African Diamonds PLC
23 January 2004

AFRICAN DIAMONDS plc

Contacts:

John Teeling, Chairman Tel: +353 87 2581178

Jim Finn, Director Tel: +353 86 2581178

Redleaf Communications

Nick Lambert Tel: +44 (0) 7811 358 764

www.afdiamonds.com
23rd January 2004

AGM STATEMENT AND TRADING UPDATE

The following highlights will be announced by the Chairman of African Diamonds
plc, John Teeling, at the company's Annual General Meeting, which is due to be
held at 12.30 pm today.

Production

African Diamonds will be producing gem quality diamonds within 8 weeks.

The 240 ton a day pilot mining plant on Pipe 3 in Koidu, Sierra Leone will
be operational in March. Initially we will process 10,000 tons to establish
the grades.

We have high hopes for this plant. The new DiamondWorks mine on Pipes 1
and 2, three kilometres away, is reporting outstanding grades of 67 carats
per hundred tons, as well as finding 25 plus carat stones. Koidu produces
some of the highest quality diamonds in the world. Pipe 3 has every chance
of becoming a high grade commercial mine.

At Kolo, in Lesotho, production will commence on our 55% owned joint
venture, in the 2nd quarter of this year. Initially a total of 30,000 tons
will be mined, from which we expect to recover 5,000 carats including some
large stones. This too is expected to continue into full commercial
production.

Drilling results

We are getting spectacular results from our kimberlite dyke mapping
and sampling programme in Sierra Leone. So far we have mapped 11.5 kilometres of
dykes averaging 1 metre wide. Early stage analysis suggests grades of 1 carat
per cubic metre. Our neighbour, Mano River Resources is finding similar results
on an adjacent licence. If confirmed we have the potential for a mine of high
quality.

In March we will report detailed results from our drilling programme
on 5 kimberlites on our Orapa Licence. We already reported the discovery of two
high quality diamonds from pipe BK10. More will emerge from the detailed
analysis. Expectations at this time are to move to trial mining on BK10.

The search for the lost Orapa alluvial diamonds continues. The 42 holes drilled
in Serowe Botswana are being analysed. We know that we have found river
channels. We are now looking for Orapa gravels and diamond indicators in the
channels. Follow up work will continue during the year to look for Plunge Pools,
which may hold large, gem quality stones. This project has the potential to be a
company maker.

An extensive sampling programme is underway on our three Guinea alluvial
licences. By midyear we will have a resource estimate on the Bomboko and Seria
licences. We have already recovered diamonds from this area.

Corporate

We are at an advanced stage in negotiating an exploration joint
venture on certain of our properties. I hope to make an announcement shortly.

We are also at an early stage in discussing possible joint activities
with a diamond-mining partner.

The funds we received last year will last until June. We have been
offered funding for our on going work but we are reluctant to issue shares at
present prices given the expected flow of good news.

Conclusion

We have had a very good first year as a listed company. It is difficult to
rank the prospectivity and value of our various properties but the
spectacular grades being obtained around us in Sierra Leone offer massive
upside.

We are very well placed with an excellent portfolio and growing interest
in our company.

African Diamonds is a diamond exploration company traded on the AIM market.
Ticker symbol (AFD)

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African Diamonds PLC
26 January 2004

Further to the announcement made earlier today, African Diamonds plc announces
that it is planning to seek a secondary listing of its ordinary shares on the
Botswana Stock Exchange. The Company is currently in discussions with the
Botswana Stock Exchange and expects that admission of the ordinary shares will
take place and dealings will commence on or around 17 February 2004.


This information is provided by RNS
The company news service from the London Stock Exchange


Risen nicely on opening this morning

African Diamonds PLC
04 February 2004



Further Orapa Drilling Results

Diamonds found on new Pipe

African Diamonds is pleased to announce the recovery of 2 diamonds from drill
samples of the Orapa AK9 kimberlite in Central Botswana. The recovery of
diamonds from AK9 at this preliminary stage of processing is significant as
there is no record of diamonds being recovered from this kimberlite. This
follows the findings of two gem quality diamonds from similar samples of
kimberlite BK10 in December 2003.

AK9 is a two-hectare kimberlite located 15 kilometres to the south east of the
main Orapa AK1 kimberlite, currently producing 15 million carats a year and is
one of 21 kimberlites known to occur within African Diamonds prospecting licence
number 4/2002.

Four of these kimberlites, BK16, AK8, AK9 and AK12 were drilled in October of
2003 and are currently being analysed. This material is being pre-concentrated
in the field using a small jig plant in preparation for transport to an X-ray
facility in South Africa for final Diamond recovery.

