Sant Uk.10te% Discussion Threads

[andrbea] 03/3/2008 15:52

sta up 8.58% (sanatana on tsx)

[andrbea] 27/2/2008 15:09

sta.tsx (sanatana)

up 4.44%

1.17 $ = 59.92p

[andrbea] 25/2/2008 16:08

up 4.39% on tsx
they seem to like SAN's RNS (last Fri)

[andrbea] 22/2/2008 14:51

Here is a link from BNN, its near the end, but Allan Barry says STA is one of his top picks.
link :

This link was from my SNO post, but STA is near the end and if you want to see


STA (tsx) = SAN (Aim)

[andrbea] 28/1/2008 08:00

Sanatana Diamonds to Raise CAD10M



By Avi Krawitz Posted: 01/23/08 09:13 [Submit Comment]


RAPAPORT... Sanatana Diamonds said it expects to raise as much as CAD10 million in a private placement of its shares, below its previous estimate of CAD 13 million.

The company announced the placement would be at CAD1.35 per share and CAD1.55 per flow through share. Each unit will consist of one common share and half of an 18-month common share purchase warrant. The exercise price of the warrants will be CAD1.65.

Sanatana said it would use the funds to cover exploration expenses at its Mackenzie diamond project in Canada's Northwest Territories.

The offering is expected to close February 5, 2008.

[andrbea] 11/1/2008 09:42

full story:

[andrbea] 11/1/2008 09:41

news from another company sampling in Nanavut:


January 08, 2008

A stunning diamond discovery in Canada's Far North sent investors into a frenzy on Tuesday and put the spotlight on a sector that has been largely overlooked during the commodity run of the past few years.

Vancouver-based junior Diamonds North Resources Ltd. said it found 550 diamonds in a small drill sample of 81.75 kilograms at its Amaruk Project in Nunavut. That works out to a remarkable 6.7 diamonds per kilogram, making it one of the best Canadian discoveries in years. The stock soared 129% to close at $1.79, with nearly 13 million shares changing hands.

[otd] 21/12/2007 13:31

Sanatana Diamonds Hits the Jackpot

[chesty1] 21/12/2007 08:34

Well Kas it looks like you missed out on some profit but well done for banking it...

Not a holder here, just watching for fun.

Well done to all here, I know its dipping today BUT it has had a flying month.

[kasman] 20/12/2007 16:55

I sold my 10000 shares yesterday just before suspension. Initially kicked myself when the news came out today, but in retrospect, maybe not such a bad idea. .55 carat isn't such a lot, and these are all three samples now done, so rumour part of the trader equation is finito. This may tank now on fears of fundraising again, and I hope it does so as to vindicate my sell (I'll go ape if this rockets :) ).

[sven2006] 20/12/2007 16:42

also, is there another drilling report due, I though there were going to be 3 in all ?

[sven2006] 20/12/2007 16:42

william, where do you see this going seriously ? What kind of prices ?

Regards

sVen

[william47] 20/12/2007 16:04

THIS IS ONE OF THE BIGGEST DIAMOND FINDS IN HISTORY.523 STONES AND PROBABLY GRADES ARE 4 TIMES BIGGER.8-10 QUID.WAIT TILL THE CANADIANS GET HOLD OF THIS.CANNOT BUY

[cpurser] 20/12/2007 15:59

This could easily multi-bag. imo. Which it has done already!!

[saifon] 20/12/2007 15:37

2. Ability to Continue as a Going Concern

The accompanying interim financial statements have been prepared in accordance with Canadian generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business. Accordingly, these interim financial statements do not reflect any adjustments in the carrying values of the assets and liabilities, the reported expenses, and the balance sheet classifications used that would be necessary if the going concern assumption were not appropriate. Such adjustments could be material.

As at September 30, 2007 the Company has no source of operating cash flow and has an accumulated deficit of approximately $2.5 million (March 31, 2007 - $2.1 million). Operations have been funded primarily from the issuances of common shares and working capital.

[mark3tmaker] 13/12/2007 17:39

cpurser when are these due?

[cpurser] 13/12/2007 17:24

Holding up well om the TSX, next set of assay results should start another rush.

[armand traore] 13/12/2007 15:35

Diamonds: An Investor's Best Friend?

By David Williams
12 Dec 2007 at 09:53 AM GMT-05:00


JOHANNESBURG (Business Day) -- Diamonds may be a girl's best friend, but are the diamond producers suitable for serious investors? Summit TV speaks to James Allan from the Allan Hochreiter consultancy

DAVID WILLIAMS: Welcome to Face to Face, we're talking about the diamond market with James Allan of Allan Hochreiter. James, the diamond trade is different to others - let's talk first about supply and demand projected. My overall impression from what I have read is that demand is going to grow but supply is going to be pretty constant...




JAMES ALLAN: Demand has been growing pretty well in the last four or five years - it peaked around 8% in 2002 but slowed global demand probably growing at around 5%, which is a fairly significant number of diamonds. If we think diamond production globally is around about $13 billion, a 5% growth rate is $650 million worth of consumption every year that's being added to the market. South Africa probably produces twice that so that gives an idea of the kind of growth rate in the world.

In terms of supply, one of the problems with diamonds is they come from kimberlites, and everybody says, "I've got a kimberlite near Kimberley" and you say, "Whoopee, that's why it's called Kimberley." Kimberlites are very common - there are about 6,500 of them in the world, and of those there are probably 20 producing mines. From the statistics the geologists will tell you that maybe one in 100 kimberlites contains microdiamonds, and one in 100 of those may become profitable - so finding a producing kimberlite, or a kimberlite with the potential to produce, is extremely difficult.

