See www.riverdiamonds.co.uk !!!

Must be some news soon!!

Well this thread is just full of news and analysis!

Why must their be "news soon"?

Hi SCH17 - What sort of news are you expecting. Seems to me this was a great stock to be in prior to 24 June but gradual drop since then although plenty of volumn. My limited research hasn`t come up with much other than Finals at end of August. I wil have a look at their web site

Oak,

River have promised much but delivered little this far IMO.

I have a smallholding, but am awaiting some positive confirmation of production before adding, as we are well overdue some decent news from brazil.

Someone posted elsewhere that the Panguma area in SL is very promising and surely they must have got something out of Melgueira !!

Weekly Small Cap Review

River Diamonds in Rio agreement

18 Aug

River Diamonds shares soared after it entered into a $20m option agreement with a subsidiary of Rio Tinto over the exploration and development of two large prospects in Brazil.

Under the agreement, Rio TInto Desenvolvimentos Minerais (RTDM) has the option to acquire up to 60% of the prospects, named Batovi and Alto Paraguai, by spending at least $10m within a four-year period.

"In addition RTDM have the option to increase their stake to 80% in each of the properties by completing a standard feasibility study that Rio Tinto submits to the Investment Committee of the Board of Rio Tinto plc together with all related reports and supporting documentation," added the statement.

The agreement requires RTDM to provide geophysical data, drilling results, sampling results, and reports on the properties carried out to date.

As a result, River Diamonds will pay Rio Tinto $150,000 over a period of a year and a quarter and spend a minimum of $1m to explore the areas.

We are confident that our experience in diamond exploration in Brazil combined with Rio Tinto's expertise will jointly serve to realise the true value of these prospective projects, said executive chairman Colin Orr-Ewing.

Just cannot believe that nobody has posted about this company for over a year. I bought into this on hope that Melgueira would produce lots of diamonds. It didn't and I got stuck with a lousy investment.

However things are beginning to change. RVD now have an interest in Panguma in Sierra Leone. Also in addition to the geophysical data they have a new exploration manager (Frank Gaunt) in Brazil.

Recently they produced excellent first drilling results from Panguma and on Friday announced the appointment of a new exploration manager James de Jager.

Expect news very soon from both Melgueira and Panguma where there may be more dykes than previously thought. Whether they all have diamonds only time will tell but this company looks like it's begiining to take off.

In Brazil, not the place to be at the moment

Why is that Jameel?

Anyway isn't Panguma enough to make this company?

Boboabout:
It seems like someone has heard you.The site is free to register so that you can
read the whole article.

http://www.proactiveinvestors.com/registered/articles/article.asp?RVD

River Diamonds: Panguma Dykes Project in Sierra Leone could be very lucrative for River Diamonds
By Ian Mclelland

Diamonds. Extremely difficult to find, and even more difficult to find in high enough grades to justify mining.

So why on earth are there so many diamond juniors on AIM? Pure potential. The sheer value of an economic deposit of diamonds is quite staggering - especially if it is a kimberlite. But diamonds can be mined in other deposits too, including alluvials and dykes. River Diamonds, as with many diamond exploration juniors, has the short game focused on a potential near term cash flow project - a dyke system in Sierra Leone, while the long game is focused on finding kimberlites either in Sierra Leone or Brazil

media comment, Click HERE

RVD is on the move now. I bought in yesterday at 2.748p.

The company owns 19% of Westech, who in tern hold all the permits for the Vatukoula gold mine formerly Emporer gold mine in Fiji.

Share traders link above is really worth reading, in conjunction with the last operational update from the company.

Blasting starts in a week or two as they recommission the mine that has been a major gold producer since 1939.

The 400,000 share sale that has just gone through is in fact a purchase. If you trace back the dealing time, late reporting, on the trades page you can clearly see this. Positive buying support, the only way is up.

oilyrag

I'm in at 3.05

Why is TMP's sp going down?