The details of these diamonds are:

Hole No Depth Diamonds

AK9/H4 20 - 40 metres 0.46 carats grey industrial
AK9/H4 80 - 100 Metres 0.07 carats white gem

The recovery of the 0.46-carat diamond from the 1 cubic metre sample comprising
the 20 - 40 metre depth interval, equates to a grade of 19 cpht., which if
maintained would be commercial. Processing is continuing and the final results
of this exercise are likely to be available by the end of March.

John Teeling, Chairman of African Diamonds Plc said, 'This discovery is an
unexpected bonus. AK9 is a large pipe with no known history of diamonds. We have
now proven it to be diamondiferous. We are very confident that the X-ray
analysis will find more diamonds on AK8 and on BK10'.


Contacts:

African Diamonds Plc
John Teeling Tel: +353 87 2581178
Leon Daniels Tel: +267 24 40252

Rowan Dartington
Ian Rice Tel: +44 (0)117 933 0020

Redleaf Communications
Nick Lambert Tel: +44 (0)7811 358764

Excellent few days for this and happily up around 100% since my buy on 26/01. Did you manage to buy in earlier Janus.

Cheers for your thread alerting me to this.

Are the MM's are begining to tree shake week buyers. Hold onto your shares, don't let Botswana share buyers have them.

This stock is a real gem, bought 30,000 shares at 23p and still holding.

AT 74P BUYING PRICE IS IT STILL A GOOD PRICE TO PAY FOR A SHARE LIKE THIS OR IS IT TOO LATE?looks as thier is more to come.any advice.

Ateeq..........
This is a difficult call to make.
It could go in either direction by 10 - 15% as new buyers feel they have missed out {perhaps like yourself... I presume.)...... while earlier holders will not be able to resist a good quick profit.
My advice....... but the decision is yours, only go in now if you can constantly monitor the price. This is because I feel that it could easily go up 10p during the day and yet end the day down.
Good luck to all existing AFD holders.

thanks for the advice,as you say its a difficult call to make,but it will be interesting to see what happens in the first hour of trading TOMORROW. as the price was shooting up at one stage i thought it might hit 90p ,but settled at 74p,still a very good day for the afd holders.and good luck to all the afd holders.yes i missed the punt,as i went for african gold instead.thanks anyway AMARDEV.

Ateeq...............
Most things African seem to be flavour of the week, at the moment.
Since you opted for AFG, and hopefully you're in profit, perhaps you can give us your views on that.
If you don't mind me asking.....what sort of quantity of stock do you go for on these more speculative types?
All the best.

African Diamonds and Mano River Poised for Growth argues Charles Wyatt of www.minesite.com

Most of 2003's winners in London's junior mining sector were mine development stories, but 2004 looks like being different. The sector is now at an interesting stage with lots to go for. Now, for the first time in nearly a decade, investors are anticipating drilling results, and for those few companies which actually know how to direct these drills, the rewards may be very large indeed. But, as always, there is scope for the lucky adventurer to make good and that, fundamentally, is why mining investment is so fascinating. African Diamonds


One company that has come a long way in a short time is African Diamonds. This company listed on AIM last summer at 7p with interest focused on the drilling due to be carried out on its Serowe licence in Botswana in a search for alluvial diamonds. This licence is some 100 kilometres south east of De Beers' prolific Orapa kimberlite diamond mine and is thought to cover ancient palaeo alluvial channels which drained this primary source. So far no alluvials have ever been found which could have originated from Orapa, but this is probably because the covering of Kalahari sediment is so thick. In the meantime the company has found some diamonds while drilling kimberlites on its Orapa project.
African Diamonds also has kimberlite Pipe 3 at Koidu in Sierra Leone.. This Pipe has now been dewatered and the kimberlite exposed at a depth of 30 feet . A ramp has been completed to give access to what is effectively a quarry and a 240 tonne/day dense media separation plant has been shipped up from South Africa. The idea is to take a 10,000 tonne bulk sample and, if warranted by the results , enlarge the plant and continue mining.
At the time of its AGM last month John Teeling, chairman of African Diamonds, predicted that the company would be producing gem quality diamonds within 8 weeks. He drew attention to the fact that the new DiamondWorks mine on Pipes 1 and 2, three kilometres away, is reporting outstanding grades of 67 carats per hundred tonnes, as well as finding gemstones weighing more than 25 carats. .He also forecast that production would commence on the 55 per cent owned joint venture at Kolo in Lesotho, in the 2nd quarter of this year. Initially a total of 30,000 tons will be mined, from which African Diamonds expects to recover 5,000 carats including some large stones. This too is expected to continue into full commercial production.
John Teeling concluded by saying that spectacular results were being obtained from the kimberlite dyke mapping and sampling programme in Sierra Leone Early stage analysis suggested grades of 1 carat per cubic metre and Mano River Resources is finding similar results on an adjacent licence. Mano River Resources


