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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Namakwa DI. | NAD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.125 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.125 | 1.125 |
| Top Posts |
|---|
Posted at 30/1/2013 15:26 by jimbobaroony Just phoned investor relations:Investor and Media Relations Simon Hudson Tavistock Communications 131 Finsbury Pavement London, EC2A 1NT Tel: +44 20 7920 3150 Was advised that there are no significant holding left in the hands of institutions and the the remaining free float of shares is in the hands of private retail investors. These shares will have to be bought on the market or via an acceptable offer. a 90% holding is required to force a buy out. I have added about 40% to my holding. |
Posted at 18/1/2013 10:30 by onceabroker I see the price has jumped to almost 1.42 today for polished diamonds, after languishing below 1.39 for the last few months. It seems to have broken it with some conviction today, and it couldn't have come at a better time when we have our tender live.Perhaps the following news today has started to see a effect on the market already: Rough diamond prices likely to increase as DeBeers, ALROSA tighten supply 18.01.2013 Rough diamond prices increased by more than 20 percent each year since the post crisis era as producers struggled to keep pace with demand. However, this changed last year when prices eased by 16 percent, according to data compiled by WWW International Diamond Consultants. Polished prices were also not spared by the tide. The RapNet Diamond Index showed 1-carat diamond prices fell over 12.5 percent while 3-carat diamonds fell more than 11 percent. Metals and mining analyst with Laurentian Bank Securities Éric Lemieux said sustained economic hardships in several parts of the world as well as China and India's relative slow down had caused a negative impact. He said the dismal global economic climate was having its toll on the robustness of demand. "Diamonds are luxury items that do not necessarily fare well in a recession and speculative purchases of gems have been dropping," said Lemieux in an interview with Investor Resouces. "On the supply-side, mining operations are getting more and more difficult to permit and environmental constraints and social acceptability being key challenges beyond the typical geological parameters. "If there are signs of improvement in the U.S. economy, combined with China's and India's growing middle class, global diamond demand may eventually put pressure on the depleting diamond production supply-base." High rough prices Rockwell Diamonds said recently that with improving diamond prices since the beginning of November 2012, the market was positioned to increase by a few percent in 2013. This view, it said, was supported by good interest at the Hong Kong show in November 2012 and increased attendance at open market tenders. "Reflecting this trend, Rockwell also experienced higher attendance at its closing tenders for 2012 supporting higher prices and providing some evidence of a more stable market than in previous years," the miner said. De Beers also said late last year that it expected stable production in 2013, thereby pushing prices high. "The supply is going to be constrained next year so we have an opportunity for further price growth in 2013," chief executive Officer Philippe Mellier said in an interview with Bloomberg Television last month. "This year [2012] we're going to produce around 27 million, we will be around that number next year." He also said that growing Chinese demand would help bolster prices this year. Anglo American said Chinese and Indian demand accounted for about 20 percent of global diamond demand in 2012 and that share was expected to rise to 28 percent in 2016 as the diamond market grows from $23 billion to $31 billion. Premature A Rapaport research report released this month noted that manufacturers who gained slightly better profit margins in December, expressed concern that De Beers and Alrosa might raise rough prices in the first quarter as they continue to limit supply. However, group chairperson Martin Rapaport said that forecasts for pending diamond price increases were premature. He said that the jewellery trade should be careful not to inflate prices by buying diamonds on credit. "Given expectations that the fiscal cliff will reduce demand for luxury products due to higher taxes, increased unemployment and reduced government spending, responsible companies should refuse to buy diamonds at prices that do not allow for healthy profits," he said. "Buyers should just say no to high prices. The real value of diamonds must be based on real money from real buyers." Best regards John |