Templar Minerals Limited
22 October 2007

22 October2007


Templar Minerals Limited

('Templar Minerals')


Acquisition of further shares in River Diamonds plc ('River Diamonds')
Templar Minerals, following market purchases of 5,000,000 shares between 18 and
19 October 2007, has increased its holding in River Diamonds to 285,000,000
ordinary shares of 0.1p representing 26.18% of the total issued share capital of
River Diamonds. The aggregate cost of the shares purchased was 119,000.

Further information on River Diamonds as required by the AIM Rules was provided
in the announcement of 11 October 2007.

River Diamonds

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

I dont know driver, prehaps the markets feel that TMP are the ones taking the risk as their future capital is dependant on Westech producing gold. RVD however has risen purely on speculation and investment from people like TMP. IMHO I dont see RVD dropping until investors try to liquidate their holdings.

If this is all successful then prehaps a back up punt on TMP is worthwhile as their prices are considerably lower than normal at the moment. DYOR.

I'm intrested to hear other viewpoints on this, good luck to all holders.

Hi Driver and Oilyrag: I bought in on Friday, too: at 2.74p. Had been keeping my eye on this and had the usual dilemma of deciding what to sell first. Anyway, great to see this in profit already - hope it keeps going up from here!

oily .... as far as I can see, then most of the shares that TMP have in RVD were obtained in the recent private placing. They got 250m @ 1.5p. So that isn't a bad return for them in less than a month. Prior to the placing, they held 20m. So they picked those up before recent rise in RVD share price. Only the last 15m shares TMP have picked up in RVD were since the placing and in the open market. The Chairman of TMP was a Manager at the Fiji mine (that RVD have their 19% interest in) a few years ago (1989-1992). So presume he has utilized his knowledge and connections to build the holding in RVD.... So I'd say TMP had been pretty canny so far with picking up RVD shares. Time will tell if fall in TMP share price is due to them
a). initially being 'overpriced' at IPO
b). the recent seller getting out at any price for whatever reason
c). a skeleton in the cupboard yet to come out

... Await with interest the progress of both RVD and TMP....

I must be honest but until last week I'd never heard of Templar diamonds. Their MD used to be with Emporer Mining and so must be fairly knowledgeable about the Fijian mine. Surely he wouldn't back buying into RVD in such a large quantity if there was nothing there. What really confuses me at the moment is why, if there is considerable value left in the mine, then why did Emporer mining pull out, or where they pushed. Can anyone shine any light on this, thanks.

This is what previous TMP RNS included: "The mine was placed on care and maintenance in December last year due to corporate problems with its previous owner's gold hedging book and non related issues. The Directors believe that these issues no longer impact the Emperor mining operations and the expected re-commissioning of the mine later this year."

Note Fat Prophet's article from Feb 2006:
http://www.emperor.com.au/abouteml/FatProphets_28Feb06.pdf

And whilst on the subject of Gold, why did Gordon Brown flog off the UK gold at $2xx / oz ?

TMP's on the up.

Survived87... because he needed the cash to build his great economic dam behind which he has built his UK economic miracle which is just about to breach the dam!

diydave..... pity about the price he got for it (gold bullion) at the time he flogged it ..... it'd have been useful to keep a bit back for rainy days at Northern Rock.....

PS: 'nice' to see both RVD and TMP mid-price up on the day ....

TMP now up 34%+ I got my timing wrong should have gone for the other one.

RVD up 20% or so, going great guns at mo.

Fast approaching my top slicing point for a free ride.

oilyrag
Cheers oily for pointing this one I haven't got many but a profit is profit I dumped a couple of bio minnows that havent moved since I bought RVD

I missed all the fun on this one today, having sold a couple of days ago to buy BRR. Still, that's moving up and RVD had made a small profit so I guess I shouldn't grumble. I'm wondering whether to get back into RVD - will see what happens over the next few days, seems to have reached a bit of a halt at 3.95 - hope it falls back for me!

Vatukoula pours first gold
Wednesday November 14, 2007


The first gold has been poured from Fiji's Vatukoula mine since the operation was placed on care-and-maintenance in December by former owner DRD Gold subsidiary Emperor Gold Mines.

In a statement last week, River Diamonds PLC, which owns a 19 per cent interest in the share capital of Westech (the Australian company which owns the mine), says some 503 oz of gold was extracted from the commissioning of the mineral processing circuit at the Vatukoula late last month.