In fact Mano River is a company well worth considering by investors if they feel that African Diamonds has soared far enough for the time being. In the time that the share price of African Diamonds has risen from 7p to over 50p, that of Mano River has advanced more sedately from 4p to 10.5p. It is exploring for world class gold and diamond deposits and already has close to one million ounces of gold in estimated resources, a cluster of diamondiferous kimberlites and a number of highly attractive early stage diamond and gold targets in Sierra Leone, Liberia and Guinea. There is now an increasing market recognition of the recent positive evolution in the regional, political and economic landscapes of these countries, and the rating of Mano River is starting to reflect this.
The company has recently been rewarded by the Ministry of Natural Resources for its loyalty to Sierra Leone with the award of a 9,700 sq km licence. This licence covers the whole of the south eastern quadrant of the country and is underlain by the ancient Archaean Man Craton, which is highly prospective for diamonds, gold and base metals. It extends from the world-renowned Kono Diamond Fields, where Mano already has licences, to the Liberian border. In the west of Liberia Mano discovered the first ever known diamond-bearing kimberlite pipes, now under Joint Venture with Trans Hex Group of South Africa. This is quite a track record and Mano is already discussing a possible joint venture over the new licence to include an airborne geophysical survey.
Tom Elder the CEO, was at Minesite's Forum on Tuesday and confirmed that the licence actually covers nearly 15 per cent of the whole of Sierra Leone and consists of highly prospective, under-explored, diamond bearing terrain. He has a good team and will make the most of this opportunity. Why diamonds, you may ask, when base and precious metal prices are performing so well? James Picton, one of the world's leading diamond analysts, is best qualified to answer this as he has devised a chart which shows that diamonds are outpacing gold in price and should continue to do so. He reckons that we are facing a decade during which production of rough diamonds will be insufficient to meet demand. Last year , according to Picton, rough prices rose by 20 per cent and he expects something similar in 2004. In such a situation there is bound to be investor interest in the most successful explorers and these are more likely to be in Africa than Canada or Australia. Key Data


African Diamonds (AFD)
Market: AIM
Spread: 80p-82p
Market Cap: 43.5 million pounds
NMS: 3,000

Mano River Resources (MANA)
Market: AIM
Spread: 12.5p-13p
Market Cap: 20.4 million pounds
NMS: 1,000
Veteran mining writer, Charles Wyatt edits www.minesite.com the definitive source of information about small cap mining stocks. The site is free to register with and members gain access to regular forums where they can meet the men behind the stories. To find out more click here [links to http://www.minesite.com].

any comment on MANA company?

Don't ignore the diamond miner, FDI Firestone Diamonds - the senior of the exploration miners in Africa. FDI mkt cap around 14M: has 2 working mines producing large and small gems, and a share of a south african mine, plus the possibility of a JV in another territory ( Mopipi). FDI is a more mature company, and actual growth and gains are much more likely in the short to medium term. I hold at 42p.

What is the consensus for AFD's near future? They seem to have a strong position and plenty of potential, but now they have risen to 70odd pence are they over valued or just about right?

From UK Analyst posted on another board.

African Diamonds

Zak: African Diamonds (AFD) is perhaps the star of the African show in the sense that this is the stock that I have been receiving the emails about. It has also been something of a standout technically in the sense that post October we saw a very tight 20p - 25p range, with the breakout from this being particularly powerful as one would expect after such a log jam. The magic number to conquer was 25p and if anything, the pace of the rally seems to be accelerating.

It does not appear to be too much to suggest that the next month or so will see the target projected by the October resistance line at 115p hit quite easily. The only problem is of course where to place the stop loss. At this point the answer looks to be either a two day close below the Thursday low at 55p or the intraday February support at 45p for those who do not want to trade the stock too tightly.
From UK Analyst posted on another board

Tom: This is a John Teeling stock which at 73.5p is valued at 40 million. I remember laughing at broker research valuing this one at almost 100p a share when the stock traded at 7p. Amazingly that research now looks sensible. The company's exploration activities at Orapa in Botswana have located not only kimberlites but also actual gem quality diamonds (4 so far). No-one is saying that this is definitely a commercial find but the evidence that it may be is mounting. If it is not 20p here we come. But if it is commercial then the shares could multiply again from here. This really is a "glory play" for total gamblers. For what it is worth, and the stockmarket reporter on UK-Analyst reported this yesterday, the word in Dublin is that a fund raising at 50p is on the cards once the shares hit 100p which is expected soon. If you are tempted, go in with your eyes wide open.

DOES ANY ONE THINK TODAY WAS A PROFIT TAKING DAY FOR AFD,OR IS IT OVER VALUED AT PRESENT?

Profit taking and may be over overvalued until actual production results are announced.

Botswana devalued its currency 7.5%. Impact on AFD good or bad? Lots of punters reportedly took profits and switched into MANA ahead of this week's big African Mining Conference (Feb 10-12).

