See www.riverdiamonds.co.uk !!!

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.