River Diamonds through its wholly owned direct and indirect subsidiaries, owns the mining rights and associated assets of the Emperor Gold Mine in Fiji, also known as the Vatukoula Gold Mine.

The company says the operational shafts have now been re-commissioned and the ore and waste passes will be ready over the next week.

Westech anticipates the first underground blast to occur in the next three weeks in readiness for the plant commissioning scheduled for late November.

Westech is indirectly controlled by Red Lion Management, a global merchant bank based in Vancouver, Canada.

It bought the Vatukoula mine earlier this year from South Africa's DRDGold's Australasian subsidiary, Emperor Mines.

OILY .... prob not for me, but i'll try to have a proper look late this afternoon .... shall be out until then, pretty much as of now

Going goon again.

1,650,000 share deal just gone through at mid price. I believe its a purchase as its higher than most sales for the day, lets see if the price now starts to rise.

oilyrag
It hasnt gone higher but its staying green.

In a falling market, thats the same as a rise in my book.

Still going in the right direction.

RVD has surpassed my top slicing point and I have so far resisted as I feel that there is still some way to go. So I shall now increase my retained %age on a free ride and take a little profit.

Well done Oilyrag - I should have stayed with this! Ah well...

Oh well, just been suspended, pending an announcement about third party possibly reversing in. This should mean a nice jump in price, Question is who? My monies on whoever we own 19% of westech through.

Templar Minerals? - I'd forgotten about them! Damn... Good luck - you should do nicely out of this.

No effect on TMP price (yet) - not even any transactions in that (yet). Await developments with interest...

It wouldn't be TMP because that would be a merger, or a buyout, both companies are quoted here, so it has to be another party from a foriegn exchange or a private company. Walter H Berukoff of Red Lion management, of Vancouver, who are a merchant bank for Westech, could be behind the reverse takeover to gain a London listing. if so we are onto a winner.

anyway, looks as though you picked a solid winner here .... well done!

Any guesses as to who might be behind current developments.

If it was Templar involved in the reverse takeover, I would have thought they would also need to make some sort of statement and/or suspension.

Rumour has it, on advfn, that possible return Feb-March 08 at 13p to 15p. Heres hoping.

If thats turns out to be the case then TMP could be wotrh 10p a share. If RVD facts turn out to be true, then TMP, may be a back door into a nice profit early next year.

I'm still on these, bought on a whim so don't know much about the company or why we are suspended. but looking interesting.

River Diamonds PLC
30 November 2007

30 November 2007
AIM: RVD



River Diamonds plc

('River Diamonds' or 'the Company')



Result of EGM



River Diamonds announces that all the resolutions proposed at the Company's EGM,
held today, Friday 30th November 2007, were duly passed.



Enquiries:


Colin Orr-Ewing, Executive Chairman Laura Llewelyn/ Beth Harris James Joyce / David Porter
River Diamonds plc Parkgreen Communications W.H. Ireland Limited
Tel: 020 7352 4117 Tel: 020 7851 7480 Tel: 020 7220 1666






This information is provided by RNS

Another possible name to enter the fray is Lesotho Diamonds. They are the biggest diamond producer in S Africa and they may be after a listing in London. If it is them, then we are onto a massive payout.

The other rumour going around at the mo, is that RVD may end up with 100% of the Emporer gold mine, this is why they floated extra shares to raise start up costs.

Whatever the truth, only time will tell. Until then, keep dreaming.

Latest RNS, RVD now hold 100% of the emporer gold mine in Fiji. They have made significant share placings with institutional holders at 6p per share. All they need now is share holder approval and were in the money.

50% dilution with new shares issued, but a significant increase in company value. This also makes TMP a bargain at the moment as they hold 280 million shares in RVD.

Yes looking good to me why the drop at TMP

To let their mates in.

>why the drop at TMP
>>To let their mates in.

Well seems they're now in, given that offer price (for TMP) went from to 2.25p in the morning to a peak of 3.75 in the afternon - before finishing at 3.5p.... ;-)

Merry xmas and happy new year everyone.

