Member Info for jscapper

A really interesting update and insight into the plans for KV1,2,3 and even 5. KV1 has little data apart from a few drills with limited coverage. The profile of KV1 is better than KV2. Linked with this is the better than expected ctht seen from the first blasts. This could mean an under estimation of the grades to be found. Good to see a large stone recovered from this top diluted kimberlite.
KV£ limited data but they have taken some top layer and found 2.5 ctht with the courses of the stones even better and the size larger. They will be mining this but no physical work for at least 12 months.

Worth a listen full of insight into the plan forward. MH seems to know what he is about.

The inferred grade is for the whole pipe. Not the diluted top scrapings which has been mined. Think the said they were hoping for 50% of inferred grade (3.25ctht) in this top section if it was to be inline with he same material in KV2. However 4.5 ctht was certainly well above projected and boads well for the pure kimberlite which they are now about to process.

"Used up there stock of material". Do not understand that comment. They are opening up both pipes and have only mined 5% of the ore. I am sure they can find a bit more material to process from the remaining 90 meters in depth.
As for the sp. This is usually an illiquid stock due to limited trading. I presume there was a queue of people wanting to sell at the first opportunity. However, what we see in red and blue is not the real sell data. As usual trades wre shown as sell incorectly. I bought in 2 lotts today both my purchases showed up as sells as I bought below the mid.

So at this level and after the News I have increased my stake in this share. Some may say "stupid". I would rather look at it as an investment which has a new management team who deserve a chance.
As we say. Only time will tell.

$350,000 from the diluted first ore. Expect to see some more 10ct+ stones from KV1

0.278 to buy

Buys showing up as sells. How unusual!

That is really interesting and excellent news. Shows that the mistake was made with the initial focus being set on KV2. Never understood that. poor initial management team.

That is an interesting point about the equipment. As posted before, after the RNS, which reiterated the problems with the equipment and holding back anticipated and wished for throughput. I expected a large need for cash injection to replace or major overhaul. However, in the same note we were advised of a new Director who had working knowledge of diamond mining.

All I can now presume is that MH has looked at the problems with the equipment and has found these to be easily overcome. Maybe the problem was getting enough ore to the equipment. We all know that the stock pile for the rainy season has not happened. If you blast and move this should not be a problem. Hence the "opening up" of K1 and K2.

I somehow have a little more faith in the evaluation of a mining professional rather than the suits we have had in charge.
Anyway only time will tell.

Well said WEC. Some people who have sold out long ago, at a large loss, seem to be attracted back ready to slag off the share, and in so doing, belittle the long term holders as being stupid for still investing money in a lost cause.

people around today. If you have sold at a loss that is your prerogative. However, only really sad people stick around to try and trash the company. Pathetic really. Move on and leave the real investors to back the company.

You obviously do not understand the value of a company is the Market Cap not the share price.

They are the same people just different usernames.

is the Buy price at the moment.

Floatation M/Cap £2.2M
Todays M/Cap £0.6M

99% Loss in value.
Need to go back to school on that one I think

Bought another Million today.

Can Buy below placing price today. May hold off for my topup to see whether this drifts a little more.

0.3015 to buy at the moment. Not many takers yet.

Down trend for 2 years. Can see 10p soon.

Bitter and twisted comes to mind.

"Today the Company has posted a notice to shareholders of a forthcoming General Meeting setting out proposals for a capital reorganisation. The Board is proposing to reduce the nominal value of the ordinary shares in issue from 1 pence to 0.01 pence whilst retaining the same number of shares, thus having no direct impact on the trading price of the Company's new ordinary shares."

To do this the old shares are cancelled and NEW ones admitted. Doh

Probably to do with the cancellation of shares and the new ones being admitted.