Member Info for amadan

At the moment the share price is talking

🌛

RNS of 7th May: "The Company is in process of selecting the first stones for cleaning and estimates that initial results will be available in the coming weeks."

Use of the word "estimates" suggests "we know there is no realistic prospect of weeks as we know this could take months but we need to get a placing sorted."

Greater clarification expected from professional outfit.

The wording and omissions of the recent RNS indicate that a small % of the fundraise is to be spent on beneficiation despite the clever order of mention of the various expenditure items.

My guess is Frontera must be exhausted.

Frontera has gone extremely quiet relative to his recent performance! Guess why?

Loads of ramping, promises/innuendos of pots of diamonds and so on.

The vagueness in that RNS is that as little as 0.35% of the fundraise could be spent on beneficiation.

145,000, I think I am correct in saying this is by far the largest buy in a long time - many months.

The bigger question at present is how soon will we have an RNS re diamond sales?

£50k -£75k does not mean institutional purchase. I'm certain of that.

It is part of the reason AIM has lost a lot of credibility.

The surprise 6000 carat parcel intrigues me. I'm not convinced this was pure serendipity but more likely a sweetener of sorts despite all the assertions of secure untouched calculated diamonds.

Could be a month or 2 before RNS. Nothing to confirm any sales so far.

Do we have confirmation that the sale of the diamonds 💎 has commenced?

I'm happy to wait one month for a substantial RNS and we may get Tajikistan RNS first.

AI got it wrong then.

Overview

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Gem quality diamonds from Zimbabwe typically range in value from $400 to $12,000 per carat. However, the exact price can vary based on factors like size, clarity, color, and quality. According to the African Mining Market, some Zimbabwean diamonds have been sold for as much as $12,000 per carat, while others fetch around $400 per carat.

Factors Affecting Value:

Size:

Larger diamonds generally command higher prices.

Clarity:

The fewer inclusions (natural imperfections) and blemishes, the higher the value.

Color:

While Zimbabwe is known for fancy-colored diamonds, their value depends on the specific color and intensity.

Cut:

The shape and polish of a diamond also influence its value, as a well-cut diamond will have more brilliance and sparkle.

Diamond Characteristics in Zimbabwe:

Murowa Mine:

Known for producing beautifully shaped, smooth-skinned diamonds with high qualities and medium-range colors.

Marange Alluvial Diamonds:

These diamonds are often larger and may have a brown or green tinge due to color skins.

Black Diamonds:

Some diamonds from Marange contain graphite, which can result in black diamonds that may be treated to enhance their value.

I might add that AP impressed me in his recent podcast. He spoke with more conviction and ease and knowledge and depth than other CEOs I have listened to. In brief AP inspires confidence.

Thanks for sharing that Frontera. I can identify with your scars.