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EPD could this go to £40 per share ?????

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wdurham - Thu, 22 Dec 05 :

"Dont want to sound deramping but it seems it will go further down and as i see it, 10p is not far away( i give it 3 months.)"

What utter rubbish.

In order for that to happen, one has to assume that EPD are not actually mining at all, in spite of what they have said, and will sell no diamonds during the next three months.

However, for this to be the case, the company would have to be revealed as a complete con and the management to be a bunch of liars. It would have to be revealed that no mining had actually taken place, no diamonds were in stock for sale and the whole project was a no-go.

I do not believe that to be the case. I fully anticipate that EPD will sell a comfortable package of diamonds during January or early February, and believe that they are now mining to at least a percentage of their target output. Target capacity of 290,000 carats pa would be achieved "by the end of the year" they said - so take that forward to at least mid-Feb (such being the average timescale slippage with miners!) but no matter how you look at it - unless they are lying in their teeth - then mining is in progress and diamonds are being recovered.

So unless Pro_Better has researched the stock very carefully, and is in a position to know that nothing is going on at all in the way of diamond production in Lesotho, then his comments are best completely ignored.

As Nig has said, Rubstone has just a tad more credibility than your average troll.


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