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PDF Pangea Diamond

1.375
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pangea Diamond LSE:PDF London Ordinary Share GB00B197TQ75 ORD USD0.005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.375 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Pangea Diamond Share Discussion Threads

Showing 126 to 148 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
29/1/2009
17:45
no advice intended, but the trading update has a lot of ifs and buts in it. I would not jump in, though it does look pretty good at these prices ..
ecomk1d
29/1/2009
16:45
Whats the potential here ? is it worth buying ?
s_e
23/4/2008
12:13
Looks like these are on the move at last, tried to buy 10,000-- could only get 5,000 to add to my holding. Told there are a huge amount on the bid ( dont believe level 2) so must be a big buyer around.
kickstart
04/3/2008
15:22
Smilewithme,
Those diamond sale results are very encouraging, many of these small producers are lucky to get $60-$70 a carat so they must be finding some quality diamonds. I have just bought 10,000 at 50p. Checked with my broker and there are 25K bid at 49.5 so it looks like we could be movimng up. My purchase has pushed the offer up 2p.

kickstart
03/3/2008
21:55
3 March 2008

Pangea DiamondFields plc

("PDF" or "the Company")

Strong first Tender for Dimbi


Pangea Diamondfields plc (AIM: PDF), the mid-tier diamond producer and exploration company announces the first sale of diamonds produced at it's Dimbi project in the Central African Republic.


The first tender achieved from the sale of 3,671 carats yielded an average value per carat of USD166.44. The results from the first sale are particularly important, as they give an indication of the probable value of future production from the Dimbi project.



Commenting on the sale, Chief Executive Officer, Rob Still stated, "This result is extremely encouraging for the future of our Dimbi project representing almost a 20% premium over the targeted value of USD140 per carat. Buoyed by these results the Pangea team is busy scaling the project up to Pilot Mining status to accelerate resource development, with a view to making a decision on scaling up to full scale commercial operations by mid year."


The tender was carried out by diamond experts WWW Diamond Tenders Limited.("WWW Diamonds"). Pangea has entered into an agreement with WWW Diamonds to market its future production through in Antwerp.

smilewithme
11/2/2008
17:36
PANGEA DIAMONDFIELDS CLOSES C$15 MILLION

PRIVATE PLACEMENT



Pangea DiamondFields plc (the 'Company') announces that it has closed its previously announced private placement of 16.5 million ordinary shares at £0.46 per ordinary share for gross proceeds of approximately C$15 million (the 'Offering').



The Offering was placed by a syndicate led by RBC Capital Markets and including Ambrian Partners Limited.



Application has been made to the AIM Market of the London Stock Exchange ('AIM') for 16.5 million ordinary shares to be admitted to trading on AIM. Admission of the ordinary shares to trading on AIM is expected to occur on 12 February 2008.



The net proceeds from the Offering will be used to advance the Company's portfolio of ten projects located in the Central African Republic, Democratic Republic of the Congo, Angola and South Africa and for general corporate purposes.

smilewithme
10/1/2008
09:39
How to evaluate junior diamond firms
Theo Botoulas
Posted: Wed, 09 Jan 2008
[miningmx.com] -- THE wealth created by the current bull market (which Peter Major believes is nearing its conclusion in an article elsewhere on Metal Heads), has resulted in strong demand for diamonds and the development of a new universe of both listed and unlisted diamond explorers and miners.


The challenge for those desirous of investing in the "diamond space" is to benchmark and compare this universe of "junior diamond Companies" in a relevant manner in order to make a considered and informed investment decision.

Diamond companies can be valued using earnings with the market ascribing a multiple to determine fair price. However, this method is only meaningful for companies which have producing assets, which junior diamond companies seldom own, although Gem Diamonds, Trans Hex and Petra Diamonds are notable exceptions.

Few methods have been developed for junior diamond explorers which are primarily concerned with early stage exploration, or which have a large exploration portfolio supplementing their producing assets.


Click Here to subscribe to our daily newsletterAn example of the type of method developed for benchmarking purposes in the gold industry, which is not readily available in the junior diamond sector, is the market value of a gold explorer per ounce of reported resource. However, this requires the definition of mineral resources into internationally recognized categories on a similar and comparable basis for all diamond juniors, which may be more easily said than done.

There are a number of determinants investors can use to assess diamond companies. These include the relative scarcity of diamond production compared to gold and platinum for example, the segregated nature of the diamond market and the nature of a company's production be it gem or near-gem quality stones or industrial diamonds.