Posted at 28/3/2012 22:16 by illuminati1 NAD tipped on motley fool 28.3.12Since all the biggest diamond miners are out of the investing reach of most private investors, what diamond opportunities do exist for UK investors? To form a starting point for further research, I screened UK-listed diamond miners for companies with modest prices and cash in hand. The contenders Let's take a quick look at the top five contenders by size, price-to-earnings (P/E) ratio and price-to-book value (PBV): Company Market cap (£) P/E PBV Petra Diamonds (LSE: PDL) 907.46m 22.5 2.09 Gem Diamonds (LSE: GEMD) 381.62m 9.8 1.5 Firestone Diamonds (LSE: FDI) 32.89m 3.18 0.75 Namakwa Diamonds (LSE: NAD) 17.42m - 0.41 Stellar Diamonds (LSE: STEL) 15.9m - 1.32 Source: Digital Look, FT My two picks from this list are Gem Diamonds and Namakwa Diamonds. Gem recently reported tripled profits for 2011 and is on course to double the capacity of its Lesotho mine by 2014. It has the potential for steady growth and already has higher revenues and profits than its FTSE 250 rival Petra, which looks a bit expensive to me. Namakwa is a more speculative punt. Despite 2011 revenues of about £58m, it made a horrendous £32m loss last year. However, it is forecast to break into profit this year, which could spur share price growth from a current low of just over 5p. |
Posted at 09/2/2012 12:19 by mirabeau production just round the corner ala SHGrobbie burns looking in as well, a good value investor |
Posted at 12/12/2011 20:05 by baffins Very good to see a corner being turned after the very rough months past. The recent Investor Update give us a nice insight of the current status now that the loss making operations in the DRC have been offloaded and also SA mining already showing positive operating cash margins after recent drastic cost saving cuts. We also have Kao which has been quickly brought into production with the first tender planned for January 2012.Also nice to see the continued presence of "specials" (10.3carats or more) from the SA alluvials including a very recent find of a 37ct stone. This area has history of top quality stones and even the RoM stones command a high carat values. This area, around the start of the year, produced a 7.53ct rare vivid orange which achieved the highest known rough price for such a stone at US$176,713 per carat and also the 26.74ct D(IF) Type IIa sold for US$44,000 per carat. If the recent 37 carat stone is of a similar Type IIa quality we are looking at a single stone in excess of $500,000, even at a lesser quality I would still say we have a stone valued at approx $400,000. Would be nice to know the exact cash costs of SA but we must trust the new management and they have recently declared it is running at a cash positive basis. They estimate 20,000 carats for FY12 therefore approx 1,650 carats per month. If they can maintain this production rate we would see revenues approx $890,000 per month based on the Venmyn model average of August 2011 ($511 per carat SEN and $576 per carat Northern) EXCLUDING any revenues from the "specials". I note the FY2012 production target ore tonnage for Kao has decreased slightly (300,000 tonnes) from the 23 November 2011 update to the most recent one but the estimated 200,000 carats remain the same. This is a good sign as it indicates cpht has increased slightly in a short period of time since production commenced and also the ore reduction would equate to a FY saving of approx $5,000,000 ($16.6 per tonne cash cost). Using the ore tonnage costs as the economics 200,000 carats for FY12 would see approx 16,500 carats per month and based on the latest tender values (June 2011 @ $372 per carat) this would see revenues of approx $6,100,000 against production costs of approx $3,000,000 (approx 183,000 tonnes of ore at $16.6 per tonne). Costs per tonne as opposed to revenue per tonne is, in my opinion, the best foundation to base economics and I also believe these cost will decrease as mining progresses. I also believe that some large high quality stones will be unearthed as the pit deepens. I am looking forward to the future. |
Posted at 02/12/2011 09:04 by joeblogg2 500k buy ? Looks like investors slowly awakening to the potential here |
Posted at 01/11/2011 13:01 by topnotch JR50 >> It was not my intention to boast - my gripe was with The Merlion who constantly deluged this thread with 'facts' and threatened legal action against anyone who had a contrarion view (me especially).The point of these boards is to give investors a balanced (and hopefully) an informative viewpoint. Untimately the decision lies with the investor to part with their hard-earned cash but if they are unable to even hear a criticism against investing then the ultimate responsibility lies with the perpertrators of the censoring actions which prevented discussion on these threads. And no I am not a holder and I have never been a holder - this one only came to my attention because, unfortunately, it was the biggest faller of the day. On further cursory investion I was agast at the decimation of shareholder value. I previously held stocks in the last tech boom which lost 90% of their value so I am more than experianced enuff to know they NEVER recover, however, I sold enuff on the way down to make the experiance all worth while. All things considered please accept my sincerest appologies if I have inadvertently offended any holders of this share, and my condolances to those suffering any losses nuff said... |
