Turnaround

long again 15, on the basis of:

diamond sale news yesterday useful short-term, and useful longer-term too in its possible impact on Main Pipe valuation and feasibility (FS expected early-07);

15nov: finals: OK, now a producer not just explorer, and nice to see it had paid off all short term debt;

23nov: La Hougue FinancialManagement disclosed over 3%, follwing upturn in price;

21dec: Phil Kenny (CEO of Firestone Diamonds) interview with Reuters headed "Diamond prices set to rise in 2007" with explanation for a bit of slackness seen in 2006);

end-dec: expect all necessary plant upgrades to the existing Satellite Pipe
recovery plant to be completed - whence the rated 60 tonnes/hour capacity will be achieved;

the Finland exploration work is still in-play, but EPD is wisely concentrating on Lesotho (Satellite and Main Pipes) for now - to increase cash generation;

the first mine (Satellite Pipe) could be generating 40% of EPD's mkt.cap p.a.




chart from 15nov06 (before the important up-break from under 6month falling R): showing levels; 19p (maybe 20p) = next one to the upside