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Topic: River Diamonds: Looking Cheap? (RVD)

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Eman
Platinum Contributor

Joined: 16-Aug-03
Location: United Kingdom
Posts: 500

Posted: 25-Apr-05 at 11:59 \| IP Logged

Hi all.

I don't own this stock but i can't help but notice the Market Cap has falled from Ł7.5 to Ł5 million over the past few months. Seems to be in eternal decline, but i am tempted to buy.

Anyone got any views on this company?

Here's a few links to info on the company.

http://www.riverdiamonds.co.uk/

http://www.resourceinvestor.com/pebble.asp?relid=7439

http://www.roughdiamondprices.com/pages/7/index.htm

http://www.unquoted.co.uk/forums/forumdisplay.php?forumid=99 (a wealth of info and all the company's history

.http://www.minesite.com/archives/news_archive/2004/july-200 4/riverdiamonds260704.htm

cimac
Bronze Contributor

Joined: 08-Feb-03
Location: United Kingdom
Posts: 185

Posted: 26-Apr-05 at 13:58 \| IP Logged

I am still a holder and believe the companies
efforts, in the areas covered by previous RNS,
will bear fruit by the AGM in May.

Anyone who has a genuine interest should phone
the company, imho.

cimac
Bronze Contributor

Joined: 08-Feb-03
Location: United Kingdom
Posts: 185

Posted: 28-Apr-05 at 06:26 \| IP Logged

Recent trading shows that buyers are coming
back into the market whilst sellers decline.

Also, recent sellers now get a premium to
the bid. A week or so back it was buyers
who got a discount to the offer.

Trend change underway perhaps.

cimac
Bronze Contributor

Joined: 08-Feb-03
Location: United Kingdom
Posts: 185

Posted: 30-Apr-05 at 06:16 \| IP Logged

PR company tells advfn poster that an update
on all operations is due shortly.

This is inline with my expectations, as I am
expecting some positive news ahead of the AGM.

Eman
Platinum Contributor

Joined: 16-Aug-03
Location: United Kingdom
Posts: 500

Posted: 05-May-05 at 10:31 \| IP Logged

thanks cimac.

cimac
Bronze Contributor

Joined: 08-Feb-03
Location: United Kingdom
Posts: 185

Posted: 05-May-05 at 13:01 \| IP Logged

A 21,075,000 share X trade went through
very late on 4th May at the 2p mid price.

Open to speculation at the moment as to who
would want that many. Stake builder or could
be a JV partner perhaps.

Eman
Platinum Contributor

Joined: 16-Aug-03
Location: United Kingdom
Posts: 500

Posted: 05-May-05 at 14:16 \| IP Logged

what % is that of the issued share captial?

cimac
Bronze Contributor

Joined: 08-Feb-03
Location: United Kingdom
Posts: 185

Posted: 07-May-05 at 08:14 \| IP Logged

I believe it's approx 7% but the website
is unavailable as I type so can't check
against issued and fully diluted shares.

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