115 million. Producers of any commodity may over-react to the uncertainty surrounding an economic shock; then later on prices can get squeezed up as underlying demand resumes. (This has recently been evident in coal markets, for example, I have also commented on.) Global diamond production is forecast to be about 115 million carats this year, down from 162 million in 2008, and Petra says it is achieving prices 30% to 35% lower than its 2008/09 year to end-June. A bull point here is many other producers in decline and few discoveries to replace global reserves - so if demand steadily recovers then one of the few growing diamond firms like this will be prized. In its 2008/09 year, Petra achieved a key milestone surpassing its one million carats production target - from 200,000 carats in the previous year - and its gross revenue from mining rose 22% to US$69.3 million. However, acquisitions meant for complex accounting and headline group revenue slipped nearly 10% to US$94.4 million. So a caution is needed about comparing like with like in this set of accounts. A main issue that hits you in the eye from the income statement is a 70% jump in mining and processing costs to US$69.3 million. The South African electricity regulator has approved a price increase over 30% and this aspect accounts for about 10% of mine costs; also a 6% to 10% rise in wage settlements which represent 45% to 65% of mines' costs. This does not appear to be a full explanation since not all of Petra's interests are in South Africa, although soaring costs are well known to experienced E&P investors currently. Petra's exploration expenditure also rose, to US$19.7 million from US$14.5 million, and it is hard to determine the intrinsic cost rises relative to extent of activity. There have also been a total of US$75.2 million impairment costs, a reminder of the risks in opportunistic expansion, especially by acquisitions - which typically get 'gung ho' during a boom, then need squaring with longer-term reality. Petra has had to withdraw from several mines and write down interests in others. Not to excuse management on this score but it is another feature of the mining industry investors have to be steeled for. Currency fluctuations are another risk factor given Petra's production costs are based in the South African rand relative to diamond sales in US dollars, with the Rand recently strengthening. All this made for a US$93.9 million loss at the pre-tax level, so Petra was fortunate and timely in being able to announce the discoveries of "an extraordinary white diamond of 507.55 carats...one of the top 20 largest high quality rough diamonds ever found...also three other special white diamonds" at its Cullinan mine. Despite recent challenges there is a robust agenda for growth. Petra's 75% owned Williamson mine, the world's largest open cast kimberlite diamond mine, targets production growth from about two million tonnes to 10 million tonnes a year. The prelim statement cites "a feasibility study to establish revised economics under Petra management...importa Petra had US$ 11.1 million cash at end-June which although enough to fund ongoing trading is not deemed sufficient for medium-term development of mines and so US$ 30 million project finance is being sought which may include 'a small fund-raising' in the near future. If so then it will be interesting to see at what price any institutions are prepared to take shares. Directors own 8.5% of the group with 44% in the hands of Saad Investments, a wealthy Saudi fund. This and other institutions means there is not likely much free float in the shares, enhancing volatility. It is up to you to use that to your advantage. Also in terms of management 'equity' and following the prelim results, Petra's chief executive, finance director and technical director have each been granted 350,000 share options, and the chairman 100,000 options, at an exercise price of 45.5p - representing the previous 30 trading days' average mid-price. A further 2.6 million options are to be granted to management at the same exercise price and after this 9.7% of Petra's issued share capital will be under options which looks high enough dilution. At least it shows eagerness for exposure to the equity, albeit 'risk free'. So in a nutshell, if the economics of the diamond industry remain supportive then Petra's long-term development and takeover potential make it well worth watching to accumulate shares. If you read through the reviews of specific mines, some very long-term budgeting is disclosed. It is worth visiting www.petradiamonds.co |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
