LOM 1.41% 7.0¢ lucapa diamond company limited

MK managed to get Kimberley Diamonds (KIM) up and running in the...

  1. 216 Posts.
    MK managed to get Kimberley Diamonds (KIM) up and running in the 1990's the background to that is interesting in itself... the details can be gleaned form a google search. Kimberley got taken over by Gem Diamonds in 2007 for 70c per share - $300m for the mine. At the time, from the HC posts, there was a belief the SP had been manipulated down to a low ball offer by GEM or related parties, and a lot of the smaller holders felt ripped off as the SP had been a bit higher than 70c earlier. Ellendale is up for sale again and it looks as if Gem didn't make as much a go of it as they were expecting.
    http://au.news.yahoo.com/thewest/business/a/-/wa/12258486/ellendale-sale-not-only-option/
 
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