Isn't it March that AFD expect results from their drilling samples. Anyone have any ideas as to the share price direction 'till then? I regret not having profit taken last week. I've got to wait for the next rise now!

Two things to consider Highride, either the MM's have been very short of stock and are tree shaking or investors are begining to take profit, hence the drop in price.

If the drop in share price has triggered your stop loss limit then perhaps close your long position and short with a spread bet or CFD and then buy back in later as once further news the price will inevitably leap back up. Only an opinion but LOL.

Will this go to a pound,with more news expected,looks that way but any input from fellow investors will be appreciated as i am looking to buy some,but the question is .is it too late?

I'm looking for a 1 plus and given more good news could easily rise to that but thats my opinion! The MMs seem to like playing with this one and IC recomend a sell this morning so you pays your money and takes your chance

AFRICAN DIAMONDS (AFD)

61p - aim: diamond exploration - The bubble in small-company mining stocks may have further to run, but some companies are already showing signs of overvaluation and increased volatility. African Diamonds is one such company. Listed at a lowly 7p, its shares touched a high of 76p after the company released a string of positive results relating to its Orapa diamond licences in Botswana, and the tentative beginnings of operations on a series of dykes in Sierra Leone.

The company also announced a deal in which Kalahari Diamonds will fly over the company's grounds using the new Falcon ground-surveying technology to look for new kimberlite pipes. That process will shave three years off the exploration process, although Kalahari earns 60 per cent of anything found.

But it may not find anything at all - most exploration activity doesn't - and although African has found diamonds in the past and has plenty of indications on its licences that there may be more, it still needs to find a 'company maker' before it can justify a market capitalisation of nearly 30m. Firestone Diamonds, an established South African alluvial diamond producer - which also has significant interests in Botswana - is profitable and cash-flow positive, but has a market capitalisation of just 17m. Other companies that offer diamond exploration upside at a cheaper price include Petra Diamonds, which already has plenty of known kimberlite pipes in Angola to investigate and doesn't need Falcon to find any more, and Mano River, active near African Diamonds in Sierra Leone.

What African does well is manage the market. Its management includes many old hands in the business, and the projects they have put together may well pay off massively for investors who got in early. But, at current levels, there is better value elsewhere in the sector, and it's worth taking profits before the bubble bursts. Sell.

Thanks for the reply Legins. I have not tried CFD's yet. I'm trying to get the hang of short to medium term penny shares. I screwed up well Thursday though, bought more when I should have sold. Doh!!!
Despite IC's cautionary notes on AFD, fact is, AFD generates much interest, as Thursday 5th showed. Many investors obviously react very quickly on AFD news releases.

AFD said they expect the results back from one of their sites (I forget which one now)in March. So I wouldn't mind betting the prices will go crazy that day again, presuming,I say again, presuming the results are favourable! Perhaps another 50% spike on the day. Maybe even pass the 1.0 barrier if the present price can hold within the 0.70's or perhaps 0.60's.
I don't know, I'm just guessing and trying to read the market, but AFD's share price reflects the interest people have in it, not cold hard statistics!

Highride, Its easy to make trading decisions at the wrong timing I've made the same mistake in the past but atleast have learned from it and try not to repeat it. Do you have any charting / technical analysis software, if so which? I have programmed an alarm in my software which precisely warns me of the peaks and troughs based upon a 10% change in direction of short term bullish or bearish trends. In conjunction with RSI & MACD indicatios, so far it has given me sufficient accuracy to decide whether to trade long or short. This type of trading tool is of immense help.

Legins .............
Very interested to read about your charting techniques.
I too try and make use of these;with some success.
However, since the New Year, I have adopted a more high risk strategy,
and wonder how successful your indicators are for such volatile stocks?
eg. I bought AFD last week and sold the following day with a 38% gain.
So my point is.... was I just lucky with my gut reaction,or would your indicators have helped to achieve either a greater profit or minimise a potential loss. (which I could quite easily hace suffered, given the volatility of this stock}.
Regards to all holders.

From the Independent

Shares in African Diamonds traded at just 6.75p as recently as October. But those days seem to be long gone. Yesterday, African Diamonds gave up 1.5p to 71.5p as investors locked in profits from the company's meteoric rise. Dealers hear the group will soon, possibly as early as next week, unveil a joint venture with Kalahari Diamonds, a company backed by mining giant BHP Billiton. The link-up will help African Diamonds with the development of its assets in Botswana and word has it the agreement is already written and merely requires the signatures of the two management teams.

amardev,

In my view providing that the bid/offer spread is not to great the more volatile the better. Word of caution tho - for EOD data your charting signal of a peak or trough is the on day after the top or bottom so you then buy or short on open the next day - if the average interval between peaks and troughs is to short i.e. less than 5days then it is difficult to make any gains infact more likely to lose.

