Namakwa Diamonds Share Discussion Threads

[barnsey] 13/4/2012 15:52

The link is obvious,nearly all directors of Sputnik Group are involved in the
Renaissance group and i tend to agree with you onceabroker some sort of deal is
in the process of being fine tuned and should provide base for a strong future
once cash positive, July onwards.

[onceabroker] 13/4/2012 15:38

BBR

I fully rate your posts, they are adjective, well researched and always posted to go along with your personal investment strategy(IMHO), looking back at the posts you have made, they are always on the forum of a company in trouble. If I maybe so bold as to suggest, you do seem to come across as a very professional shorter of a stock, not the usual posts of " sell / going down the pan / fat lady's singing and last one switch the lights out" posts that normally follow a distressed share. Your posts are clever, well researched and well executed.In summary, you do your job well!!

Ok, you seem to be implying that our Russian gangster Mr Prutnick is using one of his 'ghost' company's to loan a unsecured bridging loan to NAD, unfortunately you do seem to have omitted any evidence of a link between the two, and in absence of that vital information, we assume you are guessing only.

You have also not mentioned the information available to make a clear link with the following (you may have omitted it in error?).


The recent appointment of the director Mr Robert Reid to our board, his status was reported as follows on the RNS

"Robert is currently Managing Director and Head of Proprietary Investments in Africa at Renaissance Partners, the investment arm of Renaissance Group."

Sputnick has the following status......

"Co-founder of the Sputnik Group, Sergei Riabtsov is head of the Investment Department, coordinating the origination, execution, management and disposition of the Group's investments.

Mr. Riabtsov is member of the board of Renaissance Insurance Group, Telecity Group. He has served on the board of a number of the Sputnik Group's investments including Europa Plus, Kievstar GSM, Glenrock Holdings Limited.

In 2002-2003 as deputy general director, head of the business development department of Gazprom-Media, Sergei Riabtsov participated in the media group restructuring.

Prior to joining the Sputnik Group Sergei Riabtsov served as Vice President with the Investment Banking Division of Renaissance Capital since its foundation in 1995, where he was responsible for originating and executing a number of pioneering M&A and capital markets transactions. In 1992-1995 he worked in the Investment Banking Division of Credit Suisse First Boston in Moscow and
London"

and

Prior to founding the Sputnik Group, Mr. Jordan was President and CEO of Renaissance Capital Group, which he co-founded in 1995, and built into Russia's first Western-style investment bank focused exclusively on serving the Russian market. Renaissance Capital brought together all forms of financial intermediation, including commercial banking, investment/merchant banking, asset management and insurance, and advised on many of the most prominent privatizations, acquisitions and securities offerings of Russian companies. Renaissance Capital and Mr. Jordan also sponsored the formation of the Sputnik Funds,



Do you see any links between the two? a lot of words with 'Renaissance' in them!!

best regards

John

[bam bam rubble] 13/4/2012 14:51

Its 'Sputnick Ltd.' and based on the (mis)spelling is likely an arms-length associate of Mr Prutnick (of Jarvirne) who already has security over Kao from the first loan

[123asd] 13/4/2012 13:47

Hardly inspires much confidence in me....

[barnsey] 13/4/2012 13:21

You can form your own conclusion after a little research ?.


Company Overview

The Sputnik Group is a private equity and venture capital firm specializing in seed, start-up, early to mid venture, and mature stages, buyouts, turnarounds, and growth capital investments. The firm seeks to invest in companies in the financial services, Internet software and services, insurance, media, natural resources, software and technology sectors. The Sputnik Group prefers to invest from $10 million to $100 million in companies based in Russia, CIS countries, and Europe. It typically acquires control or joint control stake in its portfolio companies. The Sputnik Group was founded in 1998 and is based in Moscow, Russian Federation.

[123asd] 13/4/2012 12:14

Bonnier - You seem inordinately sensitive for someone who has spent years going nowhere in FEP - or perhaps that's the very reason. I haven't owned it for three years, at which time I took more than 100% profit. NAD I bought at about 13p and sold out at 12p months ago. As for deramping FEP, I am currently in the Philippines and monitoring the latest spat with the Chinese, but that's for another thread.
Good luck if you can hold FEP for a few more years, you might make money.

