AIM listing is happening next month.
Hoping DON will be a one bagger by the New Year or a little more.
I have been trading DON for a year now and thought I could not get back in after recent peak at 38 cents.
However, I filled yesterday at 33 cents. (Usually I buy at 31 and sell at 35+).
Good project. Great shareholders and financiers such as BNB and JP Morgan.
I think this current dip will be one of the last, if not the last.
ASX ANNOUNCEMENTS
AUSTRALIAN STOCK EXCHANGE 22 August 2007
J P MORGAN ACQUIRES 9.9% OF DIAMONEX AS LERALA
MINE APPROACHES PRODUCTION
• J P Morgan Asset Management becomes largest shareholder in DiamonEx
• AIM listing expected in mid-October 2007
• First production from Lerala diamond mine, Botswana, on track for early 2008
• WWW International Diamond Consultants to market Lerala production
ASX ANNOUNCEMENTS
AUSTRALIAN STOCK EXCHANGE 13 December 2006
DIAMONEX SECURES MAJOR FUNDING FOR
PROJECT IN BOTSWANA
Under the agreement Babcokk & Brown will invest A$2.5 million in a placement of DiamonEx shares at 24 cents per share and, subject to due diligence, other conditions precedent and DiamonEx shareholder approval, up to A$13 million in a four-year convertible loan facility.
Lerala is planned to produce 330,000 carats a year for 10 years based on current resources. With low capital and operating costs, Lerala is expected to have a net operating cashflow of US$100 million on revenue of US$230 million over the initial 10 year mine life at forecast diamond
prices.
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