Namakwa Diamonds Share Discussion Threads

[hectorp] 15/5/2012 10:33

Oh dear Chesty.

[hectorp] 15/5/2012 10:28

I see they are producers of high quality small diamonds. Now, some diamonds have not been getting good prices recently. I hope the diamonds here are getting good prices.
Low market cap, might be worth taking a few.

[chesty1] 15/5/2012 10:26

News is NAD being p@d'ed

[hectorp] 15/5/2012 10:24

what news?

[peterj5] 10/5/2012 14:15

come on nad, this has got double figures written all over it once all issues are resolved, some of these small diamond companys are so so cheap, im in fdi as well, and hope to make a mint in the imminent recovery of both firms,

[peterj5] 05/5/2012 07:28

buffoon, what a big headed buffoon / merlion you are lol lol lol lol lol lol

[123asd] 04/5/2012 22:25

"Base" is the word, not "lowly".

[baffins] 04/5/2012 22:01

onceabroker,

Just a little something that I had observed whilst looking through the posts on the NAD BB over on the LSE website.

A poster by the name of 'basothopony' asked you (post Thu 19:19) "From one of your previous posts I am interested in how you reached your estimate of $55m earnings at 300k carat production rate p.a."

Your reply was (Thu 19:57) "MY WORKINGS are done on ore economics rather then on carat average" and went on to state the following:

"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"

It has not gone unnoticed that you have copied my post numbered 568 directly from this BB, exactly word for word, and passed it off as your own on the LSE even having the cheek to declare "MY WORKINGS" implying you composed it!

This is not the first time something like this has happened. In fact similar issues between us have occurred which lead to you apologising.

No need for an apology this time because you really have shown your true colours now and I hope you feel comfortable lapping up the praise over on LSE after receiving comments such as:

"I am very grateful for the effort put into research by the posters here. We will be alright here thanks to the likes of John (ie - Mr onceabroker)" (Didge - Thu 21:37)

Little do they know that YOUR WORKINGS are not yours at all!

It is all about etiquette and previous lessons appear to have been useless as you have stooped to new lows passing my work off as your own.

Nevermind, no big deal but I really needed to mention it just to make you aware that I know your lowly game.

[naked trader] 02/5/2012 11:37

Diamonds are forever!!! However I agree with appleover. There have been setbacks but they have also found some nice rocks. Mine are in my isa and I also added at the recent lows. Godd luck to all the brave holders out there!

[applelover] 02/5/2012 07:54

I think this company regardless of the outcome has an exciting and nerve racking few months ahead. For shareholders its either going to be a complete blow out or make you a fortune. One plus point is that it can go in an isa. I find it strange how junior oil prospectors get such a following and a company like Nad with a proven resource in production gets overlooked.

[applelover] 01/5/2012 21:18

is this the least active thread on advfn?

[jscapper] 20/4/2012 12:42

Onward and downwards plumets this waste of breath.

[jscapper] 19/4/2012 14:56

OMG some peeps will never learn.

[applelover] 18/4/2012 16:40

Never boring at Nad :)

[hugh g wrection] 18/4/2012 09:37

Bin (re-above)

you are so fickle!

what about these posts?
_____________________________________________

binladin - 11 Apr'12 - 14:16 - 677 of 707

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

binladin - 11 Apr'12 - 14:18 - 678 of 707

diamond prices higher........

binladin - 11 Apr'12 - 15:14 - 679 of 707

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

binladin - 11 Apr'12 - 15:41 - 680 of 707

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

binladin - 12 Apr'12 - 08:06 - 684 of 707

Diamond exports triple following slump
‎
binladin - 12 Apr'12 - 08:59 - 685 of 707

clearly this is oversold.......

binladin - 12 Apr'12 - 09:45 - 686 of 707

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

binladin - 12 Apr'12 - 10:03 - 687 of 707

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

binladin - 12 Apr'12 - 10:13 - 688 of 707

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

_______________________________________________________

It is easy to see which way you are playing and your constant ramp/deramp to support your position.

Why under 3p now and not 2p or 1p?

How do you value a company?

The guidance from the company in the rns indicates that they do not expect any material effect on guidance for year end plus negotiations are on-going.

Each to his own I suppose but all readers should pls do their own research and ignore the blatant ramping/deramping on these boards

HGW

[binladin] 18/4/2012 08:52

should go back to under 3p as uncertainities return...

[situl] 18/4/2012 08:44

More problems, Saw this on the libertas report this morning:

It continues to rain on this company, with a strike called at their alluvial diamond operations in South Africa.

[barnsey] 17/4/2012 09:53

A few sellers but i see we had a 500,000 buy yesterday and another just
shown today so someone confident.

[barnsey] 16/4/2012 06:36

From Gem Diamonds today,




1. Diamond Market



The market for rough diamonds has continued to improve following the correction to prices in September 2011. The Gem Diamonds Price Index has shown increases in every sale since this correction and is up some 7% in 2012.



Gem Diamonds anticipates rough prices across the market to continue increasing into Q2 2012 and, despite the relatively thin volumes being traded in the polished market in high end goods, prices in these goods both in the polished wholesale market and high end branded auctions are expected to improve further.

[onceabroker] 14/4/2012 08:43

BBR

Then it would be sensible to debate that maybe NAD are currently in further discussions with Sputnick / Renaissance for a replacement finance package for medium term debt, to replace Jarvirne debt and secure some much needed cash flow for the short term.

The pointers to this conclusion are the following:

1/ 'unsecured' bridging loan

the Company has entered into a new US$10m unsecured bridging facility with Sputnick Limited

2/ A hold on Jarvirne debt from current borrowed level of $35m

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

3/ And the following statement:

a refinancing plan is established to address the short-term nature of the Company's borrowings.

Why else would a new lender establish the above rules, place a possible Director of their choice onto the Board of NAD, and present the company with a unsecured bridge loan, unless it was in negotiations to establish itself as the main lender.

This is all guess work and reading between the lines of the RNS, but it is worthy of being considered as a option IMHO.

best regards

John

[bam bam rubble] 13/4/2012 18:38

onceabroker, thanks for the mention, yes it seems Renaissance group are behind the loan from Sputnick Ltd. rather than a quasi concert party with Jarvirne. They tend to use a chain of holding companies as in a recent RNS for Beacon Hill for example, disclosing;

shares held by Africa Investment SUB3
- subsidiary of Gratiosa Holdings Ltd
- wholly-owned by Renaissance Securities Ltd
- associate of Renaissance African Mining Ltd
Parent company: Renaissance Financial Holdings Ltd (part of the Renaissance Group)