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European Diamonds (AIM: EPD) rose 19% this morning after stating that it had confirmed a significant diamond resource in the first 45 meters of the Main Pipe Kimberlite in Lesotho. European Diamonds added that the first 45 meters contained
Three billion years of history in one paragraph! But what of the future? The key point here is that there most industry players are expecting supply shortages. On the one hand demand is continuing to grow steadily, driven by demand from the
So are the delays and dilution a thing of the past? It looks like a fair assumption. The share price has recovered ground since its all time low in November, as canny investors begin to see the long term prospects masked by all the delays.
EUROPEAN DIAMONDS (AIM: EPD) updated investors this morning on operations at its Lesotho diamond mine. The company said that it had received a mining licence which extends from the current Satellite Pipe to cover the larger, 9 hectare Main
Gemfields Resources (AIM: GEM) the Zambian focused gemstone mining group said that it had sold its second parcel of emeralds for US£1.028 million. The parcel contained 385,035 carats of emeralds and the price per carat value was US$2.
Subject to shareholder approval, Petra Diamonds (AIM: PDL) and Xceldiam (AIM: XLD) today announced that they had entered into a agreement whereby Petra will essentially acquire Xclediam's assets for shares. Petra Diamonds and Xceldiam a
The principal founder of the company is Rajiv Gupta who heralds from Jaipur in India which is a significant cutting and polishing centre for gemstones and one of the largest trading centres in the world for emeralds.
EPD have also just announced another small fundraising, but more interestingly, the company has managed to get RAB capital on board. Some members of the investment community bemoan RAB and their investment style, but we think it?s a bit odd
So far, so good for Firestone Diamonds (AIM: FDI) and its latest exploration program. Firestone recently acquired the rights to explore the Tsabong Kimberlite field in southern Botswana, and since initiating exploration in November 2006, ha
While Groen River has hit a snag, and the Botswana licences are only starting to gather pace, Firestone has been tidying up its historical projects in South Africa and snapping up exploration rights over another big play, the Tsabong Kimber
The new strategy, which is being developed, intends the more traditional approach of proving up decades of mine life and maintaining a steady, consistent head grade by blending both higher and lower grades. This strategy also aims to introd
Unfortunately a further fund-raising announced last week, although well-flagged by broker Canaccord Adams in its notes of 11 April and 26 June, has hurt the price still further, and it?s now just 15p to buy, on negligible trading volume. &p
