Member Info for NasarSaddique

Talking Sense, where did you get this info from?

Regulatory Story
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RNS Botswana Diamonds PLC - BOD
Marsfontein Mining Permit Granted
Released 07:00 28-Oct-2019

RNS Number : 2264R
Botswana Diamonds PLC
28 October 2019

28 October 2019



Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")



Marsfontein Mining Permit Granted





Botswana Diamonds ("BOD"), the AIM and BSE listed diamond explorer, is pleased to report that a Mining Permit covering the diamond bearing gravels and residual unprocessed stockpiles surrounding the iconic Marsfontein Mine has been granted to its associate Vutomi Mining Pty Ltd ('Vutomi').



As previously announced, Vutomi (BOD interest 40%) has partnered with Eurafrican Diamond Corporation ('EDC') to mine and process the identified deposits on both Marsfontein and Thorny River. EDC has commenced with site establishment and commissioning is expected to commence within the next two weeks with production ramping-up once commissioning is complete. Cash flows from Marsfontein will be used to fund ongoing exploration work in Botswana and South Africa.



John Teeling, Chairman, said: "I am delighted that the Marsfontein Mining Permit has been granted and that site establishment has already commenced. I look forward to updating shareholders as the company progresses towards being a diamond producer."



The Marsfontein mine, which comprises a kimberlite blow, was operated for two years in the late 1990's with a pay-back of its entire development cost in less than four days. Marsfontein's run of mine grade was 172cpht (at a bottom cut off of +1.2mm), and its assortment was known to contain fancy coloured diamonds. Evaluation work on the gravels and residual stockpiles adjacent to and surrounding the mine, conducted at the time of mining, indicated them to be diamondiferous with favourable economics. These deposits were overlooked when the mine was closed.









This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Fellow of the Southern African Institute of Mining and Metallurgy, a Fellow of the Institute of Materials, Metals and Mining (UK) and with over 33-years'

Could possibly be so the new NED could look over the interims before they were published

https://edenville-energy.com/mine-screen-wash/

Copied from ADVFN post by Fishyneck:

Read the RNS then have another read through it. Am I optimistic, yes!
So much has been achieved, and with minimum of fuss. They’ve drilled dry holes, cased them, fitted wellheads, installed antennas, fire up up the generators, started the heating up process. All on or slightly ahead of schedule. They have played a blinder so far. Now they need to slowly increase the temperature and monitor until oil flows.
There could still be “unknowns” but many of the potential problematic aspects of the test have now been ticked off.
Hopefully we will soon have some site photos to give everyone an idea of what is going on....
Fn

Copied from ADVFN post by Fishyneck:

Read the RNS then have another read through it. Am I optimistic, yes!
So much has been achieved, and with minimum of fuss. They’ve drilled dry holes, cased them, fitted wellheads, installed antennas, fire up up the generators, started the heating up process. All on or slightly ahead of schedule. They have played a blinder so far. Now they need to slowly increase the temperature and monitor until oil flows.
There could still be “unknowns” but many of the potential problematic aspects of the test have now been ticked off.
Hopefully we will soon have some site photos to give everyone an idea of what is going on....
Fn

Aerial, you mentioned 12th August last week, what are you expecting to happen?

Real question is who bought them, the 25 million from yesterday was a buy not a sell.

What took them so long to notify the market? 6 weeks since they crossed a threshold, unless it's a typo.

I questioned this same issue a couple of days ago, regarding similar tiny trades, was told that they were mm trades balancing their books. Not sure it it's true but these tiny trades are keeping the SP down.

What is up with that? Buying or selling a couple of pounds worth?

The water system and the pre-screen have both been sorted now, so we will see the improvement in the output.

SP's too wide, looks like MM's don't want to trade

Couple of nice chunky buys, sellers "back" off and this could double in no time.

It will follow up too, nice and steady

Another 1000000 bought

Did someone just buy 1 shares?

Good Morning All and welcome to the start of a lovely week, let's hope it's a really good one.

Just means there are no 12 million shares available to pick up at this cheap price

More chat going on here and there's me nearly on my own on advfn chatting away. Someone join me over there too, help keep us noticed on more than one board.