Member Info for graham-wales

I have been buying loads yep. You seen my figures there. It's another biggy and the BOD don't even take a fair wage. $200k plus per month. Will be getting more once CRND goes pop.

Unfortunately as the only assets they have are day to day customers not sure there is much to buy. Just seems strange that they stopped paying a divi once the initial investors had practically sold out yet they had a similar amount of cash in the bank. Directors own most of the shares so would be easy for them to delist and disapear. Not saying they will but it's pointing in that direction.

Not sure how this is going to play out but don't think it's looking at all good all that money and no divi. Yet when the initial investors were in they pay a bonus divi. Financial director just after they announce revenue is slightly smelly. Just be careful as this might not go on much longer.

Anyone left in here now?

That can't be a good sign.

They are a high cost miner unfortunatley. http://uk.reuters.com/article/2015/06/24/uk-minerals-diamonds-idUKKBN0P41PT20150624

http://www.mbendi.com/indy/ming/dmnd/af/sa/p0005.htm#10

If they double shift then double it lol

Let's start again. initial report suggests 6 carats per 100 tonne. So let's base it on that as they now say recovery rate is better. 80 tonne per hour gives total of 500 tonne per day therefore 30 carats per day at say $300 per carat (split the difference). $9k per day based on 25 days per month = $225k per month or $2.7 million per annum. That's assuming they don't find any big stones.

Yep figures are wrong lol replace 1000 carats per day with 3.6 carats per day lol.

Revised estimate 60 tonnes per hour on say a 6 hour day allowing for any stoppages. 360 tonne per day. Initial report suggest 6 carats per tonne but again let's assume half at 3 carats per tonne. 1000 carats per day at a rate of again not being greedy $250 per carat should give an income of $250k per day. Not sure I'm missing something here but either this is way undervalued or my figures are totally up the creek.

https://www.beaufortsecurities.com/videos/Bluerock-Diamonds_S.pdf

http://www.bdlive.co.za/business/mining/2013/08/21/blue-rocks-acquisition-of-kareevlei-a-bargain

Should know what's down there being an ex de beers mine. Mr. John Leslie Courtney Kilham is the Chief Technical Officer, Executive Director of BlueRock Diamonds plc. John Kilham is a geologist with 33 years of experience, 27 of which he spent with De Beers and most recently was responsible for resource evaluation projects in Kimberley. He has particular experience in resource estimation, open cast diamond mining, tailings retreatment and diamond recovery plant and machinery. He is a member of the Geological Society of South Africa, a certified professional of the South African Council for Natural Scientific Professions (SACNASP) and is qualified as a competent person. He holds a Masters degree in Geology, and assumes technical responsibility for the implementation of the Group’s mining plan.

£40k delayed buy. Wonder how big those diamonds are.

If you got some money to put away for a short while ATQT is the one. Fancy that one big time to grow and grow. Bit more expensive than Cap-xx but same potential.

I know its a bit expensive for your taste and not a miner but i do like the look of ATQT. You probably seen me promoting it lol.

Suppose it would be the first time we buy at 23p and sell at 1p lol Buy high sell low.

Initiall in at 10p but sold out as got bored lol. You sure you got those figures round the right way lol

I wasnt but got back in lol. Will do some more recent research on here now. Just looking at big diamond miners who are struggling with cost of extraction. Prices are going up because resources are getting deeper. This could be a very nice earner with m cap of just £7 mill now.