Shares has highlighted the clumsy arrangements.......crushing a large diamond and finding others that were more-valuable than originally thought....Oh deary.

However this pales into insignificance compared with the June Placing of 40m shares of 5p - what is NOT clear from the RNS is what price they achieved for these 5p shares - was it 5p ( and they are not saying), or was it 10p mentioned earlier......the difference is a huge amount and I think shareholders would like to know why they are not saying.
(please also come clean as to the costs, for this shabby funding. Er, by all accounts).
Kopane isn't looking much better that the European Diamonds it started out as - a pretty stupid name, considering most diamonds are found outside Europe...eh?
As always DYOR......all IMHO.
Kopane sounds like some form of glass - - - - where do they find their Advisors?

watcher - you are welcome - i'm long term kdd as you say predicted success will happen here - gl

i get the impression the company are frustrated that the chance to get on with things is a slower than they would have wished pace wise.....however doing the right thing by way of hooking up with the right partner is best all round... i can wait to see what happens when the T's get crossed and I's get dotted....and the power issue is overcome.....and see where we are then.......another factor of course is the price of diamonds......and knowing they have a good collection to mine is a warming perception.....

watcher -once done i would expect iro 30p +

yep i read somewhere......it could be 35p......no calculator......just patients....

exactly...

just a thought anyone done much research on finnish jv? could be more there than we realise - so far my main interest has been main & sattelite pipes plus the old bonanza diamonds in abundance: finnish jv project: mantle diamonds ltd joint venture kopane has signed a definitive jvgreement with mantle diamonds ltd joint under which, mantle will acquire up to 70% of the finnish assets by: spending $5 million on exploration and evaluation of the properties; concluding a definitive feasibility study on the lahtojoki project; issuing kopane with 2 million of mantle shares.

timing is everything....take over on the table....see what occurs now

OFFER MADE FOR KOPANE

RNS Number : 9685G

Kopane Diamond Developments PLC

10 February 2010





Not for release, publication or distribution (in whole or in part) in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. KOPANE DIAMOND DEVELOPMENTS Plc ("Kopane" or the "Company") ANNOUNCEMENT 10 February 2010 TALKS REGARDING POSSIBLE OFFER FOR THE COMPANY The Board of Directors of Kopane announces that it is in discussions which may or may not lead to an offer being made for the entire issued and to be issued share capital of Kopane. The discussions are at a preliminary stage and there can be no certainty that an offer will be made for Kopane or as to the terms on which any offer would be made. In these circumstances the discussions, regarding the co-development of the Company's Liqhobong kimberlite asset, pursuant to the non-binding MOU announced on 26 January 2010, are being put on hold. A further announcement will be made if and when appropriate. In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), the Company confirms that it has 301,511,651 ordinary shares of 1 pence each in issue and admitted to trading on the AIM market of the London Stock Exchange under the UK ISIN code GB0002998978.

For further information contact: Kopane Diamond Developments Plc Frank Scolaro, Chairman James Cable, Finance Director +44 (0) 20 7963 9590 FinnCap Matthew Robinson/Ed Frisby +44 (0) 20 7600 1658 e-mail: ir@kopanediamonds.com website: www.kopanediamonds.com

Threadneedle Communications Laurence Read/Beth Harris +44 (0) 207 653 9855

Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Code, if any person is, or becomes "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of Kopane, all "dealings" in any "relevant securities" of Kopane (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 p.m. (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of Kopane they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of Ko

Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Code, if any person is, or becomes "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of Kopane, all "dealings" in any "relevant securities" of Kopane (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 p.m. (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of Kopane they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of Ko

have to atch what happens here now.....don't get to excited till the details are made public.....expect a bounce over the next week or so.....rumour and hype to get the s.p. up

thanks again gibby

agreed - but remember before kdd knew what they had eg $2.7B diamonds kdd turned down an offer of 17p / share so it has to be more than that - i reckon it will be in the 30p+ plus range imo - gl - sure to bounce - and good end to the day

this is said t/o company according to the guardian:

http://www.transhex.co.za/investors-and-media/financial-reports/latest

Fom another bb:

'Finally, I think this RNS is real, too much press coverage, too many rumors flying around. Talk to a guy at one of the Big 4 that works in investment banking and he tells me there is plenty of talk about this share among his peers. He also said he has heard from good sources the T/O bid stands at 22p. So, lets see if the potential JV partner wants to take part in the bidding game.