Investors should consider the segregated nature of diamond deposits, which range from kimberlite pipes, fissure systems or alluvial deposits in river systems and the sea. These all involve unique operating cost structures. The location of the deposits is another critical factor to consider when evaluating diamond companies as well what strategy they adopt with their assets.

The skills within a company are vital to build, develop and operate diamond plants in the current environment of skills global shortages, while the security policies a company has for its diamonds has to also come under consideration.

All the above factors determine the likelihood of a Company proving sustainability over time. Diamond juniors are perhaps exposed to a larger measure of risk than their peer group in other commodity types.

The fact remains that in the order of 1% of kimberlite pipes are economically viable and become mines. The amount of time required to bring a new kimberlite to account from the time of discovery to mining has varied in the past from between four and twelve years.

At present, there are no new major mines on the horizon with the major discoveries in which junior Companies have an interest being the AK 6 pipe in Botswana (African Diamonds) and Alto Cuilo in Angola, in which Petra Diamonds has an interest.

A good example of a junior diamond Company which has proved sustainability over time is the South African alluvial miner and explorer Trans Hex Group Limited, a Company which has a core and supportive major shareholder, technically capable management over a wide array of disciplines, a sound reputation and integrity with regards to diamond audit and security, an ability to deliver "on the ground", a solid portfolio of assets, a niche gem quality production and a very strong "culture of diamonds".

These attributes, which are developed over time and to which the new entrants to the industry aspire, are the key to the creation of a successful and sustainable junior diamond Company which is able to withstand the uncertainties and risks associated with the exploration for, and operation of, diamond deposits through the exploration to production cycle.

The selection of junior diamond Companies on offer to investors is therefore not dissimilar to the diamonds which these Companies aspire to discover or produce. Some are of differing quality, others may display internal flaws or weaknesses, all are of varying sizes, yet each one is unique.

Ultimately, the decision to invest in a particular Company may be a matter of opinion and at the discretion and to the taste of each individual investor.

This new universe of diamond juniors will report results, disclose and present reserve and resource statements, strategies, and plans for both current and future projects. Because of the scarcity of productive kimberlite or alluvial deposits, very few will be in a strong cash generative position and will have the ability to disclose earnings metrics in the short term.

Ultimately, the management of these the diamond juniors can only deliver projects and report results, and the market analysts, fund managers and investors will deliver the techniques and benchmarks to ascribe a value to, and rank, them.

smilewithme
10/12/2007
14:13
Anyone spot Santana Diamonds up 400% in last few days.

(TSX VENTURE:STA)(AIM:SAN)

Am hoping that Pangea Diamonds can do well in 2008.


SANATANA'S NEWLY DISCOVERED DHARMA KIMBERLITE IS DIAMOND BEARING
Vancouver, British Columbia, Canada, December 7, 2007. Sanatana Diamonds Inc., ("Sanatana" or the
"Company", AIM: SAN: TSX-V: STA) is pleased to announce that it has received the first batch of
caustic fusion diamond results from the Company's newly discovered Dharma kimberlite pipe. These
results were generated by Thunder Bay Diamond Services(1), which is operated by Kennecott Canada
Exploration Inc.
This first batch weighed 339.18 kg and is from 21 separate samples of split NQ2 size drill core from
the discovery drill hole. Approximately one tonne of kimberlite has been sent for microdiamond
recovery and the results from the two remaining batches will be reported as they come to hand.
In total, 180 diamonds greater than 0.106mm have been recovered, which equates to 531 stones recovered
per tonne.

smilewithme
29/11/2007
09:12
Pangea Diamondfields - Potential alluvial gem
28-Nov-2007
Rob Still of Pangea Diamondfields is best known for his almost uncanny knack of discovering highly prospective mineral projects...

aim_trader
22/11/2007
17:43
Encouraging update from PDF Pangea Diamond Fields on AIM.



22 November 2007

Pangea DiamondFields plc

("PDF" or "the Company")

Company Activity and Exploration Update

Pangea Diamondfields plc (AIM: PDF), the mid-tier diamond producer and
exploration company provides the following update of its activities to date. The
Company's portfolio now consists of ten projects located in the Central African
Republic ("CAR"), Democratic Republic of the Congo ("DRC"), Angola and South
Africa.

