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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| River Diamonds | LSE:RVD | London | Ordinary Share | GB00B00SV774 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.875 | 0.00 | 01:00:00 |
| 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 | 1.875 | GBX |
River Diamonds (RVD) Share Charts1 Year River Diamonds Chart |
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1 Month River Diamonds Chart |
Intraday River Diamonds Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/8/2008 | 09:22 | RVD Is a GEM - Non Ramped Thread | 696 |
| 03/3/2008 | 16:34 | River Diamonds is a Gem | 2,638 |
| 14/12/2007 | 09:40 | RNS 14.12.07 | 1 |
| 16/5/2005 | 16:21 | RIVER DIAMONDS – mining gem quality diamonds, market cap Ј7.5m. | 15 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 12/8/2008 10:08 by droftarts Perhaps they thought that the share price was going to be a lot higher in RVD and the purchase would be self financing through the sale of some of their existing RVD shares? Or maybe they had a source of finance lined up but due to the credit crunch that has now been withdrawn? IMHO |
Posted at 08/7/2008 14:48 by silveraw And still they sell. I wonder how low it has to go before the sellers give up.At the current share price the company is valued at £54m (1.88 billion shares in issue.) Gold in the ground minimum 800,000 ozs assume production costs at $450 oz then at gold in the ground at current values is $920 - $450 = $470 an ounce x 800,000 = $3.76 billion. They are also seeking to increase the mines output which would increase the gold in the ground value even more. PLUS they have just finished their first full months gold production and will announce the pour results very soon. Gold will now be produced EVERY month adding to profits. They also have 100% ownership of another gold mine in Brazil plus diamond exploration assets in Sierra Leone ( licence being renegotiated) The share price is a complete nonsense as the current valuation per share is a minimum of 20pence |
Posted at 26/6/2008 15:35 by silveraw OK so it's a bit on the red side today but all is not as it seems. Add up all the trades at 3.55 (buys) or over and you have a net buy over sell total of well over 200k (calculated at 3:15 pm). Hardly a problem is it?. The drop in the share price is engineered yet again by the mm's who want as much stock as they can get at these low low prices knowing full well that they can sell at a far higher price once the gold pour RNS's star coming through. There is a further benefit for TMP in all off this as RVD with the gold/silver/diamonds produced will very quickly move into a very big profit and the subsequent dividends will give TMP a large cash injection based on their vary large share holding in DVD. A previous RNS did advise that they hoped to declare dividends as soon as possible. I have a large holding in RVD and will most certainly be keeping the shares looking for a very favourable return in the quite near future. (I have bought more this week.)Yes I also hold TMP and this will also rise on an RNS gold pour. |
Posted at 08/5/2008 12:35 by popper4 droftarts the share price is frustratingly low but bear in mind before RVD suspended that the share price rose dramatically over the last couple of weeks and also since then we have had a big dilution as well, bear with it, it will come good. |
Posted at 23/4/2008 14:02 by seagreen In all fairness to the boys on the MM's desk there has clearly been a bit of a seller around and until he is cleared out we will just have to sit and suffer someone has just spat otu 500,000 at 3.75, but if they bought in at less than 2p thats a good turn. I posted earlier on the traders thread a comparison with Hambeldon HMB market cap £62.5m targeting to rehit 40k oz production of gold in Kazakstan RVD market cap £67.41m targeting to rehit 120k oz production of gold in Fiji 3 times the production level in a safer environment virtualy the same market cap? You would expect RVD to be at least 12p then? And looking at the Collins Steweart note Feb 07 on HMB that says their market cap should be circa £140m or 30p share on a like for like assets in the ground basis compared to other gold companies as thet have 3.5m oz in the ground........... Poor old RVD has only got 5.1m oz in the ground which would give it on a similar like for like basis of $72 in the ground a market cap of £184m or 11p although the gold price has moved from $600 odd to over $900 and acording to the Hithcins note the comparable rate is now $97 in the ground which would give HMB a market cap/share price of 40p a share on a comparable basis and RVD a market cap/share price of 15p. BUT RIGHT NOW IT AINT!! Looks to me as though we have two undervalued gold mines with very good grades |
