Member Info for jscapper

"Botswana Diamonds agrees on development of concessions in the Marange Diamond Fields of Zimbabwe with Vast Resources plc
Botswana Diamonds, ('BOD') the AIM and BSE listed explorer, is pleased to announce that it has concluded an agreement with Vast Resources plc ('Vast') the AIM-listed mining and resource development company, for the development of their concessions in the prolific Marange Diamond Fields ('MDF') of eastern Zimbabwe. A separate agreement will cover the joint development of diamond properties outside of the MDF, which will be a straightforward 50/50 joint venture, though the initial focus of our joint work is on the MDF.
As previously announced, Vast has exclusive access to key diamond concessions (the 'Heritage Concession') in the MDF of the Chiadzwa region of eastern Zimbabwe, through an agreement with a community organisation. BOD will perform due diligence on the area to conclude a joint venture agreement for diamond exploration, mining and marketing. The 15km² Heritage Concession neighbours Vast's historic MDF claim, and seems to be a geological extension of that system.

To develop diamond properties in Zimbabwe, BOD and Vast signed a MoU in May 2018, which has matured into an agreement on the MDF, including:"

https://uk.advfn.com/stock-market/london/vast-resources-VAST/share-news/Vast-Resources-plc-Zimbabwe-Operations-Update/83305112

I see those impatient souls have just been milked again.

"Aside from the Klipspringer (kimberlite dyke) mine, the most economic zones have been the blows, being the Sugarbird, Kudu and the Marsfontein mine. The purpose of the current exploration programme is to find more of these blows at Marsfontein."
From the results so far it would seem that the dyke system is extensive in this area and it is inconceivable that M1 was the only blow. Patience is needed for big rewards with this one. These levels of sp could be microscopic when a new pipe is found.

From what I understand a kimberlite dyke system has its source in a kimberlite pipe. The further the dyke runs from its source the narrower it gets. Could we be near to the source with this latest drill? 5Meters thick is a very large dyke in historic terms.

Ouch. 0.78p that's a bit of a premium to pay.

Last ones at 0.70p just been snapped up. Think I said before that a placing in BOD never really results in a drop in price. Those who were hoping for this are always disappointed.

Hands up those who do not understand how a junior explorer gets its money. This is not a surprise as we all know. Interesting to see the majority of trades today are buys and those waiting for a fall on the funding will now have to pay 0.70p which is a premium on Fridays cost.
We are at an interesting stage in BOD's growth. Once we get back to some normality exciting times ahead.

Latest tweet shows that there is a lot to Thorny River than a first glance has shown. Looking forward to many positive updates.

@BotswanaDiamond MD @JAHC1 ground truthing anomalies on the company's Thorny River project in South Africa. #diamonds #exploration #southafrica

And if news comes before a fund raise you will be stuffed for want of a better phrase. With the news possibilities in the pipeline and the share price at a very low point I would not hesitate to top up now if fund were at hand. What is the gamble a 10% drop for a couple of minuets
On morning of raise or the chance of 1p on news. Remember this is a very illiquid share and trying to buy on a drop is almost impossible unless you place an order and let it run.

Always a good sign to see shares from the weak being snapped up at a bargain price.

I am NT for any amount now.

This share is one to keep on adding to at the lows. Now seems to be one of those occasions.
"just need the M8 bulk sampling". Though we have had this. Am I missing something?

I cannot for the life of me see these reductions in SP after a raise. In fact the small day drop of around 5% is a meaning less statistic when you look at the large % increase seen within the weeks later. For example on the day of the last raise our sp was 0.625p. Two weeks later it was 0.95p and only the blessed few could trade this share on the up. When this moves it moves fast and most are locked out.
23rd August raise sp 0.575 . Two weeks later 0.65. Four weeks later 0.825. Again buying in was a nightmare from what I can remember.
If I was looking to buy in for an initial stake now must be a good time as the diamond market is suppressed due to the virus. Maybe hold back a few quid to topup on any short-term pullback. However do not buying if you want an instant return. This is not the share for that.

Today's podcast. Well worth a listen.

https://twitter.com/Blytheweigh/status/1285486178301620224

KX36-rediscovering the diamond exploration potential of the central Kalahari in Botswana

http://www.scielo.org.za/scielo.php?script=sci_arttext&pid=S2225-62532013000700005

Looks like a nice bit of kit comes with the deal.

https://twitter.com/BotswanaDiamond/status/1285100259383926784/photo/1

Interesting that the twitter feed is concentrating on the acquisition of the database as being the gem in this purchase.

https://twitter.com/BotswanaDiamond/status/1285121910184071170

Yes, it is a very sad situation for Petra. A company which overstretched itself and is now suffering. We have picked up a very cheap asset which even after extra proving up should be worth multiples of the cost.

Great News-
I have an order in but having to wait in a Queue.