Legins. Sorry about replying so late. Re.your question: Do you have any charting / technical analysis software, if so which?
No I haven't at the moment. I've been doing this for about 14 months or so. I saw increase of 17% last year, but really I want to see more success before investing in equipment, plus my learning curve is steep enough right now, any more data inputs might give me a bad headache!!.
However, I use my Broker online site as well as Motley Fool for (basic probably)chart analysis and background data and leads/rumours. I am interested in getting some screening/analysis software sometime, but when???
All suggestions/advice however greatfully recieved.

Have anyone heard of 'Red Hot Penny Shares' by Fleet Street Publications. They claim to be very good at recommending shares that soar. Introductory 12month price is 57, then 97 thereafter. They say pay no money now, first 28 days free plus free gifts, yet request Bank details straightaway. I am vary wary due to the number of scams going on. These people also produce 'Money Weekly'.
"http://www.fsponline-recommends.co.uk/page.aspx?

I'm still holding a lot of AFD's, I am a little anxious with the price in a downward trend, but, I'm hoping there will be a good news release soon that should push the price up. That will then neutralise my timing error of the 5th.

African Diamonds PLC
17 February 2004

Botswana Joint Venture

Highlights

Joint venture agreed between Kalahari Diamonds (60%), and African
Diamonds (40%), on Botswana licences.

Revolutionary Falcon exploration technique to be used on the licences.

Primary targets are undiscovered kimberlite pipes in the area north of
Orapa, a new kimberlite field in Serowe and plunge pools / river
channels which drained Orapa through the Serowe licence.

All existing kimberlites identified by African Diamonds are not part
of the joint venture.

Orapa to be 'flown' during the second quarter of 2004.

African Diamonds is pleased to announce that they are finalizing a joint venture
agreement with Kalahari Diamonds Ltd. to explore the 4,000 sq km of diamond
licences in Botswana held by African Diamonds.

The objective of the joint venture is to use the Falcon exploration technique to
identify new kimberlite pipes on the Orapa and Serowe licences held by African
Diamonds. The joint venture agreement excludes the 21 kimberlites already known
to African Diamonds.

The Falcon airborne exploration technology is revolutionizing diamond
prospecting particularly in areas of deep cover such as the Kalahari sands and
the salt pans north of the Orapa diamond mine. The technique can identify the
signature of kimberlite pipes in a collection of geological anomalies. Kalahari
Diamonds Ltd, which has exclusive use of the technique in Botswana, will earn a
60 per cent interest in new discoveries on our licences by flying the ground,
analyzing the data and identifying targets. African Diamonds can elect to
maintain their 40 per cent interest in all follow up work or agree to be diluted
to a royalty interest.

It is intended to fly the Orapa ground as soon as it is practicable in 2004,
probably late in Q2. The Serowe licences are expected to be flown in early 2005.

The potential in the Orapa ground, a 1,000 sq km block north of the Orapa
diamond mine, is enormous. The Makgadikgadi salt pans make conventional
exploration in the area virtually worthless. Some 80 plus kimberlite pipes have
been discovered to date around the Orapa mine area but only two have been found
in the vast area of the Makgadikgadi, Kimberlite BK15, which is to be mined by
Debswana and Kimberlite K15, both of which outcrop on the southern shoreline of
the Magkadikadi pans.

Many geologists believe that further pipes exist under the salt and sand.

The potential on Serowe is equally good. African Diamonds has produced evidence
of a new kimberlite field. Drilling has also identified the existence of river
channels which may have drained the Orapa diamond fields. Using existing
techniques would take three years and a substantial investment to discover what
Falcon is likely to reveal by the end 2004.

John Teeling, the chairman of African Diamonds said, 'This is a very important
step for our company. We are trading 60 per cent of potential new discoveries on
our licences to save three years and to obtain the results of using this
wonderful new technique. Falcon sees through sand and salt.

We believe that we have at least three potential revenue streams of significance
in Botswana;

the lost alluvial diamonds of Orapa which we are chasing in Serowe
the new kimberlite field in Serowe where our work has narrowed the
area down to 150 sq km, and, most vitally
the untapped potential of our ground north of the Orapa mine

We are particularly excited about what lies beneath the sand and salt north of
Orapa. By year end we should have targets, some of which are likely to have
significant value to African Diamonds.'


Contacts:

African Diamonds Plc
John Teeling Tel: +353 87 2581178
Mark Scowcroft Tel: +27 (11) 447 4997

Redleaf Communications
Nick Lambert Tel: +44 (0) 7811 358 764

Rowan Dartington
Ian Rice Tel: +44 (0) 117 933 0020

About Falcon

http://falcon.bhpbilliton.com

African Diamonds PLC
03 March 2004

AFRICAN DIAMONDS plc.