It's extremely costly - estimates have ranged from $500 million to $700 million to find a kimberlite that has the potential to become a mine. So it's extremely difficult to find new mines - you will see the most recent ones have been in Canada. In South Africa the most recent one was Venetia 25 years ago. The supply side is looking reasonably good at the moment in terms of some growth, but it's probably growing at 1% per annum - so demand is growing at 4% to 5% per annum, supply is growing at 1% per annum and you have an imbalance in the market.

DAVID WILLIAMS: The industry has been revolutionised over the last few years. De Beers changed their approach, the stockpiling stopped - there's much more supply and demand the real market operating - but is South Africa closer to the gold industry? The gold mines were discovered early, but they're largely mined out. One thinks of De Beers' aerial prospecting over huge areas of land that saves a lot of money - where do we stand in terms of future prospects in South Africa?

JAMES ALLAN: I think everybody keeps going over the same ground in South Africa hoping that new technology will reveal something that hasn't been found before. The reality is that some of the big mines in South Africa are getting towards the end of their lives - we've seen De Beers sell Cullinan for instance to a smaller player Petra Diamonds [LSE:PDL]. They will probably make a great success of it as they have done with Koffiefontein. Finch Mine is coming to the end of its Block 4 - they have then got to think about, do they go underground to the next level which is Block 5? They will face the same dilemma that they did with Cullinan. Venetia has to go underground in 2020 - they start drilling next year to delineate the ore body at depth, so there's a massive plan in place there - but at this stage there are no new big kimberlites to be found in South Africa, or so we think.

DAVID WILLIAMS: Reading a report by Tessa Kruger which quotes analyst Des Kilalea, they identify the top 10 investable diamond companies by market cap - it's interesting only one of them is South African, and that's Trans Hex [JSE:TSX] - but you say Rockwell [TSX-V:RDI] has now overtaken them. We spoke to Rockwell a couple of weeks ago when they listed...

JAMES ALLAN: I must note here that I am corporate advisor to Rockwell - and was involved in the listing and the capital raising process - so I'm obviously a little bit biased in that direction. Rockwell's market capitalisation is around about the same as Trans Hex, possibly slightly larger on any given day. It's listed in Toronto as well as in South Africa so one needs to take a look at that - the fact that there are shares listed in that country as well. So that will make two companies listed in South Africa in the top 10.

DAVID WILLIAMS: Looking at the sector there's lots of little companies doing things - consolidation ahead which means different opportunities for investors?

JAMES ALLAN: Absolutely. I think there's probably 30 companies in what we would call the mid-tier market capitalisation globally that are involved in diamonds. Some of those are producers - very few of them I'm afraid - some of them are explorers, and most of them have got a great deal of blue sky. There will be consolidation in that industry as we go forward.

DAVID WILLIAMS: What about pricing? Other commodities have run very hard in the last few years - some of them are obvious, China needs iron ore - how do diamonds compare in terms of price?

JAMES ALLAN: We have seen iron ore go up by 30% and 40% in recent price increases, we've seen copper prices double and triple over the last five years and similar things with all the industrial metals - what we have got to realise is that the Chinese economy is at the stage where it's consuming industrial metals, and that's been really driving the commodities market. Where diamonds are concerned the Chinese are consuming more and more diamonds - growth there is in the double digit area - but China is probably only consuming about 3% of the world's diamonds at this stage, so it will be some time before China has the same kind of impact on the diamond market as it has on the other commodities. Nonetheless, diamond prices if we talk about on a global average are probably 35% to 40% up on where they were in 2002. You must remember of course that historically the diamond market was a more managed market, and you certainly didn't see the volatility in diamond prices that you had in the other metals - so it was coming off a higher base.

DAVID WILLIAMS: The desirability of diamonds - it's a unique commodity that depends on what people think, they don't need it to do things - is there any chance the market could fail because desirability leaves?

JAMES ALLAN: We could debate whether people need diamonds or not. I would just point to the fact that while I was waiting for you I pulled the plastic model diamond out that John Bristow showed you on the show a couple of weeks ago - immediately all the women working on their computers clustered around to look at this piece of plastic they thought was a diamond. Women love diamonds, men love women - I think as long as that carries on we've got a diamond market.

DAVID WILLIAMS: That enduring phrase springs to mind: "Diamonds are a girl's best friend."

JAMES ALLAN: An absolutely phenomenal phrase.

DAVID WILLIAMS: The best friend of investors in the next couple of years?

JAMES ALLAN: I think that it will be a very good friend of investors - remember it's got to compete against all the other asset classes. We've seen massive increases in stock prices for many of the other commodities - diamond shares have underperformed relative to the others - so a lot of investors are saying this is the next sector that's going to perform over the next five years. Let's not forget that we are looking at a growing deficit in diamonds - growing over the next five years to maybe an $8 billion rough diamond market in a total market of $13 billion - so very good demand could come through for some of the shares, particularly those that are producing diamonds. I think this is going to be the key thing investors are going to look for is delivery - it's all very well having blue sky and having lots of what the Canadians call "moose pasture" that we might call "gorilla pasture" if you're in the DRC or "sheep grazing" in the Northern Cape - but more and more investors are going to say, "Where is the delivery from the company?"

With Summit Business TV.

[mattc1] 12/12/2007 19:26

Is the 7% rise likely to be reflected on opening tomorrow?

[richtea120] 12/12/2007 17:29

the other thing to consider they have the backing of kenecott subsidiairy of rio tinto ,and i am sure the expertise of companys all for 15% not a bad deal imho.