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Botswana Diamonds PLC - diamond exploration company with licenses in Botswana and South Africa - For the six months ended December 31, pretax loss widens marginally to GBP195,000 from GBP194,000 the year before, as no revenue is recorded for either financial periods.
Cash position as at December 31, is GBP39,000, up from GBP13,000 the prior year.
During the period, the company discovers a new diamond bearing kimberlite at the Thorny River project in South Africa. Post period end, Botswana Diamonds signed a cooperation agreement to fund the exploration of its prospecting licence assets in Botswana with Diamexstrat Botswana Pty Ltd.
Current stock price: 0.79 pence, down 7.6% Monday
Year-to-date change: down 7.1%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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