River Diamonds Share Discussion Threads

[droftarts] 31/3/2008 16:16

I'm surprised that the share price hasn't risen on this news. Mind you nothing ever surprises !

I would like to think that we will get a trading statement every 6 weeks, in these early days.

[tasciovanus] 31/3/2008 11:17

That didn't take long. Couldn't really see anybody objecting. Lets look forward to an announcement about operational progress and some positive share price action. Good luck holders.

[driver101] 31/3/2008 11:07

River Diamonds PLC
31 March 2008


River Diamonds PLC

('River Diamonds' or 'the Company')



Result of General Meeting


Further to the announcement on 13 March 2008, the Company is pleased to announce
the resolution relating to its acquisition of the 80% of the share capital of
Viso Gero International, Inc. not already held by the Company was passed by
shareholders today.



It is expected that Re-Admission of the Enlarged Group will become effective and
dealings in the Enlarged Group's shares will commence on AIM on 1 April 2008.

[imabastard] 31/3/2008 11:07

As expected.....

"Further to the announcement on 13 March 2008, the Company is pleased to announce
the resolution relating to its acquisition of the 80% of the share capital of
Viso Gero International, Inc. not already held by the Company was passed by
shareholders today."

[imabastard] 30/3/2008 12:21

General Meeting
(to approve full ownership of Emporer ) 31 March 2008

Completion of the Acquisition, Re-Admission becomes effective and dealings commence in the New Ordinary Shares 01 April 2008

.... all happening in the next two trading days .... Monday and Tuesday ....

[broomsticks] 28/3/2008 15:37

That's true, we don't know the extent to which the situation is influenced by politics but it doesn't alter the fact that it could all get a bit 'sticky'.

I would really like to see this problem solved because I have held shares in River Diamonds for a very looooooong time.

aimo,dyor

[imabastard] 28/3/2008 15:17

.... I don't think any of us know the full extent of reality versus spin in the politics and lives of Fijians .... while it would appear from the outside that a simple solution is evident .... maybe the Fijian Government should be funding it from the enormous upswing in tax levies and collections they have achieved in the last twelve months from all businesses governed by Fiji .... we just don't really know ....

[broomsticks] 28/3/2008 15:00

Sorry if this rains a bit on the parade but I can't help thinking that production could all still be 'pie in the sky' if the following problems are not addressed.


Living conditions in Fiji must be pretty bad for the president of The Chamber of Commerce to plead with the Australian Government for jobs for redundant Fijian miners.

Swani Maharaj the president of the Chamber of Commerce says "I plead with the Australian Government and our interim administration and shareholders of the Vatukoula mine who are Australians to help the redundant workers."

An observation here is that the Australian Government will in all probability be wary of militancy and will need to carefully weigh the advantages and disadvantages of such employment. It may also be reluctant to accept as hinted at by Swani Maharj that it is incumbent on the Australian Government or Australian shareholders to help redundant Fijian workers.

It is a sad situation where there is no denying the fact that if the Australian Government does offer contracts to redundant skilled Fijian miners, providing satisfactory terms are agreed, then it could be advantageous to all concerned, including the Emperor Gold Mine.

The present situation is imo only lending itself to the dissent of miner against miner with the end result having two possible cohesive outcomes, all Fijian miners employed or none employed.



aimo,dyor

[seagreen] 28/3/2008 07:41

My view is TMP is worth around 4.5p when RVD is 7p and as RVD is only worth 4.5p TMP will have to wait for the world to recognize how undervalued RVD is, hence I jetisoned TMP and took a profit, that is not to say TMP wont become a good buy again soon.

TMP were always going to have to raise funds on the back of their rvd investment to pay for their additional rvd shares (ok they can give paper but not convinced they will) and to progress their Georgian assets so need to wait and see how that goes.

One way or anotehr though they will be indirectly marketing RVD and I think RVD are also going on a bit of a road show to point out how under valued this company is, which is timed to coincide with the acquisition next week on 1st April, so hopefuly we will see this move up to 6p and then further as the production is ramped up.

