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- 2 March 2006
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Reaccquainted myself with the comings and goings of this company for the first time in a while - and i have to say it looks (prima facie) to be not far off some kind of move.
They are developing a mine in Botswana that will produce a forecast 330,000 carats of diamonds p/a for 10 years from 4 discrete kimberlite pipes. I am not entirely sure of Botswana's Mining Laws - but i'd imagine they are not as onerous as South Africa's BEE requirements (if i was a Socialist i wouldn't be a trader) so this must be an added incentive (if anyone does know - set me straight - on the laws that is!!!). The DFS came up roses (most recent Qtly.) so now all that is needed is the financing package... Directors recently exercised a swag of options as well...
Diamond scratchers are iffy (i should know!!!) - but as they go, this looks like one of the more likely ones (relative to some other laggards... i won't name names... most of us would be able to think of at least 2 or 3... - hint: they have "D" in their ASX codes...).
They are developing a mine in Botswana that will produce a forecast 330,000 carats of diamonds p/a for 10 years from 4 discrete kimberlite pipes. I am not entirely sure of Botswana's Mining Laws - but i'd imagine they are not as onerous as South Africa's BEE requirements (if i was a Socialist i wouldn't be a trader) so this must be an added incentive (if anyone does know - set me straight - on the laws that is!!!). The DFS came up roses (most recent Qtly.) so now all that is needed is the financing package... Directors recently exercised a swag of options as well...
Diamond scratchers are iffy (i should know!!!) - but as they go, this looks like one of the more likely ones (relative to some other laggards... i won't name names... most of us would be able to think of at least 2 or 3... - hint: they have "D" in their ASX codes...).