Pangea Diamond Share Discussion Threads

[smilewithme] 23/5/2007 09:40

Ah the FT will try and get the article...

cheers

[cestnous] 23/5/2007 09:33

SWM

We are listening, don't worry. FT article yesterday; nothing much new but said that it was thought to be an Irish Co. (if I remember correctly, as I was a lttle squiffed at the time) who are reputed to be helping Bond out. However, the Big Pink One often gets things wrong with small stocks. With his seedy reputation and the governments impatience with the lack of progress, he could yet be seen off.

[smilewithme] 23/5/2007 09:10

Talking to myself but am very pleased with this one ...

[smilewithme] 22/5/2007 16:16

This is very bullish!

[smilewithme] 22/5/2007 14:09

This one is ticking up a little - we know the stock is tightly held - any good news will see this take off.

[chris1983] 21/5/2007 12:14

Good to see more bad publicity for LDC. Should sway more acceptance of Pangea's offer.

We'll see, but my feeling is PDF has bigger fish to fry ;-)

[smilewithme] 18/5/2007 23:13

Congrats to myself...

Bought Franconia Minerals several years ago at 25 cents (11.65p), and have seen it close tonight in Canada at $3.99. (£1.85)

- 16 Bagger.

Indeed even from this June, 2006, at 31p, it is a six bagger.

[smilewithme] 18/5/2007 21:38

cestnous

that article has vanished from mine site!

saw it with my own eyes...

interesting huh!

[smilewithme] 18/5/2007 13:33

cestnous

what I like about this company is the stable share price.

all this bid talk and not a budge.

means that we have intelligent investors on board, not the hordes.

all bodes well for the future, if the bid succeeds.

but if not who cares anyway. i invested for Dimbi - not this excitement

[cestnous] 18/5/2007 12:36

As Alan Bond was the man who introduced Castlemaigne Lager to Britain, I could perhaps be forgiven for not giving a XXXX if he gets another prison sentence.

[smilewithme] 18/5/2007 12:16

LDC are private company - can say what they like.

But this bid should not detract from PDFs other stuff and promising find at Dimbi.

[scotty1] 18/5/2007 12:14

Pangea Diamondfields Lesotho Diamond rejects Pangea request for board representation UPDATE


(Adds detail, background)
LONDON (Thomson Financial) - Privately owned Lesotho Diamond Corp (LDC)
rejected Pangea Diamond Fields PLC's request for board representation and said
the "unwelcome" bid by the AIM-listed company is destined to fail.
Yesterday, Pangea said it had irrevocable acceptances from 48 pct of
shareholders. In a statement today, LDC said more than 50 pct of shareholders
support the LDC directors and that following the completion of a capital raising
programme it anticipates Pangea would hold less than 30 pct of the company.
The battle for control over the company surrounds LDC's 93-pct owned Kao
diamond mine in Lesotho, the world's largest undeveloped kimberlite deposit. The
mine is expected to start production at the end of June at an initial annual
rate of 5,000-10,000 carats a month.
"LDC is in a strong position to capitalise on its assets in Lesotho and will
not be deflected from doing so by this unwelcome bid," said chairman Morven Hay.
The largest shareholders in LDC, with a combined stake of 38 pct, are family
trusts associated with Australian entrepreneur Alan Bond.

[e-mail]

[scotty1] 17/5/2007 07:45

May 17, 2007


Pangea DiamondFields plc

("PDF" or "the Company")



Progress Report:



Conditional Offer to Acquire a Strategic Equity Stake in Lesotho Diamond
Corporation plc ("LDC")

48 % Acceptances to date



Following the announcement of the conditional offer to acquire a strategic stake
in LDC issued on 2 May 2007, PDF reports progress to date.

Key Highlights



* PDF has received irrevocable acceptances of the PDF Offer from LDC
shareholders representing 112 million shares. These acceptances represent
approximately 48 % of the undiluted issued shares of LDC computed from the
233 million shares in issue as disclosed by LDC in their recent press
release.



