RE: value5 Feb 2014 08:27
No. it doesn't include the new shares, nor any of the money which is promised to buy them. This is all expected to be finalised by end March, requiring FDI shareholder approval (which is not in doubt) and completion of quite a few contracts with the shareholders, for other working capital and with the bank loaning an additional $82m in project finance.
Post all these transactions, I would expect the FDI share price to remain in the 4p to 7p range until production commences late in 2015; full production by mid-2016 when diamond prices are expected to strengthen as some of the older mines close.
It's also likely, in my view that FDI will at some time do a 10:1 share swap to reduce the no. in circulation with the same overall market value - although clearly this isn't too important right now.