There is also a rumour which I tyake with a pinch of salt that they have also turned down one bid from a South African major who wanted their reserves for its balance sheet as 5M oz of gold is enourmous and gives this a 50 year mine life if it produces 100,000 oz a year its of the clock so I shall wait patiently for my 20 to 25p whilst the world wakes up after the credit crunch etc etc etc

[perch1] 27/3/2008 19:56

seagreen - how about TMP ?

[seagreen] 27/3/2008 18:44

Well I have added today I have a valuation of 10p on a production basis of 100,000 oz production and 18p on a takeover basis of oz in the ground, I simply dont know of a more under valued stock on the AIM market.

[davew28] 26/3/2008 20:57

6iain,
It's small fry compared to Vatakoula. See how much time and effort they put into mining diamonds in Brazil but that is all history now.

[6iain] 26/3/2008 20:20

Exploration Licence EXPL 1/06 covering the Panguma Diamonds Project was issued
on 1 March 2006 and expired on 1 March 2008. The Company has applied for a
renewal of the licence for a further term of one year and is currently awaiting
the outcome of this application. Should the renewal of the licence not be
granted, the Company will no longer have an interest in the Panguma Diamond
Project.
RVD RNS 06/03/2008

Has anyone got any further news on this side of things?????????
The last sentence seems a little odd considering the time...effort....and money they have put into Panguma + what it could add to RVD's future

[goldeneye5] 26/3/2008 16:32

2 x 250000 share buys just at the close. At least this is blue

[tasciovanus] 26/3/2008 14:23

But why would Viso Gero prefer TMP shares to RVD? I would have thought if they are prepared to give up their RVD shares, then they would rather have (or need) the cash.

[seagreen] 26/3/2008 14:10

edit ok looks like a share swap with TMP shares for rvd shares

[seagreen] 26/3/2008 14:08

Does beg the question as to how TMP are going to raise the money for their additional shares as they aint got it?

[seagreen] 26/3/2008 14:07

Hope your in LSE:WTN/TSE:WTN to as its going balistic buy note out at Can$5

[imabastard] 25/3/2008 22:13

Seagreen .... got out of TMP too at around 4p but bought just over 2.5p in December .... so, can't complain at 40% up .... but reason for my sale of TMP was not linked to RVD .... Russia and Georgia are coming to blows and with Russia's size and corruption record, it became too unstable a prospect for me .... their Adjaria project is in Georgia .... it might all blow over but I didn't want that level of risk .... the project success, or any project, is enough of a risk on it's own .... all of this aside, a 25% stake of a £ 100 mill market cap (RVD at 6p) is greater than the £ 15 mill market cap that TMP has at present .... and if we assume growth in the RVD sp, the TMP market cap becomes even more undervalued ....

....nice to see TMP topping up more in RVD .... wise move .... Fiji, despite all it's minor bickerings is a far more attractive political prospect than a stand off with Russia in Georgia ....

....thanks for the nod on ACU ....

[h d shoring] 25/3/2008 20:57

Templar are buying in the shares rvd have issued to buy the mines.

[davew28] 25/3/2008 20:34

Looks as though they will not be new shares so must be taking on someone elses allocation, perhaps it could be Bear Stearns (40m) plus others. Obviously should be good for the share price with over 25% of the company's shares at 6p (post vote).

[davew28] 25/3/2008 20:07

This is the RNS. Not sure if these are new shares or taking up of existing shares from the market. Surely will boost the shareprice:


Templar Minerals to buy further stake in River Diamonds for 8.6 mln stg




LONDON (Thomson Financial) - Templar Minerals Ltd, said it has entered into
an irrevocable offer to purchase 143.290 mln River Diamonds Group shares at a
price of 6 pence each valuing the deal at 8.6 mln stg.
Templar said it currently holds 285 mln shares in River Diamonds and
following re-admission of the River Diamonds share capital to trading on AIM,
and assuming the purchase of the additional shares, it will hold 25.4 pct or
428.29 mln shares in River Diamond's enlarged share capital.
Payment will be made within 30 days of the successful general meeting of
River Diamonds approving the acquisition of the balance of the Emperor Gold Mine
in Fiji that River Diamonds does not already own, the company said.
Templar chairman David Lenigas will become an executive director of River
Diamonds and will cease to be a non-executive director of the company. In
addition, Ian Stalker and Neil Herbert, respectively non-executive director and
finance director of Templar, will join the board of