Firestone Diamonds plc is a UK-based international diamond mining and exploration company with operations in the Namaqualand region of South Africa and Botswana. Namaqualand, which is located on the west coast of South Africa, has been one of the world's largest alluvial diamond producing regions for the past 60 years, with total production to date estimated to be worth more than $3 billion. Botswana is the world's largest producer of diamonds by value, with annual production of over 20 million carats worth over $1.6 billion.

Firestones strategy has been to build a portfolio comprising advanced development and production projects to provide sustainable cash flow to fund ongoing exploration programmes and to provide an early return on investment, together with large scale exploration projects which have the potential to yield significant reserves of gem quality diamonds.

The company operates the Avontuur Mine and the Oena Mine of Namaqualand, which produces high quality alluvial diamonds, and has a growing portfolio of advanced and early stage exploration projects in known diamond producing areas in Namaqualand and Botswana.



Since 1996 the company has increased reserves and resources more than thirty two times from 34,000 carats to over 1.1 million carats at present, with an estimated gross value of approximately 260 million. Firestone is debt free and well funded and has a highly qualified management team with extensive experience in the financing and development of diamond and other natural resource projects. Firestone is quoted on the Alternative Investment Market (AIM) of the London Stock Exchange and trades under the symbol FDI.L.

Firestone also has an exploration project in the USA.



Main Mining Pit, Avontuur Mine, Namaqualand, South Africa.






For FDI Corporate information : http://www.firestonediamonds.com/frcorporate.htm

For FDI homepage : http://www.firestonediamonds.com/index.htm

Firestone Dimaonds shares in issue: 65m 20p Ords

Firestone Diamonds PLC - Major Shareholders

Major Shareholders ---- Amount --- % Holding
Elfin Trust Company Ltd 7,200,000 16.68
Aurora Investment Trust 7,200,000 16.68
Gartmore Investment Mgt 5,418,116 12.56

Likewise Andy, I cannot make it but greatful to you for bringing this to our attention. Have a good meeting

Andy, have just registered, see you tomorrow. Thanks for posting the link.

Ray A,

Look forward to seeing you!

Nice pick up in momentum today.

http://momentum-trader.co.uk

bill,

And again today!

I think this is the build up before the anticipated news releases, as they have presented to city institutions last week, and retail investors at proactive recently.

looking healthy to me!

Yes, a good day today. Perhaps the 200p barrier will be broken this side of summer :-)

queen1,

Or even sooner :-)

Online dealing is difficult this morning, have to phone for size.

The recent city presentations look to have been well recieved!

It's possible we could have two or three news releases within the next two months, possibly sooner, IMO.

GLTA.

GLTA?

First ever trades in FDI over 2 today!

Not sure why we are over 12% up, but we have several potential news items due, so maybe some good news is on the way?

GLTA.

Ah, the penny's just dropped: GLTA - Good Luck To All!

This is the highest FDI has been since I've been in. Gutted I had to sell some a couple of months back but still have a small holding.

Hopefully the sp will now rebase around these levels and then forward and upwards. More or less doubling my investment but, I will stay with them since co. is developing well.

VGLTA.

queen1,

Glad you're still in, not sure about the rise, hopefully good news on the way.


Gus,

I agre, by virtue of their multiple projects, FDI have been transformed , and are well worth staying the course whilst they drill the better prospects IMO.

Andy,

Topped up yesterday after recent SP dip, surely, BK11 bulk sampling results must be just around the corner?

Ray A,

I believe they are checking the bulk sample results for Bk11, before they can release the result.

I expect a couple of pieces of news by the end of Q2, but there's always a delay!

Andy,

Topped up once more today, Q2 end getting nearer and trust we have not too long to wait for that expected RNS. again, GLTA!

Ray A,

Let's hope not, the delay is certainly frustrating, and most people expected an announcement by now.

It sems strange to have this gap after their institutional tour of a month or so ago.

It has always been Q2. I asked PK at one of those presentations if it might be before June. He replied 'before the end of Q2' even though the hosts were pushing before end of May.
PK has just returned from a two-week holiday. He was not expecting anything too early then. I doubt it will be be anywhere as far away as 30/6, more like half-way imo, and perhaps before.

Up,

Exactly, I agree.

However, this HAS slipped, and I can assure you that at Diamond Day, in February, they were not saying end of June!

IMO they need to update their timetable to reflect the current situation.

Well if he's just had a nice break he's had time to get things sorted so maybe it might even be next week! Bit of buying today....

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