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Thank you, and fingers very much crossed for us all on this one!
I have been told that the 300,000 approximate share will be transformed into 300 in... Acturis Data? Seem correct?
So, it is difficult to understand how important the last RNS's have been. We know that the successful Karowe Mine is one of the world's most significant producers of large and high-value diamonds including Type IIa and coloured diamonds. AK6 is a roughly north-south trending elongate kimberlite body with a surface expression of ~3.3 ha and maximum area of ~8 ha at approximately 120 m below surface.
The BOD finds now are over 21.5 ha... they are in a similar geological part of the world... so potentially bigger than Karowe mine, Double the size of Ghaghoo Mine at 10.8 ha, but way off the 120 ha of one of the world's biggest of Orapa mine in Botswana, still mined now, and found in 1969.
A way to go... but WOW...
They will hit a wall soon, where little free shares, and then it will need to climb up over 0.75 to catch any attention, then 1p for some others to break even, and the third wall of us LTHs who realise patiences
In JT summary he states the original 3.5ha has almost 9 million carats. So with extra 12 + 6ha found, that's potentially 54 million more carats. Total of say 60 to round. At the inferred $65 per carat that is 3.9 billion in value, but of course there are huge set up costs etc... but this could be the next big diamond mine, and the likes of De Beers etc could be tempted to place in an offer. Quick maths, so would need to check... But WOW potential.
Added exciting bonus for BOD and for Botswana is that the technique will analyse a number of different minerals. We have always believed that there are more diamond deposits to be found under the sand. Now there is the possibility of other deposits being identified".
Possibilities could be Massive.
With recent highs in Gold, we often see Diamonds of quality being held. This could definitely be a upside to BOD and SP here. BOD have a LOT of such diamonds held in the ground (especially in Botswana).
Agree, with forecast of massive need for more electricity (and that being from sustainable sources), we could see strong performance over time (I'm thinking ten years). I've 5% of SIPP, but looking to increase over next year.
Yes, so much going on, what is the anchor is the diamond rough price... and that will/is changing. Once it does, well... up, and UP. ESPECIALLY if prospective buyers in US in particular start to look at LAB grown Diamonds as Pandora costume jewellery, that doesn't hold value.
Just bought some more shares in BOD, I see this as the bottom, it may bounce along here as the real Diamond price does... but soon we will see segmentation to LAB diamonds for costume jewellery and people wanting real diamonds again for the bigger purchases such as engagement rings. Especially in US. We can all buy a bottle of Scotch... but only those made in Scotland are truly Whisky. Same will happen here with Diamonds.
We will find, that as inflation is now starting to get under control, this year of elections will pass, an enlarged middle class will start to occur and naturally we will see a Bull market. From that a segmentation into LAB diamonds for costume jewellery (think Pandora) and 'REAL Diamonds' for the 'big occasions', and the under investment in mines will make our Portfolio, 'jump'. Also, as the market sweeps up shares and crypto's, then AI comes into real place... we will have a share that will be 'wanted', for the future potential multi-bag, it can be.
I have regular chats on Linkedin with JC. There is a lot of 'organising' going on, prospective Joint Ventures, chasing SA mining dept for the Water License... but mainly this is because of one thing... the Rough Diamond price. It has stalled, after the big drop, and everyone, especially those looking to mine afresh, are holding. No use in their minds spending money on getting diamonds to make only a little. Once that rough diamond price moves, and it will, there is a definite segmentation occurring between Lab and Real, then we go from tumbleweeds to a wave of RNS's. It's annoying, but we are tied directly to that Diamond Price.
I'm holding here, and do believe especially in James Campbell. The most simple correlation I have seen is the Rough Diamond price as a graph and our share price. Once the value of rough diamonds starts to rise (and it's hit bottom of that curve and looks to be about to turn up), then we will see a rise in SP. Around that time, it could be someone tries to buy us, but they'd need to convince so many LTH's that it would be worth it for us, and for most, well that is 2p+.In fact, for many really LTH's, 4p+. Patience...