Posted at 26/10/2011 12:42 by jr50 RAPAPORT... Rio Tinto Diamonds closed its Argyle pink diamond tender this past week, reporting strong Asian demand and continued price appreciation for the rare gems.''The collection was keenly contested by investors, collectors and luxury jewelers, with the final results demonstrating significant global reach and continued strong price appreciation,'' said Jean-Marc Lieberherr, Rio Tinto's general manager for diamond sales and marketing. ''In short, the world has developed a real passion for these natural treasures.'' The collection of 55 stones mined at the Argyle mine in Australia were cut and polished in-house by Rio Tinto's polishers in Western Australia. The collection included a record 11 heart-shaped stones, which generated strong interest, particularly from Australian and Asian bidders, according to Josephine Archer, the manager of Argyle Pink Diamonds. The largest heart-shaped stone in the collection, a 1.31-carat fancy intense pink diamond, was sold to an unnamed buyer in China, where Archer explained Rio Tinto is investing to raise awareness and understanding about the market. Rio Tinto reported that bidders in Japan found considerable success in the tender, including the acquisition of the Argyle Alanya, an oval-shaped, 1.06-carat, fancy vivid purplish-pink diamond. ''Japan remains the largest consumer market for pink diamonds, with all shades of pink diamonds in strong demand by Japanese jewelry designers,'' the company noted |
Posted at 25/10/2011 14:33 by onceabroker i cannot see why some of the bigger investors have not come into NAD so far, revenue last year was 82m and for this half year we had a reported 45m, which is about 3m behind 2010 half year, we should be looking at above 78m revenue on the annual report on Tuesday, we have more or less done capex for KAO, and it should be turning into a revenue/profit item this month onwards, the disposal of the loss making DRC will have a impact on revenue, but the ramp up by KAO will not only compensate, it will exceed. it has to be turning a profit in the first quarter of 2012 with the expected 4 month ramp up at KAO.so putting all that in perspective, at this vital point in the company's turning point from loss to profit, we have a market cap of 21m against a in-stream of revenue of 78m+ for 2011 we are mining in a relative moderate area, this is no Zimbabwe where we have to discount 30% due to government risk stability?? on revenue alone we should have a share price of 36+ on comparable. lets hope the euro issues sought themselves out tomorrow, because we are being driven to outrageous and incomparable market caps by brokers and market makers, who seem to be spooked by any little news item, however trivial |
Posted at 05/9/2011 11:12 by the merlion Andy, you have just embarrassed yourself because you have totally confused quotes.Take another read and try to understand what is in front of you before you comment. You can say sorry after you understand. As above which I stated last Thursday: Secondly the comments involving the $30m finance facility which was initially announced in the Interim Management Statement released not so long ago on 11th July 2011. Now, a recent article by Growth Company Investor states that this facility was to be provided from an unnamed investor, not investor(S) and we should bear this in made in relation to the most recent news. Within these comments of the latest release it states the facility "is NO LONGER AVAILABLE ON THE (original?) TERMS DISCUSSED, HOWEVER the Company REMAINS IN NEGOTIATIONS WITH THE FUNDING PROVIDER (not providers) and is actively seeking alternative funding sources". Therefore, I see this as the company is still in talks with the original single provider of the $30m but to come to some sort of agreement the terms have to be altered. I am aware that nothing is certain and the facility may be pulled entirely but we must also have to consider the current state of play at Kao as explained below. Within the Interim Management Statement the company also stated "a new 500 tonne per hour dual-processing plant in the construction phase, together with on-site civil works and the necessary slimes and freshwater containment facilities for Phase 1 commercial production" and "maintains sufficient working capital to allow operations in Lesotho to move into Phase 1 commercial production on schedule". The latest release informs us of the project only being "delayed by a couple of weeks" and "Phase 1 commercial operations at the Kao kimberlite mine in Lesotho are on budget and scheduled to commence in mid-October 2011". For me, I see the $30m funding issue having no direct inpact on the current status of Kao in the sense of where they are now and where they actually wanted to be at this stage. Basically we are a couple of weeks delayed and Phase 1 commercial production will start mid-October 2011 with or without the $30m as it does not have a direct impact on Phase 1 commercial operations starting very soon. |
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