Possible return to trading third week of Jan 08.

Miners pulled out in time as FIRCA order stops fuel
Last updated 2/16/2008 9:20:15 AM
From: Fiji Sun

Mining at the Vatukoula gold mine was suspended because of shortage of fuel to provide electricity for mining. Vatukoula Mine Workers Association president Viliame Sikuri said miners working on the Thursday evening shift had to be pulled out of the mining shaft because there was no power to provide ventilation underground.
He said mine owner Westech was only informed after someone assigned to buy fuel was turned down by the bank because of a garnishee order placed by the Fiji Islands Revenue and Customs Authority.
The garnishee order by FIRCA has caused a lot of problems, not only to Westech but the whole mining community, he said.
The action taken by FIRCA was unacceptable because it didn't inform the company that a garnishee order was in place and resulted in all mining activity ending abruptly because there was no power.
He said FIRCA's actions could have cost lives.
We had to immediately pull the workers out because if the power had shut down, lives would have been lost, said Mr Sekuri.
FIRCA should have done the decent thing and inform Westech so it can prepare itself and mining could have continued without any interruptions.
FIRCA does not seem to understand the risk involved in mining. Some of the workers could have died and their negligence frustrates us more.
Westech has recently been stopped from exporting gold because of unpaid tax issue.
The mine employs over 500 people and hopes to recruit more people within the next three months if all goes well.
Efforts to get comments from FIRCA chief executive Jitoko Tikolevu last night were unsuccessful.

One National News

FIRCA considers proposal to lift stop order on gold export
19 Feb 2008 00:49:48

The Fiji Islands Revenue and Customs Authority is now considering a proposal from Westech to lift the stop order placed on its gold exports.

Chief Executive, Jitoko Tikolevu says they're conducting checks on the mining company and will hold a meeting before the end of the week to find an amicable solution.

Earlier this month, FIRCA stopped Westech Gold from exporting gold over what was described as the mining company's non-compliance with a tax assessment..

And over the past 10 days both parties have been holding discussions without anu resolution..

FIRCA is now carrying out further checks on the company..

Not giving much away, Tikolevu says while export dollars are at stake the company can't avoid its tax obligations..

Westech Gold last year had paid out a sum of seven hundred and 50 thousand dollars to FIRCA after a garnishee order was issued...

No comments could be obtained from Westech's managing Director Brian Wesson.

Any idea's on when they might return.

No idea, sorry.

FIRCA gives thumbs up for gold export
21 FEB 2008
-------------------------------------------------------------------------------From Fiji Online

A major breakthrough between the Fiji Islands Revenue and Customs Authority and Westech Gold Limited was reached today.

And as a result the company has been given the go ahead to continue with their gold export without any direct interference by FIRCA.

In a joint statement by the two parties this afternoon, it was announced that the arrangements, which include certain without prejudice payments by Westech, will ensure that the Vatukoula mine can continue to export gold while the partys tax dispute is decided by the courts.

It was also decided that this outcome is in the best economic interest in the country and will ensure the successful operation of the mine, the preservation of employment and resulting economic activity for the Vatukoula/Tavua community.

The statement also said that Westechs tax affairs are confidential.

Accordingly, no further details on these arrangements will be released by either party. shipment of gold that was bound for the overseas market was stopped from leaving the country two weeks ago on the orders of FIRCA following an internal investigation on allegations of tax evasion by the company.

That sounds like the most sensible solution. There's no point in hindering the companies ability to make money if you want them to pay their bills.

FIRCA gives thumbs up for gold export
21 FEB 2008
-------------------------------------------------------------------------------From Fiji Online

A major breakthrough between the Fiji Islands Revenue and Customs Authority and Westech Gold Limited was reached today.

And as a result the company has been given the go ahead to continue with their gold export without any direct interference by FIRCA.

In a joint statement by the two parties this afternoon, it was announced that the arrangements, which include certain without prejudice payments by Westech, will ensure that the Vatukoula mine can continue to export gold while the partys tax dispute is decided by the courts.

It was also decided that this outcome is in the best economic interest in the country and will ensure the successful operation of the mine, the preservation of employment and resulting economic activity for the Vatukoula/Tavua community.

