quarterly summary

Hi all, posted this elsewhere - thought I would share here also...

I was very happy with the DON quarterly today. Like most have been holding with baited breathe and wondering when we would get the news we were waiting for regarding the commissioning of Lerala, and here we have it, as well as a few other gems of information.

Key points in the quarterly:

* Lerala is in final stages of completion and commissioning underway.
* Full scale production to commence in June with first sales in July.
* Generators installed on site to mitigate the SA power shortage problem.
* Additional prospect licenses lodged in Botswana and drilling for 19 further targets planned.
* And forward movement in submission of permits for bulk sampling of the Sloan kimberlites in the US.

Personally pleased to see positive forward movement on all of these areas as well as additions to the management team as DON becomes a producer as well as upscaling its Botswana exploration and extending into the US.

Still somewhat put off by the sellers at 28c, but think we should chomp through those soon enough as we get closer to confirming production in June and first sales shortly after. Afterall world demand for rough diamonds still very undersupplied, and DON is still very tightly held with the Top 20 holding 65% of its 96 million shares on issue.

I checked out the DON website again today (seems its had alot of work done on it and heaps of good information). There are a number of new analysts reports there from the last few weeks... worth a read as they rate DON a buy at present as it moves to producer.

Here's the link...
http://www.diamonex.com.au/irm/content/inv...ystreports.html

Personally, happy to see we are on track with no further delays anticipated.

To coin a well worn phrase... Is DON is GOOD!

Good luck all Donna