These acceptances include that of the PDF offer as detailed in the 2 May 2007
press release, and as extended to all LDC shareholders and further offers which
vary from the original PDF offer but equate in aggregate to a similar 25p per
LDC share. The details of these offers and their rationale will be set out in a
circular and sent to shareholders in due course.



* Further acceptances of the PDF offer are expected. However, PDF is
informed that a UK based fund, whose interests in LDC are significant,
intends to sell its entire interest in LDC to entities associated with Mr
Alan Bond, who currently is reported by the LDC board as holding 38% of LDC
in family trusts.



* LDC has a number of warrants, options and convertible notes which are
exercisable in the future and will as a consequence dilute PDF's effective
shareholding. It is thus pertinent to point out that PDF is neither
anticipating nor targeting absolute control of LDC. Rather, as previously
announced, and now as the largest single shareholder (subject to
consummating the acceptances received to date), PDF intends to do what ever
is necessary to enable it to participate in the board and in the management
of LDC and its Kao project to the benefit of all stakeholders.



* The existing LDC board has announced by press release and letter to its
shareholders that it intends acquiring a series of Kimberlite prospects and
alluvial mining licenses in the DRC ("DRC Assets"), the consideration for
which will be settled by the issue of a significant number of LDC shares.
PDF will not support this transaction until full disclosure of this
transaction including all related party and fiduciary issues and independent
valuations of these DRC Assets, have been submitted to the LDC shareholders
for their consent in general meeting and subject to PDF's analysis of the
transaction following such disclosures.





Rob Still, Chief Executive of PDF, stated: "PDF looks forward to working
closely with the LDC board in the future. As previously stated, I would like to
reiterate that the LDC/Kao transaction is an exciting opportunity for PDF and
LDC shareholders alike.



Shareholders should, however, be aware that this transaction may not ultimately
be successfully consummated and should therefore exercise caution in dealing in
PDF shares."


ENDS

[smilewithme] 16/5/2007 08:02

Pangea Diamondfields Pangea Expands Portfolio


RNS Number:6657W
Pangea DiamondFields PLC
16 May 2007



May 16, 2007

Pangea DiamondFields plc

("PDF" or "the Company")


PDF Adds another CAR Project to its Portfolio

Update of South African and DRC Activities



Pangea DiamondFields plc (AIM: PDF), the mid-tier diamond exploration company
takes this opportunity to detail the successful execution of a second Mining
Development Agreement ("MDA") in the Central African Republic ("CAR"), as
mentioned in the Company's Audited Results on 15th May 2007 and provide an
update on activities at the DRC and South African projects.


CAR - Etoile Project


Following the successful signing of the Dimbi MDA in February 2007, this second
MDA pertains to the Etoile Project which covers an area of 3,872 km2 and is
located some 300km northeast of Dimbi, within the Mouka Quadda diamond province.
The highlights of this agreement are as follows:


* A phased payment amounting to US$1 million will be made to CAR
government over a 30 month period
* The CAR government will acquire a 10% non-contributory participation
interest in Etoile Diamants
* Concessions on the importation of capital goods and services and tax
incentives


As with the Dimbi MDA, this comprehensive agreement covers much of the future
operational and fiscal regime for the Etoile concession.


The successful execution of a MDA over a second CAR project area further
strengthens PDF's tenure in the country, and through our developing partnership
with the CAR government, further opportunities for expansion are now being
considered.


Reconnaisance phase exploration has commenced in the new Etoile project area.



South Africa - Bakerville Project


In the Bakerville Project area, more than 800 boreholes have been drilled to
date delineating at least 34 million tonnes of potentially diamondiferous
gravels. A newly acquired mobile 20tph Dense Medium Separation plant ("the
Bakerville plant") which is currently in the process of being commissioned, will
process the gravels extracted from both the Malmani and Patsema areas.


