yep they reckon the finnish diamond find will propel EPD to 400p- well thats the price target with the buy note they ve just released!!
I'm in for tomorrows press comment!

www.numiscorp.com

Some agm comments from advfn bb.......

I agree with other posters- the agm was good.
Unlike some agm's i have been to, the directors were not rushing off elsewhere
so there was plenty of opportunity to ask questions after the meeting.
Some points that particularly encouraged me:-

- Lesotho satellite pipe will produce diamonds that will be auctioned in the
current financial year.

-All estimates for the satellite pipe are conservative and there is plenty of
scope for some very pleasant surprises.

-The main pipe is likely to eventually be a lot more profitable than the
satellite pipe.

-Lesotho's satellite pipe should pay for itself in just over a year.

-The lesotho project is very comfortably profitable at the current level of
the Rand.

-Lentira is still very very promising.

-The main pipe was described as a company maker by Mr Williams, however,
Mr Spencer still believes that it's Finland where the real future of EPD lies.
Theres something huge out there and he means to find it.

Given Mr Spencers track record to date i wouldn't bet against it......

Dibbles,

thanks for that, good to see people that went were impressed, i've just printed off the recent results PDF to have a closer look.

Someone on other bb mentioned today that epd are taking fund managers out to
lesotho in jan/feb to show them diamonds coming out of the ground....
Don't know if this was from agm but would make sense as they have previously
visited Finland and two well respected fund managers have recently had a nibble.

it is just asking for a re-rating northwards, bought again today and waiting for a hike in price

I hold these, and am reasoably confident they will reward us in time, although the exact timetable may be subject to some slippage I think.

A fund manager visit would be positive I would have thought, as they're hardly likely to take them out there if there's nothing to see.

I think the 40p placing really peeved the market, and until they prove themselves, EPD will idle at this price.

I feel this may not take too long!!!

A bit of life at last......
doesn't seem to be a particular reason but good volume on no news......
i wonder where it will go when the newsflow starts......
Chairman at recent agm suggested their could be plenty of news/pleasant surprises to come.....
Heres hoping he's right and a happy and prosperous new year to all holders...

Looking good so far...........
anyone care to guess where it will go at minestart.....

take off this morning, however note the profit takers are already in there - this is what was expected but no news as yet, have the fund managers finally seen some diamonds ? This has much further to go.

Terrific rise this morning, and maybe the start of the anticipated rerating due to imminent mine stratup in Lesotho?

Profit taking to be expected, but i would rather be a buyer then seller at the moment, short term prospects look good here IMHO.

Would anyone prefer a new thread with a decent thread title appropriate to the share name, and header including chart and links to EPD website? I am happy to create if people wish.

An example can be found here;

http://www.moneyam.com/InvestorsRoom/ShowPostList?fID=1&tID=4333

Does anyone have a realistic target on this for the medium term?

philfolio,

On other bb's, some are of the opinion 73p, whereas other seem to think it may even make 100p.

My guess is somewhere imbetween, PROVIDED that minestart is more or less on schedule, as the anticipation may well cause the price to overshoot initially, and then retrace once the anticipation becomes fact.

I have started a new thread with more information on the header here;

http://www.moneyam.com/InvestorsRoom/ShowPostList?fID=1&tID=4407