EPD, could this go to 40p per share?

* diamond producer, forecast production 290K carat/yr, 5 years on satellite

* raised £9.4m from equity issues, last funding £1.15m @ 23p

* mine built within $10m budget

* repaid short term loan £1.8m, now debt free

* strengthened management by appointing non-exec Buddy Doyle

* mcap £10.36m (@19p)

* A.J. Williams 3,033,985 shares (buys 200K @ 65p Dec'03, 375K @ 40p Sep'04)