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‘The agreement will bring more skills, values, jobs and therefore more revenue to Botswana, he said.
The newly-negotiated deal will, over a 10-year period, increase Botswana's share of diamonds to sell from 25 per cent to 50 per cent.
In addition De Beers will invest as much as $750m in the next decade to grow Botswana's diamond industry.’
That’s quite an investment. Surely this is great news for BOD?
We find ourselves on the cusp of an update from JC and the team.
The SP continues to hang around 1p (bonkers) but will the next RNS be the turning point?
Assuming all good news, will BOD capitalise on it and max out on PR to gain interest from more investors?
In light of the greater certainty (DeBeers/Government) will we see subtle hints of what’s to come?
Any day now people… keep those fingers crossed!
I think we’re all feeling the same re the lack of updates.
JC continues to post on Twitter but unsurprisingly nothing significant or any hints of where they’re at.
Continuing to go with ‘no news is good news’ and keeping fingers tightly crossed.
JC, if you’re reading this (and you probably are), in the absence of an RNS, a few more hints on Twitter would be good to keep us LTHs fully engaged ;)
I may be being naive but whilst I get that the DeBeers/Botswana deal is a big thing, I’m not sure how this would, short term at least, affect BOD.
Happy for someone here with a better grasp of things educate me.
Unless JC is looking to include the outcome within the next RNS in order to give a more rounded picture (regardless of the deal outcome)..?
The appeal of BOD is that it’s really not a one trick pony. Each one of their projects have potential (some more than others). It doesn’t all hang on on the success of one individual prospect.
I continue to trust in JC to do the right thing (as per his very compelling track record).
I think before the end of this month we will have;
Permit granted for TR and expectation setting around mining commencement date
Production and sales figures (generating enough cash to avoid a fund raise)
Positive news on Maibwe
I could be entirely wrong but if I was a gambling person this would be my bet 😊
Hi JK and welcome.
Agree with you completely. As long term holder you no doubt understand BOD is not for the impatient 😊
Having operations at both MARS and TR does sound a tad optimistic and I get that they might be ploughing through what they can before they up and shift across to (hopefully) start on the mother load that is TR.
JC will be watching this board and will, I’m sure, be keen to deliver the news. The positive vibes being sent by JC via Twitter are enough for me to know that we are in a safe place right now. If it were just production figures we would have had them by now. Something else is afoot and we just need to hold on to find out exactly what is going on.
All exciting stuff! 😊