HIGHLIGHTS
• CAR - Decision made to upscale to Pilot Mining at Dimbi
• DRC - Bulk sampling plant road convoy crosses border into the DRC.
Commissioning expected on site at Longatshimo River by January 2008
• Angola - Negotiations with Casanguidi partners in progress re
upgrading of mine to commercial scale.
• South Africa - Sample processing continuing at Patsema. Bulk
sampling to recommence at Hartz river in 2008 at both Brussels and Pampierstat
sites.
Chief Executive Officer, Rob Still stated, "The decision to progress our Dimbi
project to the Pilot Mining stage as well as the progress being made in the
South African and DRC projects are encouraging. In particular the commencement
of delivery of bulk sampling equipment to the Longatshimo River project site in
the DRC via a 4700 km overland road convoy is a testament to the persistence,
dedication and expertise of Pangea's engineering team. We expect to complete
delivery of this equipment within the next few weeks. The new access road and
border post with Angola creates a critical logistics corridor into the southern
DRC to service our projects there. We continue to focus our energies primarily
on the development of our current projects while continuing to pursue and review
the potential of other complementary opportunities."

smilewithme
22/11/2007
15:54
I like it - sorry cant say more bit tied up...
smilewithme
22/11/2007
15:11
Good operations update. Looks like Q2 2008 should see some significant progress in terms of bulk sampling and commencment of commercial mining operations.

Smile , any views?

Regards

highly geared
12/11/2007
13:47
Smile, I have some of these and always read your posts with interest. I think the LDC "non event" of several months ago has held these back as meaningful newsflow has been limited. It is clear things should pick up in the next 6 months as further mining ops` are brought on line.

Do you have any thoughts on where the share price might be in 12 months and what you`d ascribe as "current fair value"?

All the best.

highly geared
12/11/2007
10:53
November 10, 2007

Pangea DiamondsFields Has Enough Projects To Keep It Busy


By Andrew K Burger


Pangea DiamondFields is a mid-tier diamond producer company with eight alluvial diamond resource development projects in four central and southern African countries - Angola, the Central African Republic , the Democratic Republic of Congo and South Africa.
Having decided to withdraw its bid to purchase a significant stake in Lesotho Diamond Corp. and the KAO diamond project which is effectively controlled by the well known Australian Alan Bond, the company is now focused on ramping up bulk sampling, mining and processing operations at Dimbi and Etoile in the CAR, the Longatshimo River Project in the DRC, negotiating better terms of sales for diamond production at Cassanguidi in Angola and expanding an exploratory drilling and resource definition programme on the Patsema property in South Africa.

Pangea has established and anticipates expanded pilot mining production of improving grades at its Cassanguidi project in Angola. Currently at a pilot stage of production, the project is already generating positive cash flow. Just how far Pangea will go and how much it will invest in the operation in large part hinges on the prices it receives from Sodiam, the state-controlled diamond sales and marketing authority, for diamond parcels.

"We're producing and selling there...It's going reasonably well. We've reached a steady state at current production capacity and have engaged the services of independent evaluators to help us with negotiations with Sodiam...We're pretty confident that we're getting more in the way of market-related prices," chief operating officer Brett Thompson told Minesite. "Suffice to say that based on the independent valuations and negotiations with Sodiam there is the potential to expand the project."

Though Pangea is satisfied that its current model is workable, in general the system Angola is using for alluvial diamond mining and resource development is not. Whereas Cassanguidi is one of only a few properties governed by a previous generation of property rights, most are governed by a model that includes free equity carries of 35-40% to the government and another 15-20% to local property holders. Pangea made initial investments and then decided to pull out of developing the Limoanza project last December for just those reasons. "We just couldn't make the economics work," Thompson commented.

Pangea's Longatshimo River Project is in the southwest of DRC near the Angolan border. Management pumped US$ 2.5 million in capital expenditures to develop the project during the first six months of 2007. "Bulk sampling is up and running and we're looking to commission a pilot mining operation]early next year, possibly this December with luck...There's a lot of work to do on the ground, but we have earth moving equipment moving up there in convoy...We should be up and running and pumping material through there by the first quarter of 2008," Thompson reported.

Reports of an Ebola outbreak in the DRC, though well away from the region bordering Angola, prompted the Angolan government to close the border, which has delayed Pangea's equipment convoy. "We have a lot of people on the ground, including six to eight expats along with a significant local labour force, as well as a reasonable amount of equipment...Things will come right soon we hope," Thompson said.

