Kopane Share Discussion Threads

[watchout2] 21/7/2010 11:59

Made my day that !

Kdd offer and topinfo and amazon woman were not holding :-))

[holts] 21/7/2010 11:58

seems my price of 18p was optomistic

[pointerlou] 21/7/2010 11:58

RNS out.

Offer 17p

[nick rubens] 21/7/2010 11:49

Had enough, I'm out for now. lol I've foxtrotted oscared.

[nick rubens] 21/7/2010 11:38

Is the bidder waiting for a certain rise in the price of diamonds and the market showing further signs improvement before bidding? I see GEMD struggling a bit (claiming with production though.)

[half a scargill] 21/7/2010 11:26

We certainly have a buyer in the market for these.

Now if only the seller would foxtrot-oscar, we could really see some headway.

[nick rubens] 21/7/2010 10:49

I've decided to hold on for the outcome. Either we get a decent priced bid or we get to own the diamonds that are supposed to be there and KDD start extracting and selling them. It's a very tight lipped scenario. Not even a rumour of who the potential bider is meant to be?

[chrisdgb] 21/7/2010 10:40

Interesting that Graff are increasing their holding in Gem Diamonds, someone has been hoovering the volume here as well...???

[debbiegee] 21/7/2010 09:29

Petra diamonds moving up nicely today

[123asd] 21/7/2010 09:24

Nick - I think it's more a case of not knowing what the price will be, and if it will be all cash, or cash and shares and in what proportion and ratio. Anyone buying at 20p after the share price had been pushed up, for example, would look foolish if the deal, when announced, was, say 15p cash and the rest in shares.

[nick rubens] 21/7/2010 09:13

123asd and pembury, Yes sorry I meant nothing has happened in terms of the price of the shares. The market seems very skeptical of much of an offer price above this level.

[city2009] 21/7/2010 07:51

JOHANNESBURG (miningweekly.com) – Africa-focused miner Namakwa Diamonds' flagship Kao diamond project, in Lesotho, was on track for phase-one commercial production to start in September next year.

In an interim management statement released on Tuesday, CEO Nico Kruger said that the development of the company's mining division was on track.

Early stage metallurgical test work at the mine had demonstrated positive results, with preproduction to start in January 2011.

At 19,8 ha, the main kimberlite pipe at Kao was the largest in Lesotho and the fourth-largest in Southern Africa.

The Aim-listed company, which was working on the project in partnership with Batla Minerals SA, Lesotho investors and the government of Lesotho, expected phase one to deliver about 1,1-million carats, with ten-million tons of weathered kimberlite being processed to produce about 700 000 ct and 2,5-million tons of hard rock from a quarry being processed to produce a further 400 000 ct.

Phase two of the project was expected to increase production to five-million tons a year over the expected 40-year life-of-mine.

Meanwhile, in the Democratic Republic of Congo, where Namakwa was doing development work near the town of Tshikapa, full-scale output was expected to start in the first half of next year.

Namakwa held resource assets on the Kasai river, as well as the rights to 41 alluvial and kimberlite concessions on the Mbelenge, Longatshimo and Lubembe rivers.

Some river diversions had already been put in place, while more would be implemented in August, to increase production capacity and to extend the mine life of the area to between three years and four years.

In South Africa, production capacity at the company's North West province assets had increased, in part owing to the completion of the ramp-up of a dense-media separation plant to a capacity of between 350 t/h and 400 t/h

[pembury] 21/7/2010 07:10

Nick- Been upgraded since then to $2.7bn

[parsnip884] 21/7/2010 06:10

Its like catchphrase. Say what you see.

[parsnip884] 21/7/2010 06:10

Blue sky ahead ?

[arf dysg] 20/7/2010 23:49

Half a Scargill, maybe he's just bending over?

[half a scargill] 20/7/2010 22:58

Arf - you are way off.

that starlike blast of light to the left of the picture is Mr Scholaro, unveiling the first ever billion carat gem from our mine!

[arf dysg] 20/7/2010 22:40

B M N 1, are you being too subtle for us? At first sight, it looks like a rather clear and lucent sunset. To put it another way, that's the first thing I think of as I've seen rather more sunsets than sunrises.


...but perhaps you mean this is a false dawn? Time will tell.

[123asd] 20/7/2010 15:45

Nick - except of course that the present value, at least anecdotally, has increased..."...a strong recovery in rough diamond prices". See PDL's RNS today.

[nick rubens] 20/7/2010 15:38

Still holding these for the bid. Its taking it's time and nothing much has happened since the KDD £1.5 billion worth of diamonds headline.

[b m n 1] 20/7/2010 12:56

Ah well, yet another one...........

[parsnip884] 20/7/2010 11:29

Good thinking noddy.

The buyers always know more than the sellers when you're long and vicey versee.