This is a very exciting company with bags of potential IMHO. The tie-up with De Beers and the amount of their Mopipi site as of yet unexplored means that, if they're lucky, this company could really be going places. De Beers lend some credibility to their work and although the sp has been impressive of late I believe there could be a lot more to come. I would be interested in the views of others on this one.

Queen1,

Yes I have topped up my holding, hoping to able to top up again before the awaited news arrives.


Mike,

Thanks, address noted!

Why the fall in the price today?

...not much reason in particular, I think; just some more selling.
...apart from my having added the other day :(
...I'm not paying it much attention, personally

aldwick,

Good question, I have no idea, second 3p fall in two days, maybe Bonte Koe startup not going too well?

Edit

Actually, looking at the recent trades, there appears to be consistent private investor selling, nothing too large, but certainly fairly consistent selling.

Maybe some T traders bailing as news not yet arrived?

Added a few sub 88p

Mike, you're a braver man than me. Am getting quite jittery about the falls now. In your post of the 9th you seemed pretty chilled about the initial drop and now you're topping up. Why the confidence if you don't mind me asking?

queen1 - my post of the 9th - chilled? - no, just laid back about it.
After today's good news of 7 new licences in good areas, with initial mark-up pushed back down, I think the MMs are still taking the piss a little. One could argue this fall is merely 'selling of the fact', but I think its the wrong fact. Upside even better now (de Beers footing the pre-BFS bill on the extra Mopipi area as well, eg.), more news still in the pipeline.
Of course, I may be wrong, but I'm happy to hold, may add, but would be good if it stabilised a bit again first.

Thanks - will be watching and waiting with you!

Mike,

I agree, some potentially teriffic news today!

FDI have virtually surrounded the largest diamond mine in the world, Jwaneng, with exploration projects!

All the licences are in the proximity of the richest two diamond mines in the world, Jwaneng and Orapa, so surely they have an excellent chance of hitting a kimberlite or two sooner or later?

I found today's news reassuring after the recent fall, and FDI is looking better and better for a longer term hold IMHO. I like the link with De Beers, it adds credibility IMHO.

Absolutely Andy but another small tick down today. Does the market not think FDI credible in the long run, given the potential that you've so ably described?

queen1,

Who's to say if there's not a little tree shaking going on here?

I honestly don't know why the price is down, but don't expect it to be for long, results and initial Bonte Koe news due soon.

Looking at the recent trades, there were a lot of small private investor sells, volume wasn't great, so this will hopefully turn out to be a short term trend, rather than bad news.

I think value will out here in the longer term, FDI is for investing rather than trading IMHO.

That's good to hear as I'm in for at least the medium haul. However, still get this sinking feeling that I bought in too late - damn! Hoping to be wrong!!

Sold all but my profits from last week's buy.
That was a useful little excursion. Hopefully it means nothing, but I'm happy enough to be back down to my earlier shareholding for a while.

Mike,

Nice piece of trading!


queen1,

I hope you're wrong too!

Personally, I feel there's superb petential here, but as always with exploration stocks, we are awaiting news, which in FDI's case, may well be forthcoming in the not too distant future!

Minestart at Bonte Koe must surely have happened now? What we need to know is the grades and price per carat achieved, in order to assess their value to FDI's bottom line.

Guys, much better day today. Feels very uplifting and fingers crossed for more of the same upwards motion tomorrow! Thanks both for your posts to date. Other threads and shares seem to be more fashionable but if this one keeps going......

Long been a fan of this company and recently topped up my shareholding before they went mad (hindsight is a wonderful thing). Tons of potential with all the exploration licenses they have and also the JV with De Beers is very exciting. My trouble with this share is trying to gauge the true economic value of the intangible assets to come up with a realistic share valuation. Anyone any ideas ?

Up again, through 100p - excellent - and I'm not complaining - got enough here for now, and cash from yesterday's sale is performing better elsewhere at the mo' (eg. ADN, LDN and OYS, fingers crossed).
Thnx Andy.

queen1,

Agreed, I prefer less "fashionable" (noisy) threads, where the shareprice is rising!

Good to see FDI held the 100p mark, hopefully building a base at this level, we just need the Bonte Koe news now.

Two new joint venture agreements with De Beers but little movement in the SP. When is this going to take off again?

queen1,

"take off again"?

I have pasted the chart for the last year below, it looks ok to me!
Give me a steady rise over a vertical climb any day, because IMHO it's more sustainable.



I have only read today's RNS briefly, but can see only good news contained within, and further JV's with De Beers are the icing on the cake, surely?

Once I have read the RNS more thoroughly, I will post some highlights here to discuss.