Malmani area


On the Driehoek farm, bulk sampling is currently testing a 21 million tonne
gravel deposit. A 4,500 tonne bulk sample has been excavated and stockpiled,
with processing to commence in the next few weeks once the commissioning of the
Bakerville plant is complete.


The extraction of the Stiglingspan bulk sample is progressing well, where a
20,000 tonne sample is being extracted from the 7 million tonne pothole resource
at a depth of up to 35m. The gravel contained within the sample is up to 20m
thick.


The results from the processing of both the Driehoek and Stiglingspan samples
are expected in Q3 2007.


Patsema area


The Patsema area was the subject of a diamond rush in the late 1920s, during
which time the potholes yielded diamond grades of up to 500 ct/100t. The PDF
objective is to find similar potholes in areas which had been previously
sterilised. To date, less than 10% of the licence area has been investigated.
Five potholes with an aggregate of at least 1.5 million tons of pothole gravel
have already been delineated from exploratory drilling. Follow-up drilling is
continuing, and a Bauer large diameter drill ("LDD") rig has been contracted to
commence the drilling of large (2.5m) diameter boreholes. The material recovered
from this drilling will be treated through the Bakerville plant which will be
re-located after the Malmani samples have been processed.



DRC - Tshikapa Project


The bulk sampling plant for the Tshikapa Project has been constructed and is
awaiting mobilisation to site in south eastern DRC. The first truck with
equipment will depart from South Africa within the next week and travel to the
Tshikapa site by road through the Lunda Norte area of Angola. The mobilisation
of the remaining bulk sampling plant will follow once this consignment is on
site.


Chief Executive Officer, Rob Still stated, "I am pleased to report that we have
now secured the tenure over two project areas in the CAR increasing our presence
in the country and we look forward to the potential of further opportunities
that could expand on this presence."


PDF's portfolio now consists of nine projects, comprising 25 distinct resource
target areas, located in the CAR, DRC, South Africa and Angola.


Ends



Further Information:

Pangea DiamondFields plc Ambrian Partners Limited Parkgreen Communications
Rob Still (CEO) Richard Brown Justine Howarth / Victoria
Thomas
T: [phone] T: [phone] T: [phone]

M: [phone]
Michelle Jenkins (Investor
relations)
T: [phone]
M: [phone]



Notes to Editors:


About Pangea DiamondFields PLC


Pangea DiamondfFields plc (AIM: PDF) is a mid-tier diamond producer and
exploration company with an initial portfolio of nine projects, comprising of 25
distinct resource target areas, located in the Central African Republic,
Democratic Republic of the Congo, South Africa and Angola. The company's aim is
to minimise risk by diversifying its projects geographically.


PDF's projects are located within highly prospective diamond geological
environments.

Exploration results to date remain positive, one project has advanced to pilot
mining, three to bulk sampling, with the target of seven by year end. At present
the remaining projects are at differing stages of exploration.


PDF listed on AIM in October 2006.

PDF has 117 million shares in issue. With the exception of the conditional
Warrants to be issued to Accepting LDC shareholders as set out in the offer to
LDC shareholders, and unvested share options in terms of the Executive Share
Option Scheme, PDF has no warrants, convertible notes or options in issue.


For more information on PDF, please visit:

[scotty1] 15/5/2007 07:45

RNS Number:5847W
Pangea DiamondFields PLC
15 May 2007



15th May 2007


Pangea DiamondFields plc
("Pangea" "PDF" or "the Company")


Audited Results for the year ended 31 December 2006

Pangea DiamondFields plc (AIM: PDF), the mid-tier African diamond producer and
exploration company releases their Audited results for the year ended 31
December 2006.

The company's portfolio to date consists of eight projects, comprising of 24
distinct resource areas, located in the Central African Republic ("CAR"),
Democratic Republic of the Congo ("DRC"), South Africa and Angola.



