On the diamond front, I think UKD is on the pulse.
I'm particularly interested in UKD's Moonlight Valley which is situated between the Argyle and Ellendale 9 pipes.
UKD plans to drill selected targets in the current field season and if positive gravity reading results are confirmed then UKD may very well have discovered a very promising kimberlite pipe.
Still early days yet but imo the bauxite and diamonds are a bonus to their recently acquired iron ore leases.
Just looking at the top 20 shareholders, it is interesting to note that 7 have increased their holding since 26/6/06. In particular, Craig Rosendorff has increased his holdings from .85% to 2.97%. Now there may be a connection here with the diamonds.
UKD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
