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

strow - 4 Jan'06 - 18:34 - 8674 of 8676
anom-have you actually spoken again to kerry since you last did to confirm all these thoughts above re not producing enough etc kerry told me that they were very keen to get bulk samples processed and move on in finland with buddys help-so might well be that money from last diamond sale did not cover these immediate costs as geological survey of finland said before that they would only process samples if the money was in the epd account and kerry reckons they needed to get a shift on with this before the finnish winter set in ! BY THE WAY DO YOU SEE IT AS A GOOD BUYING OPPORTUNITY IF S/P DOES MOVE LOWER SHORT TERM IF MARKET REACTS NEGATIVELY TO THIS ??PRESUMABLY NO DOUBT IS BEING CAST ON THE PRESENCE OF THE DIAMONDS JUST ON THE PRODUCTION RATE ??

I haven't spoken to Kerry since I found out they were doing the placing before the diamond sales.

No - even though Kerry said that the money was for Finland, that's not the way that James Picton and I read it. Their costs in Lesotho have probably been as high but they have not been extracting as much because of the problems with the wet kimberlite.

What are you talking about - getting the woek done before the Finnish winter. It is very probably -20C out at Lahtojoki right now. When I was in Moscow at this time of the year, it was -25C. Lahtojoki will hit this temperature at the end of this month.

Yes I do think it will be an excellent buying opportunity if the price goes anywhere near 15p IMO. DYOR. However, this may cause problems for the share price to climb even when they do announce the good news. For an example of this look at BMG, BDI Diamonds have been hitting their production and financial targets and yet their share price has not climbed to 75p as it should have. This indicates to me that we might have a good few months before the market wakes up to the value in EPD - especially the value in Main pipe - being more valuable in my book than AK6 is to AFD.

One of the things I am hoping is that the market sees the data I've posted and revises their opinion of the placing. I'll be happy if the price doesn't move at all, but I expect a small drop to say 18p or 19p IMO.

If it goes to 15p - buy as much as you can, because you may never get another chance.

I am not licensed by the FSA and nobody should take any notice of my financial advice!!!!