Shares in Gem Diamonds surged 12.9 percent, building on Friday’s 20 percent gain, as investors react to a recovery in demand for rough diamonds with market conditions looking more positive. Desmond Kilalea, a diamond analyst at RBC Capital Markets, stated: They have just raised money and we know diamond prices are getting a bit better. [...]
Kopane Diamond Developments PLC has received notification that as at May 8 2009, Obtala Resources PLC. holds in aggregate 65,335,000 Kopane shares, representing 29.75 percent of the issued share capital. For full story, click here
Big Red Diamond Corporation reported that it is going to issue 1,500,000 common shares to AntOro Resources Inc. and has completed the acquisition of a 50% interest in two uranium properties in Quebec that AntOro Resources has under option. For full story, click here
Kopane Diamond Developments PLC reported that it was notified that shareholder Obtala Resources PLC holds 59.67 million shares in the company, or 27.17 percent of the issued share capital. For full story, click here
Minemakers this morning launched its offer of one of its shares for every ten Bonaparte shares, valuing the latter at circa $7 million. A few minutes earlier Bonaparte surrendered its diamond ambitions by ditching alluvial diamond mining operation off the Namibian coast. For full story, click here
Metex Resources Limited announced the issue of 40,000,000 shares at 40 cents per share and 55,000,000 shares at 20cents per share. For full story, click here
Dwyka Resources Limited announced that it has issued and allotted 39,745,500 shares pursuant to the Placing. For full story, click here
As economic turmoil spread around the globe in ‘08, the diamond industry lost some of its brilliance. The industry was doing well until about September, then diamond prices and sales went on a steep descent. Diamond prices are down about one-third since their high last August
The day after Thanksgiving has long been known as “Black Friday”, a moniker that denotes the fact that it is on that day that retailers go from being in the red, to the black. Many stores open as early as 4 am, coaxing shoppers through their doors with ‘once a year’ sales.
JSE-listed mineral resources company Miranda Mineral said that it had issued shares for cash, to the value of R17,2-million, to the black empowered Yakani group For full story, click here
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