River Diamonds Share Discussion Threads

[h d shoring] 18/3/2008 10:35

The institutions who have commited funds at 6p are presumably happy at that figure and expect to make a profit .
others will not buy until the deal is actually complete .
Some funds cannot buy into companies with m/caps under a certain figure [that will change after the deal]
I am still not 100% convinced but heh this is a gambling game to me ,so no fun if everything is cut and dried .

[regandjess] 18/3/2008 10:26

Also remember reading several posts to the effect than when this is relisted it would soar to 9p. It obviously hasnt, so are there any reasons why?.

[regandjess] 18/3/2008 10:23

ImaB....well if you think Bliar is whiter than white,thats your choice to make,Having lost a friend in Afghanistan and spoken to some serving and some ex soldiers it will give a slight tint to your rose coloured galsses.My previous post wasnt anything to to with Bliar, it was a concern that if this was a bargain placing at 6p, why are the MMs now selling them at 3.75p

[imabastard] 18/3/2008 10:15

Tasc .... don't worry .... conspiracy is Reg's major theme .... see his 'Blair' thread .... by the way Reg, a more complete anagram would be 'Brail' .... or 'Libra' etc ....

[tasciovanus] 18/3/2008 10:05

Another conspiracy theorist! Read the 333 page document on the RVD website. It contains all the experts analysis on proven and probable reserves, plus exploration prospects. Top up while you have the chance..

[regandjess] 18/3/2008 09:56

There has to more to this than meets the eye, Is there really this amount of gold available here or is it going to be more difficult to get out than we have been led to believe. The placing price of 6p looks way too expensive now.I know people talk about "tree shakes" and all that, but the shares are still there to be bought and if it is a real bargain why would the MMs give this opportunity to make easy money, after they are not well known for their generosity?.Cant help thinking theres something here we dont know about.

[imabastard] 18/3/2008 09:32

.... the 2008 target price for Gold from Sinclair (check him on the web) is over $ 1,500 per oz .... so, 50% increase to go ....

[imabastard] 18/3/2008 09:27

.... buying opportunity ...

[[e-mail]] 18/3/2008 09:26

is gold price lbs or cwts

[h d shoring] 18/3/2008 09:24

Down 17% on 11 grands worth of shares traded .Bring pains to the bladder.Lol

[imabastard] 18/3/2008 08:58

... and the purchase only weeks away ....

[h d shoring] 18/3/2008 08:52

Here we go again another shake ?.Must be getting desperate.
Maybe somebody nicked all that gold over night .?

[cpurser] 17/3/2008 16:38

gold now $1015

[cpurser] 17/3/2008 16:05

Year recovered ounces

1996 594,919 6.44 123,197
1997 675,612 5.61 121,780
1998 586,499 5.74 108,306
1999 509,242 7.62 124,811
2000 568,903 7.82 143,039
2001 520,575 6.79 113,589
2002 547,702 7.45 131,175
2003 529,611 6.73 114,642
2004 574,137 6.83 126,017
2005 525,221 6.16 104,033
*2006 343,612 5.76 63,583



Source: Competent Person's Report March 2008

* Production from all sections of the Mine was shutdown in April 2006, following
which Philip Shaft production was gradually re-started in June 2006. As a result
of the shutdown, tonnes treated and grade were both lower for the 12 months
ending 30 June 2006

Target recovered ounces p.a. 100,000 x $1013(current price)= $101,300,000
-costs. That's just for the gold. The's also millions of tonnes of silver plus the other projects.

[cpurser] 17/3/2008 15:51

Gold futures racing ahead now up $11

Gold 503.64 STG
492.33 STG overnight

[goldeneye5] 17/3/2008 15:47

How can a buy that size not move the share price? Good to see CDG blue, when all around is red. Silveraw, you could be right with TMP topping up.

[silveraw] 17/3/2008 15:32

Looks like a buy to me at that price. TMP topping up maybe at this very cheap price.

[[e-mail]] 17/3/2008 15:20

can't for the life of me see why any one would sell these, they will
double in 2 months

[goldeneye5] 17/3/2008 15:16

1.92 million share trade....Buy or sell?

[h d shoring] 17/3/2008 12:41

Message to mms ---your shake is not working ,-now what are you going to do ????

[imabastard] 17/3/2008 11:07

....just a few weeks ....

[rokkie] 17/3/2008 10:53

Vatukoula mine buyout imminent
17 MAR 2008

"Once the acquisition is completed, which River Diamonds hopes will be as soon as April 1, the company will focus on returning Vatukoula to profitability, and on exploring the area around the mine.

"The directors believe that the operating losses of the last three years can be attributed to a combination of a lower prevailing gold prices compared to the current gold price and high operating and administrative costs," River Diamonds said on Thursday.

"The acquisition of the Vatukuola Mine provides River Diamonds with the opportunity to bring this historic gold mine back to profitability at a time of high prevailing gold prices.

"We believe this will bring benefits not only to River Diamonds' shareholders, but also to the Fiji Government, the employees at the mine and the people of Fiji," said River Diamonds chairperson Colin Orr-Ewing.

The company also announced that non-executive director David Lenigas would take on an executive role on the company's board, and would advise the firm on technical and operational matters relating to Vatukoula.

Lenigas was formerly senior mining engineer at Emperor Gold Mines, the DRDGold subsidiary which owned Vatukoula before selling the mine to Westech."

[goldeneye5] 17/3/2008 09:45

me too rokkie....bet these will finish the day blue..

[rokkie] 17/3/2008 09:42

well i've picked up a small amount at 3.9. The market looks wobbly and people are prefering cash. remember people were picking these up at less than 1.5p 3 months ago so bound to be some profit taking. The price is now lower than it was pre suspension when the full picture wasn't know.