Thanks Cezary
KimCors market capitalisation at the placing price of 15p per share is 9.52 million.

HIGHLIGHTS

Strong asset base:
-The group owns and operates the Bellsbank project (Bellsbank), a diamond dump reclamation project, and also holds a 49% interest (increasable to 74% following the issue of a mining licence) in Van Zoelens (Van Zoelens), a kimberlite and alluvial exploration project.
-Bellsbank is already revenue generating and producing diamonds which are being sold on the open market. The directors expect production to be increased to up to 50,000 carats per annum following the construction of a full - scale processing plant in Q3 2006. Independent experts, AMEC, have estimated Bellsbank to have an Indicated and Inferred Resource of 287,145 carats.
-Van Zoelens, located close to Bellsbank, contains one proven kimberlite pipe and other pipe like and alluvial targets that have been identified and are ready for evaluation and, subject to the results of future exploration may provide an opportunity to add to Bellsbank diamond production and sales without recourse to a lengthy exploration programme.
-KimCors strategy is to build the group into a substantial diamond mining and exploration business through the development of their existing projects and through the acquisition of additional properties with emphasis on low cost dump projects, diamondiferous kimberlite pipes and low risk advanced exploration projects and country diversification.
-The net proceeds of the placing will be used to construct and commission a new diamond recovery processing plant at Bellsbank, to accelerate its exploration programme at Van Zoelens, to provide working capital and to investigate potential acquisition opportunities.


Web site: http://www.kimcordiamonds.com

The application of Kimcors IPO proceeds appears to have been wisely considered. For a total capital investment of just 1.2m the company will have a full
scale production plant at Bellsbank and have covered the expenses of a detailed exploration programme of an interesting prospect (Van Zoelens) in one of the
worlds richest diamond producing areas. Bellsbank alone with a projected NPV of US$17.5m supports the 9.5m valuation. Furthermore the company will
have approximately 1.5m in non assigned cash post the IPO. Key drivers for the share price in the short to medium term will be exploration updates from Van
Zoelens and the completion of the plant build/early production statistics from Bellsbank. The house brokers have prepared a peer group analysis using
21st December 2005 market prices. Based on Market Cap/in situ value of diamonds the lack of production record at Bellsbank appears to be factored into the
relatively cheap valuation. Kimcor is valued at 11.1% of its in situ value compared to an average of 30.5%.
Some of the noteable comparators are Petra Diamonds at 28.9%, Firestone Diamonds at 37.4%, BDI Mining at 27.8%, Southern Era at 6.4% and
European Diamonds at 30.6%.

AIM Admission Document http://www.kimcordiamonds.com/docs/KimCorAdmission.pdf

Now that the 2nd tranche has entered the market is it time to buy with news of diamond sales expected shortly? Is this the last chance to buy at 8.8p? I'm not holding at the moment but in my opinion this is a buy. See if I am right.

Nice thread veludo, can you tell me why dwy and kim are so different? tia.

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kim and dwy, lol!!!!, no wonder I didn't get a reply.

Some great news out this morning - when the implications sink in! I will be adding if I get chance.

Kimcor Diamonds Acquisition of Tailing Dumps

RNS Number:3247G
KimCor Diamonds plc
25 October 2007



KIMCOR DIAMONDS PLC
("KimCor" or the "Company")

ACQUISITION OF KIMBERLEY TAILING DUMPS

The Board of KimCor, the mid-tier diamond producer, is pleased to announce that
its subsidiary Superkolong (PTY) Limited ("Superkolong") is acquiring a 26.4 per
cent share of diamondiferous tailing mineral resources (TMRs) in Kimberley,
South Africa, from De Beers Consolidated Mines Limited ("De Beers").

Highlights

* Superkolong's 26.4 per cent interest totals 15.45 million tonnes of
TMRs;

* Superkolong will process the TMRs through its existing SMI4 plant. As a
result it will not need new processing infrastructure while the project life
will be extended by 10 years;

* KimCor will gain management control over the resource, which will
significantly improve the economics of the project;

* Based on historical production and sales information, KimCor expects
annual sales of 108,000 carats from the Superkolong TMRs;

* At an average sale price of US$60 per carat once full production is
commenced, project gross annual revenues would be in excess of US$6.4
million;

* The new resource has an estimated in-situ value of approximately US$57.2
million; and

* The Superkolong share of the TMRs was purchased for a consideration of
approximately #195,000.

KimCor will be entitled to 70% of revenue from diamond sales from the
Superkolong TMRs, the balance accruing to the Group's Empowerment Partner. The
Company will also benefit from the combined effect of the removal of handling
fees on diamond production and the ability to revert to in-house sorting and
sales. This is expected to result in an estimated immediate uplift in sales
value of approximately US$6.0 per carat.

Background to the Acquisition

Superkolong is acquiring the TMRs as a result of its 26.4 per cent interest in
Nungu Trading 740 (Proprietary) Limited (to be renamed The Small Miners Forum
Kimberley (Proprietary) Limited) ("SMF"). SMF has entered into a Sale of Assets
Agreement ("SAA") with De Beers to purchase the TMRs.

In addition to the cash purchase price for the assets, Superkolong has committed
to an EMP which will cost the Group #495,000 over the life of the project and is
sufficient to ensure environmental rehabilitation is completed to the high
standards maintained by De Beers.

SMF and Superkolong will complete ownership of the TMRs once all required
authorisations are received from the South African authorities.
The acquisition is conditional upon the following:

(i) issue of approval of sale of assets by the Competition Authorities;

(ii) issue of a Diamond Dealers Licence to permit the sale of diamond
production; and

(iii) compliance with the Environmental Management Programme ("EMP") designed
and approved by De Beers.

Martyn Churchouse, Chief Executive of KimCor commented "The asset sale by De
Beers will ensure the continued growth of mining programmes in the Kimberley
region and will benefit Superkolong and its empowerment partner. On the basis
that the assets provide a minimum additional 10 years of mine life for the SMI4
operation, KimCor will invest funds in a capital project to increase the plant
capacity to generate a minimum of 108,000 carats per year.

"The combination of the increased production from SMI4 together with production
from our existing mines underpins the Group's annual production target of
200,000 carats per annum. We have a highly skilled team managing the project,
with a wealth of experience processing this resource type and now have an
opportunity to consolidate our position as a leading exponent of tailing mineral
resource reprocessing".

---ENDS---