Also high up on Pangea's project development agenda is expanding bulk sampling at the Dimbi project in the CAR, one in which the company has invested US$3.2 million as of June 30, the end of its fiscal 2007 first half and which had yielded some 3,000 carats. The site yielded more than 1,500 carats in July alone from unconsolidated gravels that traverse a major paleo channel with recovered grades exceeding 0.4 carats per cubic meter. Management reported that bulk sampling activities "are now well-advanced with diamond recoveries improving towards the development of sale parcels for valuation purposes. The initial diamond valuation parcel of approximately 3,000 carats has been successfully exported from the CAR and marketing options for the optimal sale of diamonds from Dimbi are currently being investigated."

Pangea recently shipped a parcel of approximately 4,000 carats to Antwerp for valuation and to explore marketing options. "We're ordering additional equipment to upgrade from bulk to pilot mining at Dimbi and develop resources as quickly as possible," Thompson commented. "We've exported two parcels so far, which was also in the way of testing going through the Kimberley process there...It was fairly painless."

Company geologists are also busy sampling prospective resources at Etoile, where three prospect zones have been identified, as well as looking for additional properties to acquire. "Our geologists are busy doing exploration work there, including aerial flyovers. There's a helluva lot of artisanal activity going on. From what we've seen diamond sizes can be quite impressive-we've seen 0.7 carat samples. Etoile is exciting looking ground. We have rights over about 2,900 square kilometers in three separate areas, " explained Thompson. A busy company in anyone's book.

smilewithme
13/9/2007
09:27
One day the market will waken up to this one!


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

Interim Results for the six months ended 30 June 2007
and Review of Operations


Pangea DiamondFields plc (AIM: PDF), the mid-tier diamond producer and exploration company is pleased to announce its results for the six months to 30 June 2007 and provide an update of its activities to date. The Company's portfolio now consists of ten alluvial projects located in the Central African Republic ("CAR"), Democratic Republic of the Congo ("DRC"), Angola and South Africa.


HIGHLIGHTS

§ CAR – Two mining development agreements executed over the Dimbi and Etoile areas; bulk sampling at Dimbi well-advanced where recovered grades are in excess of 0.4 carats per cubic metre in the Paleo-Kotto River and a first parcel of approximately 3 000ct has been successfully exported from the CAR and sales avenues are currently being explored.
§ DRC – Bulk sampling mine site at Longatshimo River Project established. Plant and mining equipment expected on site by end September via a ground-breaking 4700 km overland convoy currently in Angola.
§ Angola – Pilot Mining project cash flow positive after improvements in production, grades and sales values.
§ South Africa – Large diameter "Bauer" drilling program for sample generation completed at Patsema. Material being processed through on-site DMS.
§ Conditional offer to acquire stake in Lesotho Diamond Corporation plc ("LDC") – On 2 May 2007, PDF announced that it had made a conditional offer to acquire a strategic equity stake in LDC, and on 31 July 2007, PDF announced the withdrawal of its offer to LDC acquisition shareholders after deciding that the risks of proceeding without adequate due diligence and becoming a captive minority outweigh the upside returns.

Chief Executive Officer, Rob Still stated, "This period has been one of significant progress for PDF. The challenges of commissioning the plant and the commencement of bulk sampling at Dimbi in the CAR have been rewarded with excellent results to date; the improved production levels and sales values in Angola are pleasing, and the momentum being achieved at establishing our DRC projects are all very satisfying. In South Africa the evaluation of the Patsema project has progressed steadily and early results are encouraging. In the period ahead to Q1 of 2008 we intend progressing the evaluation of these projects with the objective of being in a position to make commercial mining go-ahead decisions in H1 2008.

With much of the bulk-sampling capital expenditure already incurred for the Dimbi, Cassanguidi and Longatshimo River projects and diamond revenue starting to offset evaluation costs the company burn rate should decline in the period ahead as planned.

We are disappointed that our efforts to become strategically involved in the Kao Project in Lesotho were not welcomed by the LDC board. We remain convinced that PDF is an ideal vehicle with the requisite skills to progress the Kao project to the benefit of all stakeholders and remain interested.