3rd March 2004



African Diamonds lists on Botswana Stock Exchange

More Diamonds Discovered



African Diamonds is pleased to announce the discovery of two additional diamonds
from the ongoing analysis of drilling samples from our 19 hole drilling
programme on our licence in Orapa, Botswana.

The latest discovery, a 0.26 carat white gem, was found in a small sample of
AK8.

In addition, a gravity survey of kimberlite pipe AK8 suggests that it is bigger
than the 1.5 hectares we have previously estimated.

We have now discovered diamonds in all three pipes analysed to date, BK10 AK9
and AK8. Processing of drill material from a fourth kimberlite, AK12, has
commenced.

The concentrate will be shipped to South Africa for X-ray analyses as soon as
the preliminary analysis is completed on site.

Speaking at the listing of African Diamonds on the Botswana Stock Exchange, Mark
Scowcroft, Managing Director said, 'I see it as a good omen that we discover a
white gemstone as we begin our life on the Botswana Stock Exchange. Botswana has
a fabulous future in diamonds. Looking forward, the four producing diamond mines
will be joined by others. African Diamonds expects to be one of these new
miners. We have excellent ground in Orapa and Serowe, good local management and,
importantly, good drilling results'.



African Diamonds plc



'These excellent results are complemented by the exploration potential which we
have in Botswana. In the Orapa area we have over 1,000 km of quality ground with
excellent potential. To the north of Serowe we believe we are on the trail on a
new kimberlite field, and we continue to hunt for the lost Orapa alluvial
diamonds.

Botswana is an excellent country in which to operate with good title,
regulations, infrastructure and people. It has among the best diamond potential
in the world. Our listing in Botswana shows that we are here for the long run. I
look forward to a growing and profitable future'.



Contacts:



African Diamonds Plc
John Teeling Tel: +353 87 2581178
Mark Scowcroft Tel: +267 713 02471

Redleaf Communications
Nick Lambert Tel: +44 (0) 7811 358 764


Rowan Dartington
Barrie Newton Tel: +44 (0) 1179 330011

Capital Securities
Rupert McCammon Tel: +267 3188886




www.afdiamonds.com

whats the next move for this stock,as its falling since the good news,why?it should be rising,but i think profit takers are taking care of this at the moment by the looks of things.

I find this a difficult stock to read. I am by no means an expert, but, I think this stock is purely sentimental value. It wants to level off probably at high 40's to 50p. Soon as there is news, not even positive results, just keeping us briefed, the price shoots up.
I thought they were to release the analysis results of one of their explorations (pipes) this month. I haven't a clue as to the stocks potential, but it did hit 0.91p on 05.02.04, so how far can it go with positive news????

Looks like this stock has recovered from the days weakness. Is this due to news or just people stocking up on while they are weak?

Is this stock going to keep falling? Is there light at the end of the tunnel?wHATS GOING ON CAN SOMEBODY HELP?

must admit this is a funny stock at present,just check the rise from 47.5 to 52.50p within a minute.at 4pm.

This stock seems to be hovering around 50p. Is this the true level for now? Certainly 80p seemed unsustainable without further developments. I suspect that for now this about right until more news comes out.

This stock is even gone down further by 8 pence today,which is 16% down from previous close ,is it time to sell or shall we still hold for couple of weeks or months?

ateeq180,

nobody here is probably qualified to answer that question, you really have to make your own decision.

IMHO the chart seems to have support at 38p, otherwise at a much lower level in the 20's. so I would certainly be keeping a very careful eye on the price over the next few days!

tomorrow could be interesting!

I don't see any inspiration at all in the charts!

Any ideas as to the big rise over the last 2 days?

yes....RNS expected anyday regarding the results of a testing in a diamond pipe. Results are expected to be good.....

Does anyone have any information regarding the possible tie up between De Vere and African Diamond?

JAHYTON76,

It's DE BEERS!

Today's Guardian commented on a RUMOUR about a conection between De Beers and AFD, but at this stage it is only a rumour reported in one newspaper.

andy, also brokers cazenove, tie up with de beers on the cards.

aldwickk,

Ok, but is it the same rumour from the same source, or did they source it independently?

IMHO, until it's hard fact, it remains a rumour!

good luck if you hold.

Could be big news out in the morning. (so I am told)

GF.

Hi.

Are everyone as suprised as me regarding the share price response to todays interim news. We are holding shares that must surely have huge upside potential, todays news was surely good. I really thought we would see a major gain, certainly a spike around 90 like before.

Does anyone have any ideas???

i keep hearing people talking about african diamonds. looking at the chart i am not able to conclude if this is a good buy or not because of the lack of trading years but analysts seem to think this is a great buy. i assume they are going by knowledge of the company and accounts. can someone enlighten me as to why this is such an eager buy and why certain people are talking about this company so much?

thanks

javid

I think Afr. Dia. are suffering because of the huge spike we saw in feb. Every time they have good news people will be worried they have missed the boat when the price rises and may be inclined to wait for the drop. Regardless of this they seem to have generally good newsflow and I assess are definately worth following. I am holding for now to my stock. Its a risky area because of the current speculation in mining but there is definately good potential there.

