Namakwa Diamonds Share Discussion Threads

[combo83] 14/9/2012 14:36

I'm curious about buywell's point: are they expected to continue making a loss at 120k carats production?

[onceabroker] 04/9/2012 13:11

buywell2

A pathetic attempt to de-ramp a company that's already down, especially given the contents of the information that you are considering as evidence to back up your claims, my 6 year old could have put a better argument across.

Crawl back to FDI , your are a hero there. here your just a inconvenience.

Best regards

John

[donald tramp] 04/9/2012 12:50

I was a bit out it seems.

Donald Tramp
21 Mar'12 - 09:38 - 656 of 796 edit

5p?

or

4p?

[buywell2] 04/9/2012 11:00

Circa a 15p LOSS per share for 2011



Income statment in USD

Year on year Namakwa Diamonds Ltd had net income fall 134.54% from a loss of 30m to a larger loss of 70m despite a 13.85% increase in revenues from 82m to 93m.


So with a 20% cut in carats , the loss per share in 2012 could be what ? ... 18p

Why are folks paying 4p for what looks like a 2012 18p LOSS per share ?

Present cash won't last a year

[buywell2] 04/9/2012 10:54

NAD up 17% today but with a 20% reduction in carats ... the losses for 2012 could come in very big.

More technical issues blaimed



Since his appointment on 3 July 2012, the Chief Executive Officer of Namakwa Diamonds has commenced a technical review of all operations of the Company, with the primary focus on the Kao Mine in Lesotho. This review is continuing but a number of conclusions and recommendations have already emerged.
The most important of these is the identification of operational inefficiencies in the current mining operation and in the metallurgical plant. In order to address these issues and to secure sustainable long term production levels, short term production will be negatively impacted. Consequently, management deems it prudent to downgrade current market guidance on production for the 2012 financial year from 150,000 carats to 120, 000 carats.

[buywell2] 04/9/2012 10:49

This does not seem to have been discussed

Since his appointment on 3 July 2012, the Chief Executive Officer of Namakwa Diamonds has commenced a technical review of all operations of the Company, with the primary focus on the Kao Mine in Lesotho. This review is continuing but a number of conclusions and recommendations have already emerged.
The most important of these is the identification of operational inefficiencies in the current mining operation and in the metallurgical plant. In order to address these issues and to secure sustainable long term production levels, short term production will be negatively impacted. Consequently, management deems it prudent to downgrade current market guidance on production for the 2012 financial year from 150,000 carats to 120, 000 carats.

[dickbush] 01/9/2012 10:44

De Beers eases diamond prices by 8pc at DTC sight



31.08.2012

De Beers lowered diamond prices by about 8 percent at its Diamond Trading Company (DTC) sight this week.
Rapaport reported that the sight had an estimated value of about $580 million, adding that all the goods were snapped up.
It quoted Sightholders as saying that the price adjustments were implemented across the board with larger declines of up to 17 percent for better-quality goods.
One Sightholder said that the difference between the rough and polished price movements had narrowed to about 5 percent from 15 percent prior to the sight.
Meanwhile, DTC head of sightholder services and communications Louise Prior said they "had a four point plan for this sight to include price adjustments to reflect a fair return on rough to polished in line with prevailing polished demand".
She said that the sight appeared to have been "well received" by all and showed their confidence in the market for the rest of year.

[mr keeny] 30/8/2012 13:50

Confirmation that, as expected, bosothogirl was indeed lying about the pending court case with Batla.

[naked trader] 28/8/2012 20:26

I thought sub 3p these looked cheap but did not expect to see such a quick profit!

[beelzibub] 14/8/2012 11:00

bosothogirl. You can share the telephone number you called? News like this would immediately kick volume if true so I think you lie as nothing has happened.

[applelover] 13/8/2012 22:07

who to trust?

[mr keeny] 13/8/2012 17:22

"Not correct, the matter will provisionally be heard on the 12th of October"

And that comes directly from Batla.

[bosothogirl] 13/8/2012 13:20

I have just spoken to the clerk at Lesotho appeal court preliminary case management to enquire when the appeal case will be listed onto the roll for the forthcoming hearing, she informs me that she has received written notification from the appellant to end the appeal procedure forthwith to save on court costs after reviewing the recent developments

hopefully there should be official confirmation soon.

[mirabeau] 24/7/2012 07:56

Based on the last 6 months their annual revenues should come in at around $50m or around £33m which of course is 3x annual sales..

In time (2-3 years) NAD can become a great cashflow generator

[earnestwipplethwaiteiii] 24/7/2012 07:33

Yes, today's RNS is impressive, coming on top of the first two this year: 'Commenting, Theo Botoulas, Chief Executive Officer of Namakwa Diamonds, said: "Our third tender in Antwerp, like the first two, achieved a 100 per cent. sell-through and prices ahead of initial expectations even in today's challenging markets. Since January 2012, we have now sold a total of 87,011 carats from Kao Mine production in eight tenders, generating US $24.6 million in revenues for the Company."'
Ordinarily, NAD at this price would be a surefire buy, but like so many AIM stocks at the moment, it's likely to languish until the macro picture becomes clearer - something which the EU shows little sign of helping at present.

[mirabeau] 24/7/2012 07:23

Excellent revenues for a company capitalised at £11m. Now, they've just gotta sort out their debt and develop their assets

[earnestwipplethwaiteiii] 16/7/2012 05:28

Anything to do with financial institutions is by definition annoying, and usually injurious to the pocket as well.

[applelover] 12/7/2012 17:24

Looks like it will cost me £22 in trading fees to sell out of my isa and buy back in my nominee account plus I'll get stung by the spread. It's not going to break the bank but its annoying.

[earnestwipplathwaiteiii] 12/7/2012 09:28

earnie, thats terrible news, dont worry i will help you look for him, cheeky

[earnestwipplethwaiteiii] 12/7/2012 07:30

There seems to be an impostor here, impersonating moi.

[onceabroker] 05/7/2012 18:19

NAD will no longer be ISA'ble from 01/08/12 onwards when it moves to AIM market.

best regard

John