Member Info for Pecten11

Morning Troajan.
Saw your reply at the weekend - couldnt resist having a little pop - an alternative point of view is fine, but when it only ever chooses to see the negative, then the agenda is clear.

Anyway, yes I biased (as I'm a holder) but both chart pattern and news flow are looking good on BOD

Post 2

Q - Finally, and I appreciate the most amorphous question, could I ask what would success at Thorny River look like to you?
A - Good question on Thorny River. Success would like a kimberlite body sufficiently large enough to mine. The grade and diamond value are good, it’s all about size. The drilling at the end of last year and the current drilling programme are both aimed at defining the size of the kimberlite.
Q - Fantastic confirmation re the grade and value of what has so far been found at Thorny River - a cheeky follow up from a (seriously) non-expert - what size would the stones have to be averaging for interest to be maintained? 0.5 carat?
A - On the size, we already have $60-140/ton in the ground (see slide 9) so it is all about how large the kimberlite is. Marsfontein was only 0.4 Ha but had a payback of 3.5 days so we are not looking for something very large.

Post 1
Hi all, some of you may have already known these answers, but some clarification at least. JC happy for me to share

Q - Would you please be able to advise me on where Botswana Diamonds stands re the Vutomi Optiona and Earn- In Agreement as the website states that the company currently owns 15% of Vutomi, though I thought the commitments to Phase 2 had been satisfied.
A - You are correct on the commitments to Vutomi being met and as per the RNS, BOD owns 40% of Vutomi

Q- Would it also be correct to say that in relation to the contract with Palaeo Minerals Pty, that the highest possible upside attributable to Botswana Diamonds of the current drilling programme at Thorny River and any associated discovery (if made) of a commercial diamond project would be 70% (of Vutomi) of 20% remaining from the deal with Palaeo?
A - On the mining agreement, Palaeo are no longer involved but upside is in the larger, better quality stones also as per the RNS.

Q - So would it be accurate to say that all the current (and previous since Sept 2019) drilling costs at Thorny River are being met by EDC?
A - The Marsfontein mining permit project is where we have a royalty agreement with EDC and they cover all the costs. On Thorny River, which is an adjacent exploration project, BOD owns 40% and thus contributes 40% to the drilling and other exploration costs.

Q - I understand that RC drilling is both quicker and cheaper than diamond core drilling - would core be considered in the future to potentially narrow down drill results to help compile a resource statement or will the previous 1m sample spreads from the RC provide adequate information?
A - We would in all likelihood follow this RC programme with core drilling to firm-up on the geology

Q - Also is there an indicative timescale with regards to when Diamextrat/Burgundy Diamond Mines may commence exploration activities within the Botswana licenses. I appreciate that the pandemic may sadly be making such decisions challenging to commit to?
A - On the Burgundy/DESB deal, they have 6-months from the date of signing the deal to present a plan. We are already discussing this so there will be no surprises once it is presented. We hope to start field work very soon after agreeing a plan

Q - When do you expect the significant shareholder list to be updated, as it is now 6 months old and there has been a share placing since it was last published?
A - I will ensure the website is suitably updated on both the Vutomi agreement and significant shareholder list

James Cameron? Does the video have lots of sparkly special effects.......

TbTT - do you have any idea of how much a capital reorganisation costs to arrange?

Caselogic, to be fair, you are exactly right.
This had to happen at some point from the POV of the business - which I totally agree isn't necessarily the same as that of shareholders.
The bit that I'm most annoyed about though, is if your going to announce a capital reorganisation then include the details of the previously suggested company re-structure at the same time, at least then suggesting a forward plan

Rob- that particular saloon has long since collapsed.

You trying, yet again, to suggest you have inside information?

Tiger, yes that would be my reading of Phase 3 of the Vutomi JV. No timescale is mentioned, so the cash cost and shares would only be distributed if/when BOD are convinced by the drilling / sampling results. Ironically for AIM, it would probably involve a placing that would actually be appreciated by shareholders!!

Tiger, BODs current share of the Vutomi JV is definitely 40% - confirmed by JC

coordinated- apologies, should read co-ordinates

The coordinated were appreciated

The misleading at best, rainfall data, not so

You get somewhat sensitive when proven wrong don't you - based on the style of your posts, I wouldn't have thought you quite so insecure

Echo, as it was a delayed transaction, it could have been a buy or a sell - either way, it's in the price now

Gug - is that an apology?
For your mistake, or are you just sorry that it was spotted?

So do you accept Trojans figures - in other words that the RNS was accurate?

Has anyone got the coordinates for La Parillla?
A Google earth search with images over time would be interesting re the excess rainfall and the subsequent better weather?

Weathergeek, I know your post said hypothetical sales data, but suggested ZOE make $10 profit on a $22 dollar pack of smoked sold via a distributor is er, how shall I put it - fantasy economics
By all means project away, but try using something more realistic.
You can make the numbers look big, but it doesn't make them look clever

Interesting thought, if this new, potentially larger is, as described, immediately to the east of the River Pipe, could they both have a common source or larger pipe that feeds both blows?
Either way, if successful drilling, the chances of commercialty (if that's a word!) increase with a larger resource in discrete area

I never sell at a loss, have patients .. (patience)

Have patients - or perhaps is one?

Second stage six-hole drilling campaign at Thorny River

Botswana Diamonds, the AIM and BSE listed diamond explorer, advises that a further drilling programme on its Thorny River diamond prospect in the Limpopo Province of South Africa will begin Monday, 19 April 2021.

Following the discovery of the River kimberlite pipe including 11 diamonds, the Company upgraded the potential of the property. An area with a similar geological and geophysical footprint immediately to the east of the River Pipe was identified. Analysis suggests potential for a larger kimberlite body than already identified.

Following completion of earth works during the course of this week a six-hole reverse circulation programme will start on Monday,19 April 2021. The programme is expected to take two weeks with the results announced shortly thereafter.

,so theres the drilling RNS I was asking for
Interesting- new, potentially larger target - and that is based on better geological understanding after the first kimberlite discovery.
I obviously over interpreted the use of 'core' to suggest diamond drilling, but on a new target RC makes sense, quicker and far cheaper
Good safe hunting guys

ron123 'you still choose to treat our warnings with ridicule

Our warnings - so as account is 8 days old, when did you become part of a group giving warnings?
either a previous account (banned possibly) or admission of being part of a tag team working in concert?