PDF shall continue to focus its energies on progressing existing projects while being receptive to other value opportunities. "

smilewithme
01/8/2007
14:43
Pangea Diamondfields - Exploration update
Wednesday , 01 Aug 2007

HIGHLIGHTS

§ PDF withdraws from LDC acquisition

§ CAR - Recovered grades in excess of 0.4 carats per cubic metre in Paleo-Kotto River at Dimbi

§ DRC - Bulk sampling plant expected on site at Longatshimo River Project by September

§ Angola - Sales values and grades improve

§ South Africa - Large diameter drilling ongoing for sample generation at Patsema

Chief Executive Officer, Rob Still stated, "The excellent grades being achieved at Dimbi and in Angola, the expansion and development of our Tshikapa projects in the DRC and solid progress in the other projects, is all very pleasing. Naturally, we are disappointed that our efforts to become strategically involved in the Kao Project in Lesotho were not welcomed by the LDC board, however our existing projects are progressing very well and we will continue to focus our energies on these while being receptive to other value opportunities. "

Company activity update

Lesotho Diamond Corporation plc ("LDC")

Following the announcement of the conditional offer to acquire a strategic stake in LDC issued on 2 May 2007, and the subsequent announcements made in the interim period, PDF has now decided to withdraw from the proposed LDC transaction.

PDF was not allowed access to any of the limited due diligence data requested resulting in the due diligence condition precedent not being fulfilled by the deadline date. In its endeavour to facilitate the transaction, PDF offered to provide funding to LDC on terms it believed to be the best available to LDC which offer was rejected by LDC.

PDF remains convinced that the asset is worth investing in and that the pricing arrangements it negotiated were fair. There is little doubt that the synergies between LDC's Kao Project and PDF's projects would have added significant shareholder value for all participants.

Ultimately, the PDF Board has decided that the risks of proceeding without due diligence and becoming a captive minority outweigh the upside values.

Exploration update

CAR - Dimbi Project

Bulk sampling

Bulk sampling activities are progressing well with diamond recoveries improving towards the development of a sale parcel for valuation purposes. Sampling results confirm expected diamond grades in trench BS3, currently being excavated to the east of and perpendicular to the Mbia River (Paleo-Kotto River). Over 1500 carats have been recovered from the unconsolidated gravels in the past month. In particular, sampling blocks traversing a major paleo channel feature, have yielded recovered grades in excess of 0.4 carats per cubic metre, despite excessive mining dilution. This channel continues further to the east of current sampling with similar gravels being observed in the trench face as the excavation continues. Similar gravels and grades were encountered in the pitting operations some 1.5km to the south of BS3 and work is planned to test diamond grade continuity between these points. Gravel continuity has already been indicated by the extensive auger drilling completed.

Marketing options for the initial sales valuation parcel are currently being investigated.

Ongoing exploration

Exploration continues on the 1,000 km2 Dimbi Diamond Project using the tractor-mounted auger drill as well as local labour to assist in pitting activities further afield from the bulk sampling activities.

Etoile Project

Field camps in new licence areas are currently being established and reconnaissance exploration has commenced with newly recruited geological staff.

DRC

The Tshikapa project in particular has grown significantly with the acquisition from various parties of five new licence areas contiguous with the existing ones along the Tshikapa and Longatshimo Rivers. The new licences were selected due to their location and excellent potential to host large diamond resources. Negotiations are underway to acquire more properties adjacent to existing exploration areas held. Due to this expansion and increase in activities the Tshikapa Project has reached such a critical mass that it has now been split into two projects, the Tshikapa River project and the Longatshimo River Project.

Tshikapa River Project

This project includes five licence areas along the Tshikapa River from 20km south of the town of Tshikapa. Exploration has concentrated on the Mvula Milenge area of the project area where more than 120 small pits and 25 large pits have been dug by hand to determine vertical and lateral gravel distribution and diamond grade. The recent arrival on site of a tractor mounted auger will significantly enhance evaluation.

Longatshimo River Project

Exploration has continued throughout 2007 confirming resources previously announced. The project now includes five licence areas and exploration has commenced on the two newly acquired ones. More than 150 small pits have been dug at 100m x 50m intervals over areas identified for bulk sampling in order to acquire a better understanding of geology and grade distribution over selected optimal sites. The recent arrival of earthmoving equipment on site will now result in the excavation of large samples prior to the arrival of bulk sampling equipment.

Following the decision to commence bulk sampling activities in the Longatshimo River Project, all procurement of plant and equipment for the bulk sampling operation has been completed and delivered to the transport depot in South Africa.

A decision was made to try to develop an overland route from South Africa to the project area and to facilitate this, a lead truck was dispatched to test the routing and logistical difficulties. This lead truck delivered its load to the project site early in July and despite the challenges, this represents the opening up of a new route to supply equipment from South Africa to the company's southern DRC project areas, significantly reducing lead time and expense.

It is planned that the main convoy will depart in the next week and is expected to be on site by September for commissioning in Q4. The operational team has been recruited and is now on site preparing the plant site as well as the rehabilitation of access roads from Dundo in Angola to the project site in the DRC in order to facilitate the access of heavy equipment to site on lowbed trucks.

