Namakwa Diamonds Share Discussion Threads

[nicedude1976] 08/2/2013 09:27

why would the price be down on the news that someone is about to take it over ?

[jimbobaroony] 07/2/2013 22:29

Oh dear...

[zangdook] 07/2/2013 21:29

Anyone still here? I guess this was foreseeable. Fortunately I was out quite a while back...

[naked trader] 07/2/2013 21:28

7 February 2013

Namakwa Diamonds Limited (AIM: NAD)
("Namakwa Diamonds" or the "Company")
Convening of Special General Meeting

On 6 February 2013, Jarvirne Limited and Sputnick Limited (the "Majority Shareholders") (who, as far as the Company is aware, together are beneficially interested in 825,200,275 shares equivalent to 75.07% of the issued share capital of the Company) served a notice (the "Notice") on the Company requesting that a special general meeting of the Company be convened at which the sole business should be for shareholders of the Company to consider a resolution (the "Resolution") as to whether the Company's admission to trading on AIM should be cancelled.
This Resolution will require the approval of 75% of those shareholders voting in person or by proxy at the special general meeting. The Majority Shareholders have confirmed in the Notice that they will vote in favour of the Resolution and, in light of their shareholdings, the Company believes that the Resolution will therefore be passed.
The Company has begun to prepare a circular containing the notice convening the special general meeting for the sole purpose of considering the Resolution and this will be sent to shareholders in due course. A board committee of directors (the "Committee") (which is independent from directors nominated by the Majority Shareholders) is in discussions with the Majority Shareholders regarding the possibility of putting in place a matched trading facility for shareholders following the anticipated cancellation of the Company's AIM quotation. The Committee has also requested that the Majority Shareholders provide it with any information they are able to provide to it as to how they propose to deal with the minority shareholders when the Resolution is passed.
Further announcements will be made as required.
Enquiries:

Namakwa Diamonds Shore Capital
Theo Botoulas [phone] Pascal Keane [phone]

Tavistock Communications
Simon Hudson [phone]

About Namakwa Diamonds Limited

Namakwa is a diamond resource group, which seeks to extract maximum value from the marketing and sale of Group mined and contracted production.

The Group's mining activities are focused on the Kao mine in Lesotho. Operated by Storm Mountain Diamonds, the Kao Main Pipe Complex represents a resource endowment of c.183Mt of kimberlite ore containing c.11.6M carats ("cts") (3.3Mcts Indicated and 8.3Mcts at Inferred levels of confidence), with an additional c.1.7Mcts at a Deposit level of confidence, in which Namakwa holds a 62.5% interest. The other shareholders are the Government of Lesotho (25%) and Kimberlite Investments Lesotho Limited (12.5%).

The Group also maintains alluvial mining operations in the North West Province of South Africa and resource-development and exploration assets in the Northern Cape Province of South Africa and in the offshore marine environment of Namibia. These combined resources add a further c.6.9Mcts at Indicated and Inferred levels of confidence to the Group's Global Resource Inventory which stands at 18, 535, 700 carats as at 31 August 2012. Namakwa is listed on the AIM market of the London Stock Exchange under the ticker symbol NAD.

[jimbobaroony] 30/1/2013 15:26

Just phoned investor relations:

Investor and Media Relations

Simon Hudson
Tavistock Communications
131 Finsbury Pavement
London, EC2A 1NT
Tel: [phone]

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.

[nick rubens] 29/1/2013 16:04

Any long term followers here? Are profits ever going to materialise here or is this company going nowhere for shareholders?

cheers NR

[oregano] 28/1/2013 15:27

the question is at what price does the minority get taken out? there is no point in this beig quoted. Will a premium be paid?

[earnestwipplethwaiteiii] 23/1/2013 23:05

Thin end of wedge?

[naked trader] 23/1/2013 18:06

50,000 traded yesterday nearly 9,000,000 today, mostly selling. Do shareholders have something against Ukrainians?

[naked trader] 22/1/2013 21:50

Am I to take it that this is the wife of Ukrainian billionaire Vitaliy Anatolyevich Haiduk? Only 50,000 shares traded today. Be interesting to see what tommorrow brings! For me I just hope they keep digging up big diamonds as I only hold them in my pension (10% of the portfolio) now as they had to go from my ISA when they left the main market. Could explain the lack of attention on here too.

[naked trader] 22/1/2013 21:27

LONDON--Namakwa Diamonds Ltd (NAD.LN) said Tuesday that Mrs Olena Gaiduk has 84.74 million shares in the company, or 7.7%, having previously had none.
-Shares closed Tuesday at 4 pence valuing the company at GBP48 million.

-Write to Rory Gallivan at [e-mail]; Twitter: @RoryGallivan

Subscribe to WSJ:

(END) Dow Jones Newswires
January 22, 2013 12:44 ET (17:44 GMT)
Copyright(c) 2013, Dow Jones & Company Inc.

How many names does she want!!!

[onceabroker] 22/1/2013 20:51

Elena Haiduk acquired 10,6% Namakwa Diamonds Limited
January 22, 2013 20:37

Businessman Elena Haiduk, the wife of former deputy prime minister and former co-owner of the corporation ISD Vitaliy Haiduk, acquired 10.63% shares of Namakwa Diamonds Limited, engaged in the mining of diamonds in Africa and controlled Jarvirne Limited (British Virgin Islands) Ukrainian businessman Edward Prutnik

Comments (1)
As stated in the message exchange Namakwa Diamonds, E.Gayduk became the owner of over 10% in two stages: January 15, it acquired the first 84 million 742.4 thousand shares, or 7.71% of the share capital and 18 January increased its stake to 116 805.878 thousand million shares, or 10.63% of share capital.

