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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Namakwa DI. | LSE:NAD | London | Ordinary Share | BMG638411113 | ORD USD0.000625 (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.125 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 1.125 | GBX |
Namakwa Diamonds (NAD) Share Charts1 Year Namakwa Diamonds Chart |
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1 Month Namakwa Diamonds Chart |
Intraday Namakwa Diamonds Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 31/5/2013 | 12:30 | Namakwa Diamonds | 876 |
| 12/9/2011 | 10:36 | Namakwa Diamonds - A New Start | 3 |
| 10/9/2011 | 22:56 | A New Start | 1 |
| 21/10/2009 | 21:48 | NAD with Charts & News | 4,454 |
| 06/6/2007 | 21:22 | Nadlan Interim Profit To Be Reported ? | 2,142 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 31/5/2013 12:30 by buywell2 buywell2 4 Sep'12 - 11:00 - 796 of 875 0 0 editCirca a 15p LOSS per share for 2011 http://markets.ft.co 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 |
Posted at 21/3/2013 22:51 by applelover We are getting booted out of our chat room over at LSE after this share is delisted.We have a new temporary home at If you are holding please come and join us |
Posted at 15/2/2013 15:08 by lukeisbackontrack What's with this sell of guys. Is there hope for nad? |
Posted at 13/2/2013 13:30 by bosothogirl i have already mentioned that these are whispers from workers and not fact on the subject of the price, but what is fact is new chief tech officer and also what is fact is that the committee members who are in charge of negotiations with major shareholder are craig campbell, sturgess and robert reid and the company has not even bothered telling shareholders these two very important bits of information, they must like the price to be down for someones benefit |
Posted at 08/2/2013 17:21 by bam bam rubble Because the post-Kruger Directors appear to have been acting as potty-warmers so ensured those regulations were bypassed, perhaps in return for some incentive (i.e. backhanders).NAD is incorporated in Bermuda which has certain regulations affecting the way a takeover is conducted. Bye-law 82 1(b) under the Bermuda Companies Act offers a form of protection to ordinary shareholders as it prevents an acquirer alongside any party acting in concert from acquiring further shares whilst they are interested in 30-50% of NADs voting rights. The following paragraph describes how the directors have got around the restriction [i.e. ensuring Jarvirne is able to take the Kao Mine from under the nose of shareholders - Ed.] Namakwa Diamonds' Board of Directors had the power to decide that Jarvirne's subscription under the June 2012 excess facility, which may increase their equity ownership from 32.4% to over 75%, is a 'Permitted Acquisition' (as determined under Bye-law 82.4). As a result Namakwa shareholders will not have any ability to prevent Jarvirne acquiring more shares. Furthermore, Jarvirne would be free to acquire over 75% without having any obligation to make an offer for the 25% held by ordinary shareholders, as under the UK Takeover Code. Another form of protection for ordinary shareholders is the regulation that public equity interest in a company with a Primary LSE listing must exceed 25%. If the public hold less than 25% its a breach of Listing Rule LR 9.2.15. The Company will move its listing to AIM where no Free Float restriction applies so as to bypass the rule protecting shareholders. [i.e. ensuring Jarvirne can take the Kao Mine from under the nose of shareholders - Ed.] |
Posted at 07/2/2013 21:28 by naked trader 7 February 2013Namakwa 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 +27 11 334 8886 Pascal Keane +44 20 7468 4090 Tavistock Communications Simon Hudson +44 20 7920 3150 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. |
Posted at 22/1/2013 20:51 by onceabroker Elena Haiduk acquired 10,6% Namakwa Diamonds LimitedJanuary 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 |
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 29/12/2012 12:52 by onceabroker 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 |
Posted at 03/11/2011 13:36 by topinfo NAD look at share price DJ Namakwa Diamonds Limited Documentation finalised with Jarvirne TIDMNAD RNS Number : 4584R Namakwa Diamonds Limited 03 November 2011 3 November 2011 Namakwa Diamonds Limited (LSE: NAD) Documentation finalised for renegotiated loan facility and recapitalisation terms with Jarvirne Namakwa Diamonds Limited ("Namakwa" or the "Company"), today announces that the Company has entered into the waiver and amendment agreement (the "Agreement") with Jarvirne Limited ("Jarvirne") on the terms announced on 27 October 2011, in respect of both the US$40m loan facility (the "Facility") and the settlement agreement (the "Settlement Agreement") entered into with Jarvirne on 7 September 2011. Under the terms of the Agreement, Jarvirne has agreed to: (i) waive any historic breaches of covenant by the Company under the Facility; and (ii) re-strike the levels of the financial covenants within the Facility, in exchange for the Company agreeing (subject to shareholder approval), to amend the terms of the Settlement Agreement so that the Company capitalises an outstanding trading debt of US$16.03m by way of the issue and allotment to Jarvirne of 66,791,667 new ordinary shares at a deemed offer price of 15p per share (the "Revised Capitalisation"), rather than 50,750,000 new ordinary shares at a deemed offer price of 19.5p per share, as originally agreed when the Settlement Agreement was entered into (the "Original Capitalisation"). The Revised Capitalisation remains subject to shareholder approval and represents a premium of 92.31% to the closing price on 2 November 2011 and a 42.86% premium to the closing price on the day before the announcement of the Original Capitalisation. Jarvirne is a related party of Namakwa, controlling c.13.13% of the voting rights of the Company. As such, the approval of shareholders will be sought in respect of the Revised Capitalisation at a special general meeting of the Company, expected to be convened on or around 23 November 2011 (the "SGM"). Assuming the approval of the Revised Capitalisation by those shareholders entitled to vote on the transaction (other than Jarvirne and its associates), the Revised Capitalisation will result in a reduction of the Company's debt of approximately US$16,030,000 (net of expenses) with a corresponding increase in the assets of the Company of the same amount. The Directors believe that such a reduction in Namakwa's outstanding debt position (when combined with the working capital made available to Namakwa by the Facility, which will also be reliant upon shareholders' approval of the resolutions), will provide Namakwa with sufficient working capital to execute its stated strategy during FY2012. If the Revised Capitalisation is approved Jarvirne will hold 98,665,158 ordinary shares, representing 32.6% of the enlarged issued share capital of the Company. This represents an additional 16,041,667 ordinary shares and c.3.5% more of the enlarged capital of the Company than under the Original Capitalisation. It will also result in Jarvirne's shareholding exceeding 30% (being the mandatory bid threshold in the bye-laws of the Company) by 2.6%. The non-conflicted Directors have agreed, therefore, as part of the Revised Capitalisation to recommend at the SGM that shareholders waive the requirement for Jarvirne to make a mandatory bid for the Company should the Revised Capitalisation complete. In addition, Jarvirne has entered into a relationship agreement with the Company, conditional upon the completion of the Revised Capitalisation and the admission of the new ordinary shares to trading. A combined circular and prospectus setting out further details of the Revised Capitalisation and a notice convening the SGM will be despatched as soon as practicable to shareholders following the date of this announcement. For further information please visit www.namakwadiamonds. Namakwa Diamonds Tavistock Communications +44 20 7920 Richard Collocott +27 11 334 8886 Simon Hudson 3150 +44 7974 453 +44 20 7920 |
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