[barnsey] 13/4/2012 12:11

Do not see a slow death, in fact quite the opposite.
Generating cash July 2012.
New finance deal in place.
Sale of non-core assets to follow.
Payment for 12.5% share in Storm.
US$10m unsecured bridging loan with Sputnick which is an investment vehicle
focused on the GROWTH and DEVELOPMENT of African mineral resources.

Positives and lot's of them if you look close.

As a result of these operational challenges, Management has reduced the FY2012 production target for the Kao Mine to 170Kcts and the Company is expected to move into a net cash generative position in July 2012.
Given the operational challenges at Kao, together with the delayed execution of a potential sale of non-core assets and continued discussions with Kimberlite Investments Lesotho Limited in respect of the payment for its 12.5% share in Storm Mountain Diamonds (Pty) Ltd, the Company, in consultation with Jarvirne Limited ("Jarvirne"), has concluded that the total amount of the US$40m Jarvirne loan facility (the "Jarvirne Facility") will be insufficient to meet the Group's short-term funding requirements. As such, with the consent of Jarvirne, the Company has entered into a new US$10m unsecured bridging facility with Sputnick Limited (the "New Loan"), an investment vehicle focused on the growth and development of African mineral resources.
Under the terms of the New Loan, US$10m will be made available to the Company until 31 May 2012, on the basis that no further amounts are drawn under the Jarvirne Facility and a refinancing plan is established to address the short-term nature of the Company's borrowings. Interest at a rate of 15% per annum will be payable on drawn amounts under the New Loan on 30 June 2012. In the event that the New Loan is not repaid on the earlier of the completion of the refinancing plan or 30 June 2012, thereby triggering a default, interest will become payable on amounts drawn and not repaid at a rate of: (i) 18% per annum, up to and including 30 June 2012; and (ii) 27% per annum, from 1 July 2012 (including, in each case, default interest of 3% per annum).

[jscapper] 13/4/2012 10:59

Looks like it will die a slow death.

[lukeisbackontrack] 12/4/2012 18:48

Interesting, see next couple trading days. It may be the bottom, will see

[binladin] 12/4/2012 10:33

this will fall to its low

[tomboyb] 12/4/2012 10:14

Thats one chart to look at - Year high of 55p - versus the current share price - However not without its issues -

[onceabroker] 12/4/2012 10:13

Hold and price target of 5.00 from Charles Stanley yesterday (that's 85% up from now)



best regards

John

[binladin] 12/4/2012 10:13

looks like the bigboys are buying this like crazy...............

[binladin] 12/4/2012 10:03

goldman sachs going long imo,,,,,,,,,,,,,

[binladin] 12/4/2012 09:45

should go back up to 6p very soon.........

[binladin] 12/4/2012 08:59

clearly this is oversold.......

[binladin] 12/4/2012 08:06

Diamond exports triple following slump
‎

Mmegi Online - vor 16 Stunden

Moroka said rough diamond prices were expected to trend upwards this year, based on the strong demand coming out of China, which is now the second largest ...

[binladin] 12/4/2012 08:02

diamond sale in botswana are 3 times higher latest news...

[123asd] 12/4/2012 01:18

Well at this stage it seems like an each-way bet if investing at this level - either lose the lot or see double from here around July - if they can keep to the schedule and if no further crises intervene. I wouldn't like to hazard a guess as to which will happen, but the larger economic picture, in my view, mitigates against taking the risk, particularly with AIM looking so weak and unpredictable.

[lukeisbackontrack] 11/4/2012 18:27

I thought 7 was bottom when topped up

[binladin] 11/4/2012 15:41

that was the bottom ................

[binladin] 11/4/2012 15:14

they have alot of diamonds should be able to pay them back very quickly...

[binladin] 11/4/2012 14:18

diamond prices higher........

[binladin] 11/4/2012 14:16

looks oversold to me............