Currently listed Namakwa Diamonds shares at the rate of 4.4 pence per share, or about 7 cents. At this price, bought the package would cost about $ 8.1 million

According to the diamond mining company and its major shareholders in July 2012 were Jarvirne Limited - 63,49%, Dartford Consultants Ltd - 8,02% and Visum Investments Limited - 7,69%.

As the exchange of messages, E.Gayduk became co-owner in Namakwa Diamonds Sputnick Limited, which in April 2012 provided a diamond company unsecured short-term bridge loan of $ 10 million at 15% per annum. He was repaid at the end of June, after a public offering of $ 55,730,000 (of the same amount was paid $ 35.2 million Jarvirne Limited).

Namakwa shares are traded on the main market of the London Stock Exchange (LSE). The Company made an IPO in December 2007 and raised $ 183.7 million at a price of GBP1, 81 per share. E.Prutnik a shareholder, financial and trading partner Namakwa beginning in 2010, and control over diamond mining company, he received in 2012.

Namakwa Diamonds reserves are 18.5 million carats, its revenue for the fiscal year ended August 31, 2012 decreased compared to the previous fingodom by 41% - up to $ 51.02 million, and net loss decreased by 46.4% - up to $ 41 , 16 million

[onceabroker] 22/1/2013 20:33

Someone just purchased over 10% of our company.................


Well that is a surprise, we now have another large shareholder, our old $10m bridge loan company from last year, who now owns a over 10% of our company.

They purchased 84,742,400 on 15/01/13 and another big chunk on 18/01/13 to bring them up to a total shareholding of 116,805,878.

The question is where they got the shares from, Jarvirne? one of the other big Institutions. Either way it shows how well a investment this company is. A possible takeover / buyout cannot be ruled out in the near future IMHO.

There are elements at work here, and i would not want to be out at this time, game on.

Best regards

John

[naked trader] 22/1/2013 19:51

I am reading this right Sputnik Limited have aquired 10% of the company in the last few days? 1st RNS 10% 18th January second RNS 5% but 3 days earlier.

[onceabroker] 18/1/2013 10:30

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

[naked trader] 17/1/2013 13:39

Very quiet here but we could be looking at a break out soon!

[onceabroker] 31/12/2012 14:15

Andy

No problem, every penny counts, especially when we have shares in these diamond miners (LOL)

Happy new year.

Best regards

John

[andy] 31/12/2012 12:35

John,

Thanks for saving us all the £960! :-)

Happy New Year to all!

[onceabroker] 29/12/2012 12:52

It will be a old report and will have no relevance to the current NAD operations. NAD sold their DRC operations in 2011.

Best regards

John

[naked trader] 29/12/2012 12:28

The report will cost you £960! However nothing about DRC mentioned on the company website!

[bump3r] 29/12/2012 08:39

There was report issued the other day regarding the DRC mining industry

Namakwa as well Mwana both feature.
I could only find the list of contents though.

[naked trader] 29/12/2012 00:06

Very little interest here but price is now creeping up. I wonder if the diamond recovery rate will increase now that all the legals are out of the way!

[onceabroker] 28/11/2012 10:21

Surat diamond industry upbeat - report

The diamond industry in Surat expects prices to remain strong after the market reopens on December 1 following the Diwali vacation, and is hopeful that demand in the next quarter will rise at an annual 10% - 15%. This has encouraged diamantaries to build inventories to meet the expected demand, The Economic Times reported.

According to the estimates of Gem and Jewellery Export Promotion (GJEPC), India imported $1.48 billion worth of rough diamonds in October, up 109% compared to the same month in the previous year, the leading Indian newspaper said.

Higher imports have also been fuelled by speculation that prices of rough diamond may increase next year due to a dwindling global supply.

"Rough prices have already shown 2% - 3% increase in the last few weeks. Therefore, there in an urgency among diamond processors to create an inventory. The US and the Asia Pacific market are looking up and we are hopeful that the last quarter of the current fiscal year will be good for exporters. Orders have been placed with units in SEEPZ and other exporting units," said Vipul Shah, chairman, GJEPC.

Exporters said the surge in imports in October followed a period of lower than the usual level of imports since May. Manufacturers suffered from declining polished diamond sales against high rough prices. In October, DTC lowered prices and decreased supply to meet market needs, said the The Economic Times report.

Shah said rough prices were going up and it was expected that polished prices would also rise. Dinesh Navadia, president, Surat Diamond Association, said: "Right now, it is too difficult to say how will diamond prices behave in the coming months. Let the market open. Diwali sales had been good and we are hopeful that the market will behave in a positive fashion in the next few months of the current fiscal year."

Rajiv Jain, former chairman of GJEPC, said the market sentiment has improved. "Christmas orders were good and we hope this momentum to continue in the fourth quarter as well."
The Economic Times.

[johnwalton] 27/11/2012 17:22

2 good rns's

dartford consultants go from holding 15m shares to over 88million or 8%+

[earnestwipplethwaiteiii] 20/11/2012 10:25

Test the lows of late Aug?