Posted at 21/4/2008 12:55 by silveraw We do now and again have a go at the mm's for what we consider unfair pricing of a share. In the case of RVD could there possibly be a more clear cut case of this bearing in mind the shares traded since the relist.To date by my calculations 76,454,750 more shares have been bought than sold so how do the mm's explain a share price of 4.50/5.00 on relist compared to the current share price of 3.75/4.25 ? it is a complete nonsense that the more shares that are bought the lower the share price The sooner they let this share find it's own level the better for all of us. |
Posted at 09/4/2008 12:01 by seagreen IMA I did mean 100,000 oz per year production would give a valuation of 10p, I now realise this was using the old number of shares in issue and not knowing the final market cap valuation and number of share in issue on relisting. There are now 1,685,155,387 shares currently in issue per AIM relisting document. SOME NEW REWORKINGS OF NUMBERS 1) ON A PER ANNUAL OZ PRODUCTION BASIS at an exchange rate of US£1.998: On the very conservative industry standard of US$2,000 per annual oz, you get a market cap of just over £100M or a share price of 5.9p (current mkt cap = £71,619,103.95 @4.25p). Due to the long mine life on US$3,000you get a market cap of £150M or a share price of 8.9p There has been talk on the board of production being ramped higher and indeed in the year 2000 they produced their highest ever return of 140,000oz per annum. Certainly between 1996 and 2005 before the troubles in 2006 the mine was constantly producing in excess of 100,000 oz a year. If you rework the numbers @US$2,000 per annual oz @120,000 p.a. share price = 7p @140,000 p.a. share price = 8p @US$3,000 per annual oz @120,000 p.a. share price = 9p @140,000 p.a. share price = 11p (Although if they invested in a new shaft people accept production could increase to 300,000 oz per annum but the capex would be large, but clearly a larger player in the gold industry might be tempted as by spending around £100M your cash flow would shoot and your valuation would go up 3 times.) 2) ON A PER OZ IN THE GROUND BASIS at todays exchange rate This is where it gets exciting we are currently only valued at US$29 per oz in the ground per the compliant report which indicated 5.15M oz times US$29 divided by 1.998 gives a share price of around 0.045p If you rework the numbers on the same basis as Highland Gold which are currently valued at US$190 per oz in the ground and it is in Russia, you get a market cap for RVD of £480M or a share price of 28.8p Now what is also amusing is that when I did my comparison of CEY's share price and assets in the ground, guess what I forgot the Government owns half the project so again if we compare ourselves to the non producing CEY in my post above guess what we get 32p for RVD not 16p. So I still feel that when production ramps up we should hit around 10p and if we get taken out we could well see a price in excess of 20p Footnotes: 1)Actualy the Hitchins research figures are now working on 120,000 oz per year annual production. 2)Other comparisons on oz in the ground basis versus market cap are Avocet US$160 HighLand gold US$190 Hoschild US$420 (This is a gold equivalent figure) Kazach Gold US$64 Peter Hambro US$254 Randgold US$224 But would welcome any comments if I have screwed up on the numbers |
Posted at 28/3/2008 07:41 by seagreen 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 |
Posted at 21/3/2008 09:41 by imabastard Instarich .... the JP Morgan buy out is not yet clear cut for Bear Sterns, there is a growing opposition to the move, albeit an expensive one with JP Morgan still getting many benefits if they can't get all of it. .... my guess is that staff will be shed before assetts .... and as there might be a month before anything is finalised and probably another month before staff are ousted, I think any assett shedding may be a way off .... after all, if the price is $ 2 a share, then the assetts have already been bought at a discounted price .... I guess it will also depend on the performance of the RVD share price in the near future .... the confirmation of the Emporer purchase and the progress of production .... but if the share price is growing, why shed it yet ? Also take into account, this is only £ 1.5 million at today's prices and if the production is 100,000 ozs, the profit , turnover and market cap are far in excess of this ... however, any dumping of 40 million shares on any stock will make a difference to an share price progress .... but for me, I'm not 'immediately' concerned .... |
Posted at 21/3/2008 07:28 by instarich Found an interesting point on the RVD website and wonder what effect it will have on the share price. My immediate worry is that it will hold the share price down for a few days maybe longer if they try to off load. The troubled American bank Bear Sterns hold 40,000,000 shares or 4.79% of RVD stock. Anyone else have a view? |
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