The statement also said that Westechs tax affairs are confidential.

Accordingly, no further details on these arrangements will be released by either party. shipment of gold that was bound for the overseas market was stopped from leaving the country two weeks ago on the orders of FIRCA following an internal investigation on allegations of tax evasion by the company.

FIRCA approves Westech exports
Saturday, February 23, 2008

WESTECH Mining Ltd and the Fiji Islands Revenue and Customs Authority (FIRCA) have signed a mutual agreement allowing the mining company to export its gold abroad.

FIRCA chief executive officer Jitoko Tikolevu said both parties came to a mutual agreement late Thursday evening.

Mr Tikolevu said FIRCA would be paid a certain amount as part of the agreement.

However, he would not disclose the amount in taxes that WESTECH was to have paid up.

Operations at Vatukoula gold mine came to a halt in August last year after previous owners, Emperor Gold Mining decided to sell.

New owners Westech Gold could only begin full operations after they paid $750,000 owed to FIRCA, after which a garnishee order was lifted from their accounts.

Meanwhile, Westech chief executive officer Brian Wesson confirmed an agreement had been reached between both parties.

He said gold exports by Westech would not be stopped following the agreement between both parties.

"If we did not get it out today (yesterday) then I think we would get it out by Monday," he said.

"We had about 150 people waiting to be re-employed after the talks. These people were put off for a short while because things were at a standstill."

All sounds good I don't mind waiting for the relist and will be holding long term.

The past year has been a very significant one for River Diamonds. We began the
year as a small diamond exploration and development company and ended the year
with the Company well advanced to becoming a mid-cap gold mining company. Our
change in focus to a more diversified mining and exploration company has been
driven by our goal to secure a near production or producing asset

Gold production back on line
Last updated 3/1/2008 9:37:48 AM

Westech Gold Fiji Limited the new owner of the Vatukoula gold mine this week shipped out 504 ounces of gold.
Westech boss Brian Wesson confirmed this to Sunbiz. He said they had continued with business operations since sorting its tax issues with the Fiji Islands Revenue and Customs Authority.
He said they managed to complete maintenance work on one mining plants.
The company had been working on the plant since 2006. "This plant allows us to bring rock to the surface and allow the miners to extract gold from these rocks, so we have been mining from these little rocks," he said.
However, recruitment is on hold. Mr Wesson said they had to concentrate on other issues.
"We haven't been able to take in more people but we're working on this. 150 people have been told that they will be getting employed but we haven't been able to officially inform them. We hope to sort out some issues before we can recruit more people."
Meanwhile, Westech committed $500,000 to its exploration project in Tuvatu Sabeto.
Mr Wesson confirmed exploration work would begin soon.
"We're moving ahead with this project but we still have to recruit for it. We're still looking for geologists and people to join our recruitment team."
The money used to prepare the mine was provided by financiers, Red Lions and River Diamonds of London.
The company will also be paying out $1.5 million of rehabilitation fund later this month.

Does yesterdays RNS stating that trading in the new shares starts on Friday 07.03.08 mean, that, this is when RVD returns to the market?

oilyrag
Yes it looks thet way Fri it is then.

THATS NICE IF ITS BEING REISTATATED WONT BE THAT AMMOUNT MISSING FROM TOTAL.

Update on the Panguma Diamond Project in Sierra Leone

http://moneyam.uk-wire.com/cgi-bin/articles/200803060701304804P.html

River Diamonds Close To Finalising Fiji Deal


By Rob Davies



Dealing with six lawyers in various continents and countries, as they work to finalise a 300 page re-admission document, would surely dishearten many men. To Colin Orr-Ewing, executive chairman of River Diamonds, its all in a days work. In fact he was relaxed enough last week to take off for a weekends skiing after announcing the final details of the deal alongside his annual results. As his companys shares are suspended pending submission of the re-admission document theres not a lot else he can do right now. However, he was able to give Minews time and to provide a summary of how the deal is progressing.
All being well the document will be submitted next week, allowing the shares to start trading again. They were suspended at 4.5p in late November but the company subsequently raised 4.7m through a placing at 6p, ten days before Christmas. Quite what the price will be when the 1,660 m shares become available for trading next week will be interesting to watch.

