Ly Disrup Tech Discussion Threads

[askewg] 26/6/2008 11:11

In my opinion this has always been a long term hold... Sit back, go enjoy yourselves...


:-)

[tippingpoint] 26/6/2008 10:16

Well I wouldnt call £150mn of diamonds in the ground a small resource (particularly with the unexplored potholes etc still holding potentially more resource

But I know what you mean

[the drewster] 26/6/2008 10:02

Not going to happen. However, in this day and age, and with diamond prices where they are, it is not crazy to think a small diamond prospecting joint venture might not become worth several times its current valuation

[tippingpoint] 26/6/2008 09:29

Anyone fancy another diamond rush at Grasfontein

[tippingpoint] 25/6/2008 20:44

Well worth reading the Background to Prospect above - if you like your history etc....

[tippingpoint] 25/6/2008 18:04

I suppose optimistically - they have been running for nearly two weeks now, so operationally one would expect the loading, conveying etc is working as no rns to confirm otherwise.

The question is - what rate of recovery are they achieving?

[tippingpoint] 25/6/2008 18:03

OOps well it cant go up in a straight line I suppose!!!

[askewg] 25/6/2008 12:50

I'll be topping up my tan when i sell these! LOL.


BTW H D shoring, that is an interesting question.

[the drewster] 25/6/2008 12:41

In the queue?

[askewg] 25/6/2008 12:31

I know it was bound to happen but those people selling over the last few days are mad!

When I get paid at the end of the month... I AM TOPPING UP!

[h d shoring] 25/6/2008 12:24

Does anyone know if this process is capable of other uses ? recovery of other gemstones /sorting of materials etc .

[waldof] 25/6/2008 12:01

Drew;
Bear in mind the mm's have been taking a lot of stock on board of late.

These are small sales and, in my opinion, of no significance.
I guess many on here will be watching like hawks for any buying pattern over the next couple of weeks....ready to pounce and add!!

The shrewdies will be doing it before then......working on an absence of sellers as their trigger.

As Jimmy G. used to say ...." if you can see the bandwagon it's to late.."

(Now where do i stand having said all that !!!! )

[h d shoring] 25/6/2008 11:50

Me and my big mouth .destroyed all tippingpoints ramping efforts with just a one liner .
maybe mms just flushing out a few shares prior to what has to be an imminent update .

[masurenguy] 25/6/2008 10:17

Well after the last two Sells the MMs have dropped the Bid by 0.25p.

[the drewster] 25/6/2008 10:00

Amazing to sell at this stage. News likely within weeks, and if proven, then the rise will be significant and the chances of getting in quick virtually non existent.

If however, they know more than me and it's all been a damp squib, then fair play to them and well done.

[h d shoring] 25/6/2008 09:58

Some small short term holders appear to be selling up.No effect on share price yet .

[tippingpoint] 24/6/2008 10:11

Added admission doc courtesy of rd on other thread:

[rd1881] 24/6/2008 10:00

a report on the IP/patents can be found in admission document - p.36 all applications were successful i believe:

[the drewster] 24/6/2008 09:17

I think this week may be a little optimistic.
I believe there is every chance of an update before the end of July though, recovery rates should be proven and can be confirmed (or otherwise), cost of disposal needs some clarity, and average price per carat of the quality of diamonds they find ... then we either have lift-off, or capitulation. I believe the former to be more likely.

[tippingpoint] 23/6/2008 09:12

added to UPS for this week.

[tippingpoint] 22/6/2008 21:52

And from the last results:

During the six month period the Group achieved a significant milestone in its
development as it commenced mining operations using its small pilot plant, which
operates two Laser Recovery Units (LRU) at its Grasfontein mining JV at the end
of October 2007. Mining operations were focused on the tailings deposits on
Grasfontein and diamonds have been successfully recovered at a grade which is in
line with our expectations. These diamonds will be sold on tender during the
coming months at the appropriate time in order to secure the best possible
price. As such the Group looks forward to recording its first revenues in the
second half of the financial year.


So looks like we can expect confirmation of first revenues very shortly.

[tippingpoint] 22/6/2008 21:27

More info in the header - will add more next week.

[tippingpoint] 22/6/2008 18:19

where did that come from FH?

[fitehills] 22/6/2008 17:32

I understand that an update on progress will be issued before mid July.No ramp intended don't know how its going but reading between the line good. AS always DYOR

[tippingpoint] 22/6/2008 17:22

Think I will put this on ups again in the hope we get positive processing info soon