It looks like Diamonex will live on, though existing holders will be heavily diluted.
Not a great outcome, but better than going in receivership.
ASX Announcement: http://stocknessmonster.com/news-item?S=DON&E=ASX&N=214412
On the positive side rough diamond prices have recovered, and the world is running out of diamond mines. See article below.
SMH: Diamonds aren't forever, the pipes are running dry.
http://www.smh.com.au/business/diamonds-arent-forever-the-pipes-are-running-dry-20090923-g2sp.html
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