African Diamonds seems very dead at the moment. In fact the whole market is flat. I really thought March would see an increase, followed by April, but here we are, diddelysquat.
However, deep inside the dark continent, AFD are busy setting up their first mining operations, due to start this month. If their release of good news coincides with a brightening marketplace, I'm sure we'll all be smiling again!
Good luck all.

Still no news if anyone has any news of AFD please let us know.

Is this good or is it great?????



African Diamonds PLC
22 April 2004

African Diamonds partners with De Beers in Botswana

African Diamonds (AIM: AFD) and De Beers have signed an agreement to establish a
joint venture company to explore for, and if successful, develop new diamond
mines in Botswana. The agreement, which is subject to the approval of the
relevant authorities, covers the current African Diamonds licences in the
country, as well as certain De Beers licences in the Orapa area. There are 29
known kimberlites on these licences of which 21 are located within the African
Diamonds licence area. De Beers has an extensive database relating to the
geology of the Orapa area, as well as specific information relating to the
kimberlites and recent geophysical work suggests that certain of these may be
larger than previously thought. This information will be made available to the
joint venture company and a detailed intensive work programme managed by De
Beers will commence immediately.

The initial focus of the work will be on specific highest potential targets
among the kimberlite pipes on the licences around Orapa. Work on the 1,000 sq km
licence north of the Orapa mine will commence in 2004 by airborne and ground
geophysics and by the use of exploration techniques exclusive to De Beers. A
similar programme is planned for the Serowe licence currently held by African
Diamonds, 120 km south east of Orapa. Work done to date by African Diamonds has
indicated the possibility that new undiscovered kimberlites may exist at Serowe.
Advancing this project to kimberlite discovery the focus of exploration efforts
in 2004.

Ownership of the joint venture will initially be 49% African Diamonds and 51% De
Beers with De Beers funding the joint venture through to bankable feasibility
study. De Beers shareholding will rise to 70% upon completion of the first
bankable feasibility study. The size of any mine resulting from the joint
venture will decide whether it is managed by De Beers or African Diamonds with
larger mines operated by De Beers and those below an agreed threshold operated
by African Diamonds, who will receive a preferential profit share in those
operations of Newco.

John Teeling, Chairman of African Diamonds said, 'This is an outstanding
opportunity for African Diamonds. We know that we have good ground in Botswana
and our exploration to date has produced a number of specific targets. As a
result, we had interest from a number of potential partners, but none can match
De Beers. They have unrivalled knowledge of diamonds and a wealth of exploration
data built on forty years experience and commitment to Botswana. Their
exploration expertise is the most advanced in the world and they have large full
time exploration teams on the ground. African Diamonds management team will be
actively involved in the programme on a consultancy and advisory basis. The
Serowe and Orapa north licences will be explored with De Beers proprietary
cutting edge technology and with the use of specialist airborne techniques such
as Bell Geosystems.

We believe that our ground has the potential for large gem quality mines - and
they will be the targets of our joint venture.

The potential in Botswana, already the worlds leading gem quality diamond
producer, is immense. We are fortunate to have obtained excellent ground on
which we have good exploration results. We now have a partner with the resources
to realise the potential on our licences. This combination offers an exciting
future'.



Contacts:

African Diamonds Plc

John Teeling Tel: +353 1 833 2833

Mark Scowcroft Tel: +27 (11) 447 4997



Redleaf Communications

Nick Lambert Tel: +44 (07811) 358 764



Rowan Dartington

Ian Rice Tel: +44 (0)117 933 0020



www.afdiamonds.com


This information is provided by RNS
The company news service from the London Stock Exchange


Hopefully this is the catalyst we have been waiting for.

afr diam. look to now be in a position to capitalise on their potential. i suspect that if de beers are involved, their projects must be very promising.

All my chart indicators say YES.Although could fall back a touch before sailing upwards beyond 75p any fall back being a buying opportunity so sellers beware.

TB^^,

AFD MAY be a buy, but they are still looking for diamonds rather than producing them!

De Beers are a highly respected diamond company, but they are also only using this JV to prospect rather than actually mine any diamonds.

Clearly there is potential here, but until we see the value of the stones, it is simply potential.

The cuurent market cap is OVER THREE TIMES HIGHER than, for example, Firestone Diamonds, a diamond PRODUCER, also with prospects in Botswana at Mopipi, as well as prospecting and producing mines in S. Africa itself.

