KIM kimberley diamond company nl.

re: more news for the diamond i think that i have lost track of...

  1. 29,668 Posts.
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    re: more news for the diamond i think that i have lost track of this one. i am interested from the viewpoint, that i took up a placement, and was a sub underwriter, donkey years ago. mind you, i did very well out of it. never the less, just a quick look at the cash flow statements, and i notice that sales revenue, seems to reasonably match production, and administration expenses. however, the demands of cash needed for exploration, and development seem to come from elsewhere. i have not looked at the balance sheet, but there must also be some loans, which will need to be repaid. making announcments of diamond sales is great, but if it only meets production and admin costs, then it does not really excite me. i seem to recall that mjn, was big on making announcment about big diamonds etc etc - but cash flow was not there

    just my 2c worth, and if someone who knows more about the stock, then i am all ears
 
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Currently unlisted public company.

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