Highlights for 2006


* Investment by Capital International Private Equity Fund IV LP

* Successful admission to AIM in October 2006, in conjunction with a well
supported equity placement, predominantly to UK institutions, which raised
gross proceeds of US$30 million

* Exploration projects advanced with one project at pilot mining stage, two
at bulk sampling and the remaining at differing stages of exploration

* Design, transportation and commissioning of plant and equipment at the
Dimbi project, CAR

* Negotiation of Dimbi mining convention in progress and concluded
subsequent to year end

* Decision taken to cease funding Project Lumuanza, with a resultant US$2.9
million impairment charge, and its shareholding in the project was sold
subsequent to year end

* Strong balance sheet, at end of 2006 cash resources US$26 million

* Key appointments of skilled and experienced personnel

* Establishment of regional offices in CAR and DRC



Post Period Highlight

* Conditional offer to acquire a 40+% strategic Equity stake in
Lesotho Diamond Corporation

Rob Still, CEO stated, "The year under review has been an extremely busy one for
Pangea, largely highlighted by our successful admission to AIM in October 2006.
With our eight projects strategically located in diamond areas across four
African countries, and given the fact that three quarters of the value of
diamonds mined historically come from Africa, the Board believes Pangea is
favourably positioned for success. I am proud of our achievements this year and
hope that our shareholders share our excitement about the future."


Pangea DiamondFields plc Ambrian Partners Limited Parkgreen Communications

Rob Still (CEO) Richard Brown Justine Howarth
T: [phone] T: [phone] T: [phone]
M: [phone]

Michelle Jenkins
(Investor relations)
T: [phone]

M: [phone]






Chairman's Review

Successful mineral exploration has often largely been attributable to
serendipity, but the same cannot be said for the PDF team. It has a successful
and long track record of exploration and mine development throughout Africa
thereby creating significant shareholder wealth. The birth of Pangea
DiamondFields was a result of the predicted medium- to long-term supply deficit
of diamonds, and an excellent knowledge of exploration in Africa.

The directors of PDF believe that the predicted supply/demand fundamentals of
the diamond industry and the resultant prognosis are attractive for new diamond
entrants. With eight projects strategically located in diamond areas across four
African countries and the fact that three quarters of the value of diamonds
mined historically come from Africa, PDF is favourably positioned for success.

From its experience in Africa, PDF is acutely aware of the fact that operational
sustainability in remote areas is dependent on managing the impact those
operations have on the natural and social environment. It also recognises the
need to engage and support the local communities, and work closely with local
authorities and governments, which it does as a matter of course. The favourable
relationships we currently have on the ground are a reflection of our efforts in
this regard.

During 2006, the Company successfully listed on the AIM Market of the London
Stock Exchange and managed to construct and commence the commissioning of the
plant at the Dimbi Project in a remote area of the Central African Republic.
This was a remarkable achievement for a small team of dedicated professionals.

In 2007, I look forward to the eight projects reaching critical mass with the
acceleration of the exploration process, and the upgrading of three projects
from advanced exploration stage to bulk sampling.

It is my pleasure on behalf of the board and all shareholders, to express our
appreciation of the achievement of our team under the leadership of our chief
executive Rob Still. I would also like to include in this all our consultants
who have worked so diligently in bringing our exploration projects to their
current status.


Bill Nairn
Chairman

7 May 2007

[smilewithme] 14/5/2007 21:17

Steady is what attracted me to this. Bought at around the placement price.

[stegrego] 14/5/2007 17:51

Steady is certainly the word - the price hasnt moved in a range of more than 5% since it floated nearly 9 months ago....


Best of luck here anyway - still monitoring it

[smilewithme] 14/5/2007 17:40

"Privately-held Lesotho Diamond Corporation said
it expects"

LDC can say whatever they want - "expects" is meaningless.

I expect that my stake in PDF will 10,000 bag for me!

Pangea are still progressing their way towards takeover, as they were invited to do so earlier by disatisfied LDC Shareholders.

But the beauty here is the stability of the PDF share price. It did not rise on news of this bid and is well underpinned by existing assets. (And it should not fall if it does not succeed)

So, if we get LDC, great. If we dont, then theres a potentially massive resource at Dimbi.