Other DRC projects

Reconnaissance exploration on other properties is in progress.

ANGOLA

Project Cassanguidi

Production levels at Project Cassanguidi continue to improve with better grades being recovered. The recently commissioned and site-constructed 16 foot rotary pan has further expanded the processing capacity of the plant enabling the processing of the significant historical tailings resources in addition to the current areas being worked. It is anticipated that some in situ gravel zones will be amenable to treatment directly through the new pan without reliance on scrubbing capacity and this will greatly improve the recovered grade of feed to this pan relative to tailings.

Average sales values continue to improve thereby increasing our confidence in the longer term potential of this project.

SOUTH AFRICA

Bakerville Project areas

- Malmani

As a consequence of some disappointing results on the Malmani project area, the tenure over the properties in this area of the larger Bakerville Project areas has been relinquished, with exploration capacity now focussed on the Patsema and Geluksdal Projects.

- Patsema

A successful drilling campaign has already delineated a number of highly prospective pothole structures on the Patsema property, which lies just to the south and in a similar geological environment to historical potholes which have yielded significant quantities of diamonds in the past. The next phase in the exploration programme involves generating samples from these pothole structures using a large diameter drill, the Bauer BG36. Drilling of a series of 2.5 metre diameter holes is currently in progress and the bulk sampling plant from Malmani is currently being relocated to the Patsema project, to process these samples. The Company expects to announce results of the bulk sampling process by Q4 2007.

- Geluksdal

Reverse circulation drilling has outlined a large gravel resource. Six large diameter drill sites have been selected to be drilled on completion of the Patsema holes.

Harts River Project

Bulk sampling and the evaluation of the results thereof in the Brussels Block is still in progress. Drilling and trenching has been completed on the Pampierstad Block and a site has been selected for initial bulk sampling to be commenced during the current quarter.

Bloemhof Project

Final arrangements for a contract miner to commence bulk sampling at Zoutpan Noord are in progress. Permission has been obtained from surface owners to commence drilling on the Migdol and Palmietfontein Blocks.

NON-EXECUTIVE DIRECTOR

PDF announces that with immediate effect, John Dreyer has resigned his position as a non-executive director of the Company to pursue other interests. PDF wishes to thank him for all the services he provided to the Company and wishes him well in his future endeavours.

The Company remains committed to maintaining high standards of corporate governance and following Mr Dreyer's resignation, the Board continues to be comprised of a majority of non-executive directors.

CASH RESOURCES

At the date hereof, the Company had US$12.3 million of cash resources on hand, which is substantially more than the cash balance in the working capital forecast at the end of July 2007 as prepared for the Company's Admission to AIM in October 2006. This is primarily due to the cessation of funding of Project Lumuanza.

Note: The information in this statement has been reviewed by Mr Brett Thompson, B Eng (Mining), FSAIMM, MAusIMM, and Mr Anton Esterhuizen B Sc (Geology), MSc (Mineral Exploration), FGSSA, MSME who are qualified persons for the purposes of the AIM Guidance Note for Mining, Oil and Gas Companies. Mr. Thompson is Chief Operating Officer of Pangea DiamondFields plc and has over 20 years experience in mining operations with over 10 years specifically in diamond mining and exploration. Mr Anton Esterhuizen is Chief Exploration Officer of Pangea DiamondFields plc and has over 30 years experience in exploration activities throughout the world and has been the recipient of numerous awards for his exploration successes.

chris1983
16/7/2007
12:34
Trades for 16-Jul-2007
Time Volume / Share Price
08:21 2 @ 61.50p

That's a bit odd!

chris1983
12/7/2007
19:57
can somone explain please, why ASX:KIM is so deep?


regards

makkaroni
12/7/2007
16:00
Congrats PDF - another boring day - slight tick up and no trades today.

This is so tightly held by institutions - just watch this pop in less than a month now, take my word for it.

:-)

smilewithme
12/7/2007
08:34
Ticking up a bit - one day this thing will explode up.
smilewithme
11/7/2007
13:23
Sounds wise. Hope it works out well for you.
chris1983
11/7/2007
12:59
When I first heard that they were after LDC. Analysed it and thought that they had a good chance of wresting it from the deteriorating Bond, especially with the Lesotho governments thinning patience starting to become visible. Safety net is Dimbi.
cestnous
11/7/2007
12:53
Welcome cestnous. I'm curious - what attracted you to PDF?
chris1983
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