African Diamonds - The Stock of 2004

No axes to grind on my side. I am not interested in events of the past. It is the future which I head for. Read Annual Report, reviewed information on Botswana projects over the past years and correlated. Merely asking which AK19 information as presented in the Annual Report or in the October RNS is correct, questioning why not all the AK8 data reported in the past was recorded in the Annual Report and raising concerns about the results of AK6. If you as shareholder is happy with different sets of results, good for you. If you believe that US$138/carat at 25 cpht for AK6 is correct, go for it. Do your own research and draw your own conclusions. My interpretation of the AK6 results is different and it raises a concern for me. If you do not like my interpretation, ignore it. I would love AK6 to be 30cpht at US$200/carat, but right now, taking the actual results reported and not modelled results, I see no evidence for a grade more than 18.561 cpht and a value greater than US$81.51/carat. According to the RNS of 22 December 2004 the value for the AK6 diamonds may be as low as US$38/carat. At that value the project is unlikely to go ahead, which would notbe in my or any shareholders interest. Deramping, disagree, merely looking at the actual results. Not ramping, yes.