=================

* Offer could be pitched as high as 22 pence/share - source

* Offer would be mix of cash and shares - source



(Adds details, background)

By Matt Scuffham

Feb 10 (Reuters) - British diamond explorer Kopane Diamond Developments has received an approach from a rival AIM-listed miner over a possible bid for the company, sources familiar with the matter told Reuters on Wednesday.

One source told Reuters that Kopane had received an indicative approach over a possible cash-and-shares offer worth 22 pence per share, valuing the business at around 65 million pounds ($102 million), an 85 percent premium to the company's closing share price on Tuesday.

Earlier, Kopane said in a statement it was in 'preliminary' discussions over a possible offer for the company.

Kopane declined to comment on the details of the approach or identity of the bidder.

In January, Kopane said it had signed a non-binding Memorandum of Understanding

(MoU) with an unnamed mining company over the possible co-development of a project in Lesotho which has the potential to produce one million carats a year, as it seeks to become a major diamond producer.

The source who named the price told Reuters on Wednesday that the company involved in the MoU was not the potential bidder.

However, the source added that the offer approach had been pitched at a generous premium to discourage the company involved in discussions over the Lesotho asset from making a rival bid for Kopane.

Shares in Kopane closed at 14.5 pence on Wednesday, up 23 percent, valuing the business at 44 million pounds.

http://www.nytimes.com/reuters/2010/02/10/business/business-uk-kopane.html?_r=1

from another bb

'post 745 from the sir beeks thread 26.1.10 competitor

http://af.reuters.com/article/investingNews/idAFJOE60P09H20100126

Quote

"This values the deal at about 40 pence per share," a dealer said on Tuesday.

FinnCap said it will retain its 24 pence share valuation until the deal is binding.

End of quote

I believe 40p is calculated because the jv would pay 80% costs

So surely if there is an offer it has to be of higher value than the MOU ???'

no doubt things will be made clear...... in the mean time lets just watch this climb on rumour and speculation......which i don't mind at all

just took some time to scan other boards/sites and an interesting angle being the flavour of the week is......no relating news has been reported by the buyout company.....so who is it......and the possibility of a bidding war......more to follow no doubt

indeed i am very sure it will become clear reasonably soon - gl

not sure on the time frame of these types of thing.....are there guidelines or rules for a period before a formal offer has to be made......incase others are considering the same buyout option....wishful thinking of course

any reply appreciated

timelines? LOL LOL
well yes amazingly - see below & gl:-

Courtesy of Investor's Chronicle, regarding Takeovers:

Takeovers involving UK domicile companies are overseen by the Takeover Panel.

The first step is that a company enters an 'offer period' - that is, it discloses it has received an approach which may result in a bona fide bid. Being in an offer period restricts what a company may do, since certain 'frustrating actions' such as issuing lots of new shares make a takeover more difficult to enact.

Once the terms of a bid have been formally announced, the next step is the dispatch of the offer document. This event is what starts the 'bid clock' and normally happens within 28 days after the bid announcement.

Day 21 is usually the first closing date, while day 39 is the last day on which a target company may publish price-sensitive information, and day 46 is the last day on which a bidder may revise its terms.

If a rival bidder emerges the 'clock' is reset when the second bidder posts its offer document.

A takeover offer effectively succeeds when all its conditions are met, and this usually happens by day 60.

If the bidder acquires more than 75% of the shares it can delist the target. If it acquires more than 90%, it can forcibly acquire the remaining 10%

Many takeovers are now structured as schemes of arrangement, because they're quicker to complete.

Under these the target effectively cancels its share capital by agreement with its own shareholders, and issues new shares to the bidder.

thank you gibby......