The Diamond Thread

Namakwa Diamond Company:

Look out for:

1.next announcement of production. I expect a figure of well over 3000 carats to be announced soon. They are now mining, following bulk sampling of over 60,000 tonnes to establish a resource. They expect to produce at a rate of over 90,000 cpa.

2.an announcement of a venture with De Beers to mine a property just north of Namakwa's properties.

3.results from first sampling of the beach strip belonging to Trans Hex(NDC 80%, Trans Hex 20% of proceeds).

4.possible announcement of jv with BHPB in Angola.

5.an announcement re further exploration of their original property.... The fully explored part currently being mined represents only 3% of their property.

NDC's share price has not been performing well recently. This may be because of the high rand or Australian avoidance of companies operating in SA or through association with Kimberly Mining which upset the market with apparently conflicting sets of figures recently...the two companies have several directors in common...or for some company specific reason that I am not aware of, or for no adequate reason at all. Worth checking the company out if looking for possibly undervalued diamond stocks.