River Diamonds is a Gem

I find the report a little disappointing. There's nothing new about Panguma - still very much jam tomorrow.

But the most disappointing to me was:-

"River Diamond’s other area of activity is in Brazil where it has joint venture with Rio Tinto. This operation is run by Frank Gaunt, a local man, and is essentially a blue sky project aimed at identifying prospective areas. The exploration expenditure here is a modest US$25,000 a month and, as yet, there is little to report. So, for the time being, River Diamond’s future lies with the Panguma region of Sierra Leone. "

The presentation is of course several months old now.

The only place for optimism is in the recently announced director buying, oh and the nearing completion of the bankable feasibility study. February they say. Well given their past record I'll expect to hear something in May.

Think I'll wait a while to top up.