The reason for the suspension and issuance of new shares is the completion of the acquisition of the Vatukoula gold mine in Fiji, an acquisition which has been underway for some time. In recent years it has had a chequered history, but River director David Lenigas used to be the managing director of Vatukoula back in the early nineties when Western Mining had an interest in it, so Mr Orr-Ewing is under no illusions. Its a high cost mine, for a start. Mr Orr-Ewings estimate is about US$450 an ounce production cost. Even so, with gold heading for the US$1,000 an ounce level that still leaves a healthy margin.

The ability to use the experience of Mr Lenigas will be vital in maximising the value of the resource, which is not small. Vatukoula has a JORC resource of 4.8 million ounces and a reserve of 823,000 ounces. The plan is to achieve production of 27,000 ounces by the end of June this year before working up to 100,000 ounces or maybe 110,000 ounces a year average production. At the moment only three or four stopes are developed and in this kind of small-scale - almost hand mining - operation about a dozen stopes are required to maintain a steady feed to the mill. So far the company has spent 2.5m on recommissioning and has another 2m to still spend. One of the major items needing attention is the crusher and Mr Orr-Ewing admits that a lot of the plant looks a bit tired.

Despite that he feels the mine will turn a profit for three reasons - in addition to the higher gold price. The previous operator had a payroll of 2,000 whereas Mr Orr-Ewings plan is to use only 700. Moreover, the mine was hampered in the past by forward sales that resulted in margin calls as the price went up. Finally, the old manager was reluctant to go underground after a traumatic incident in another mine, which severely limited his ability to run the operation. Mining at Vatukoula is not made any easier by the high underground temperatures. After all it is located in a 2 million year old volcano which is still cooling down. Mine water has a temperature of about 80o C and the mine needs to be cooled by the use of an oil fired system. With oil prices at over US$100 a barrel that doesnt help costs. While Mr Orr-Ewing admits it is hot and humid underground he points out that most mines are uncomfortable places. Something which few people involved in mining would disagree with.

A final factor to bear in mind with this operation is that Fiji is run by a military government after a coup in December 2006. While that does have some impact on aid funding Mr Orr-Ewing does not think it is a major issue. More important to him is that the mine has its own rugger pitch, with a stand.

Govt to support Vatukoula community
12 MAR 2008

"Fijis interim Government says it will continue to support the Vatukoula community until Westech Gold Mines becomes fully operational.

A Cabinet meeting yesterday endorsed supporting initiatives via multi-agency coordination to assist the Vatukoula community and the mining industry.

Minister for Lands, Mineral Resources and Environment Netani Sukanaivalu told Cabinet
yesterday that Westech has demonstrated a commitment to bringing the mine to production proper as per the obligations as mining lease holders, under the Mining Act, through activities deemed to be prerequisite to actual mine production.

He said that to facilitate achievement of production targets, Westech has recruited around 530 employees to date, in a number of areas including mining.

However during tripartite meetings between Government, Westech, and the community, it is also quite clear that Westech at this stage cannot be recruiting all the workers, he pointed out.

As a result, Government will continue its assistance through the Vatukoula Trust Fund as required under the Deed.

He said that to enable the funds to be channelled to the community, a Board of Trustees is to be constituted in accordance to the Vatukoula Trust Fund Deed.

This board will consist of three government representatives, and a representative each of former employees, the Westech Company, and the community.

The Minister said that to facilitate much-needed assistance to the needy, Government will coordinate its activities and pool its resources amongst ministries to ensure the Vatukoula community can find alternative sources of livelihood and basic essentials such as housing, education and water supply and food security."

.

River Diamonds shares rsume trading
AFX


LONDON (Thomson Financial) - River Diamonds PLC said its shares have resumed trading on AIM after it published documents for its previously announced acquisition of the remaining 80 pct stake in Viso Gero International Inc (VGI).

In December 2007, the diamond exploration company said it signed an agreement to acquire Emperor Gold Mine through a series of acquisitions which constituted a reverse takeover.

