Gameon17 Oct 2012 23:46
Very true one step at a time, but looking at the trading volumes, which are huge, couple that with the fact that we are trading at a mssive discount with clearly a world class asset then yes very optimistic.
I sold KDD a couple of years back for 17p. Fdi purchased and at that time that there was a better deal out there. The economy was however in the middle of a financial crisis at I think a deal was rushed through. Two years on and we are 2 weeks away from the nnouncement of the defnitive feasability study being disclosed.....well it is clear what the survey will disclose.....Liqabong, Lesotho is a world class Kimberlite mine.
The most recent finds will support upper end estimates and if they can extract withought damaging the larger bonanza stones then some real revenue will start being generated!
In terms of a "potential takeover" well the price is 5p today. It was 17p 2 years ago. Firestone were trading circa 30p wth BK11 as its crown jewel. Add that together we get 47p......this was in a depressed market, but we have been mining and extracting since July 2011 I believe, so you see where I get my figures from.
50p equtes to £250 million for the entire operation including Botswana. Botswana in my opinion should be farmed out or sold off by the Firestone Board......the jewel in the crown is Liqabong and the market is waking upto this fact.