I see a number of small sells but some sizable buys coming through.
It looks as if the "people who know " are jumping on board

BLUE DAY FOR AFD ATLAST UP 19% TODAY,LOTS OF BUYS IN THE LAST HALF HOUR.

ateeq180,

yes a huge jump in price, so someone thinks they know something!

Tomorrow could be interesting.

ANDY I THINK AS AFD HAS DONE SO WELL IN THE PAST 6 MONTHS,AND AS I REMEMBER I THINK YOU MENTIONED THIS STOCK LAST YEAR WHEN IT WAS ONLY 7P,AND STILL LOOKS TO BE A GREAT INVESTMENT.WHATS YOUR OPINIONS ON NML,DO YOU BELIEVE THEY COULD BE THE NEXT AFD.

Hi ateeq, NML looks exciting and the jigsaw is coming together now, I believe.

IMHO on reasearching I am well happy to be in at this time.

I think AFG news is coming real soon...

The fund raising now complete at a price of 36p.
http://moneyam.uk-wire.com/cgi-bin/articles/200406080730024751Z.html

That should put a floor under the price & hopefully a good lift over the next few weeks, which has already started. Of course if the price moves quickly some of the new entrants will want to take profits putting a brake on any rise.

Any good news should provide some impetus, things have been very quiet recently, probably because of the fund raising in the background.

Fly by Night

Red

Any good news and these will spike at 70p+.I was very lucky to sell at 71p last time on the de beers news.

It is now half price - 35p

African Diamond now looks very promissing!

African Diamonds PLC
14 July 2004

AFRICAN DIAMONDS plc.

Exploration Update



African Diamonds plc (AIM: AFD) the diamond exploration company, wishes to
report significant progress on a number of fronts in its joint venture with De
Beers to explore for and, if successful, develop new diamond mines in Botswana.


A detailed airborne survey of the 1300 sq kilometre Orapa licences has
been completed. Analysis of the results has revealed new, very significant,
targets which will be subject to further detailed investigation in the near
future.


An area of the under-explored 1000 sq km licence north of the Orapa mine,
is currently being surveyed using the airborne Bell Geospace system. This
state of the art technique will hopefully indicate previously undiscovered,
possibly large, kimberlite pipes.


The 29 known kimberlites on the joint venture licences, are being explored
with detailed ground geophysics. Early results indicate that some of
the kimberlites may be larger than previously believed.


A substantial drilling programme, including wide diameter drilling,
will commence this month.


Results of 100 tonne bulk samples already taken from kimberlites AK6
and AK10 will be available during the next quarter.


Earlier exploration by African Diamonds on the Serowe licence, 120 kms
southeast of Orapa, produced significant diamond indicators. These findings
are being re-analysed and evaluated by De Beers. The conclusions will
determine the next step in exploration. Additional licenses in this area are
expected to be awarded to the joint venture.



In addition, the Company reports that trial mining has begun on Pipe 3 in Sierra
Leone and is producing diamonds. Commissioning is proceeding but has had
significant delays due to operational issues.



John Teeling, Chairman of African Diamonds plc, said:


'The value of a joint venture with a world class partner is shown here. In three
months, our partner has carried out exploration which would have taken us years
to complete and cost millions. I am delighted with the results emerging and I
anticipate there is more to come. We believe that our ground is premier class -
the findings support that view. Flying the Bell system and drilling the
kimberlite targets foretell exciting times in the coming months.


'Commencing trial mining on Pipe 3 in Sierra Leone has taken significantly
longer then anticipated but it has begun and is producing diamonds. African
Diamonds should be in a position to provide a detailed update shortly.'



Contacts:

African Diamonds Plc
John Teeling Tel: +353 1 8332833
Mark Scowcroft Tel: +27 11 447 4997


Redleaf Communications
Emma Kane/James White Tel: +44 (0) 20 7955 1410


Rowan Dartington
Ian Rice Tel: +44 (0) 117 933 0020



Notes to Editors:

African Diamonds and De Beers announced the signing of the agreement to
establish a joint venture company to explore for, and if successful, develop
new diamond mines in Botswana on 22 April 2004;


Ownership of the joint venture is initially 49% African Diamonds and
51% De Beers with De Beers funding the joint venture through to bankable
feasibility study. De Beers' shareholding will rise to 70% upon completion of
the first bankable feasibility study. The size of any mine resulting from the
joint venture will decide whether it is managed by De Beers or African
Diamonds with larger mines operated by De Beers and those below an agreed
threshold operated by African Diamonds, who will receive a preferential
profit share in those operations of Newco.


Further information on African Diamonds plc is available at the Company's
website: http://www.afdiamonds.com

Do anyone know when is the next drilling report??

Big Boss.

Check out the advn and iii boards.

Your question is the one on everyone's lips. Apparantly some guys have phoned/emailed JT with that question, and he basically says, "Soon" and, "Don't worry"!

Best of luck.