The company said it will pay 2.1 mln aud in cash and issue about 478 mln shares at 6 pence each, taking the total purchase price to 29.56 mln stg.

VGI in turn will acquire the remaining 6 pct of Westech Gold Pty Ltd.

Following the acquisitions, River Diamonds will own 100 pct of VGI, and will indirectly, through Westech and its indirect subsidiaries, hold a 100 pct interest in the Emperor Gold Mine.

Colin Orr-Ewing, Chairman of River Diamonds commented, 'The acquisition of the
Vatukuola Mine provides River Diamonds with the opportunity to bring this
historic gold mine back to profitability at a time of high prevailing gold
prices. We believe this will bring benefits not only to River Diamonds'
shareholders, but also to the Fijian Government, the employees at the mine and
the people of Fiji.'

With gold at an all time record high of around $1,000 an ounce, this stock must be a licence to print money! Or am i missing something.
Good luck all.

Mt
I agree still holding.

Are all trades being routed to dealers today, as I find it hard to believe the weight of selling against purchases. Come the end of the day I wonder if this trend will suddenly be reversed, as I have seen similar tactics employed by mm's before, in only reporting what they want to give a false impression.

I think this is the something i may have missed! Holding off for now.

http://www.fijitimes.com/print.aspx?id=83871

This is starting to look cheap gold prices could go to $1500 there's plenty of Gold in that there mine.

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

Some big buyers coming in 1m+ should now see a steady rise up to the 6p placing price and beyond.

Another big buy at the end 6m 250000

Nice little dip on Thursday so i took a small long-term position.

http:www.fijilive.com/news_new/index.php/news/show_news/3046

Good luck all.

River Diamonds PLC
31 March 2008



River Diamonds PLC

('River Diamonds' or 'the Company')



Result of General Meeting


Further to the announcement on 13 March 2008, the Company is pleased to announce
the resolution relating to its acquisition of the 80% of the share capital of
Viso Gero International, Inc. not already held by the Company was passed by
shareholders today.



It is expected that Re-Admission of the Enlarged Group will become effective and
dealings in the Enlarged Group's shares will commence on AIM on 1 April 2008.



Enquiries:

River Diamonds PLC
01 April 2008

1 April 2008

River Diamonds PLC
('River Diamonds' or 'the Company')

First Day of Dealings


River Diamonds plc is pleased to announce the first day of dealings in the
shares of the Enlarged Group on the AIM Market of the London Stock Exchange
following the passing on 31 March 2008 of the resolution relating to its
acquisition of the 80% of the share capital of Viso Gero International, Inc. not
already held by the Company.

TRANSACTION HIGHLIGHTS

Acquisition gives the Company 100% ownership of the Vatukoula Gold Mine in
Fiji
River Diamonds has raised gross proceeds of 4,669,000 following a placing
at 6p per share
John Stalker and Neil Herbert have been appointed as non executive
directors of the Company with effect from today (further details of these
appointments have been given in the Re-Admission document published by the
Company on 13 March 2008)

ADMISSION STATISTICS

Number of Existing Ordinary Shares 1,104,705,388
Number of Placed Shares 77,816,666
Number of Consideration Shares 477,633,333
Number of Arrangement Fee Shares 25,000,000
Number of Retained Consideration Shares 334,343,333
Enlarged Share Capital following Re-Admission 1,685,155,387
Consideration Shares as a % of Enlarged Share Capital 28.34%
New Ordinary Shares as a % of Enlarged Share Capital 34.44%

Colin Orr-Ewing, Chairman of River Diamonds commented, 'We are delighted to have
completed the transaction and now look forward to bringing the Vatukoula Gold
Mine back to full production and profitability.'

In this mornings D/t in there business pages( page b10)
In the data base @ the side there is mention of them pouring there Fst gold since the mine was placed into care back in 2006 In Fiji.It has poured there fst gold totaling 641ounces .

With 2 x 12,000,000 share purchases just gone through, the price should tick up, unless there is more to come.

River Diamonds NOW VATUKOULA GOLD (VGM)

http://www.moneyam.com/quote/index.php?epic=VGM