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

London Meeting this week!

The directors of Caza Oil & Gas (AIM, TSX: CAZA), Firestone Diamonds (AIM: FDI), Rocky Mountain Resources (TSX-V: RKY) and Equatorial Palm Oil (AIM: PAL) will be presenting this Thursday the 26th August 2010 at the Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB.

The presentations will start at 6:00pm and finish at approx 8.00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception.

FREE registration - http://www.proactiveinvestors.co.uk/eventregistration.php

Andy

I bought PAL about 2 months ago , are you in these ? sold my FDI at a loss shortly after buying. now holding CEY , KYS , MML and BEM.

aldwickk,

No not in PAL.

I have sold out of FDI completely now too, too many let downs to prolong the agony of holding any further!

My only AIM stock is MML, my others are in Canada.

Click here for last night's interview with Phil Kenny

Click here for last night's presentation

From the "UPS"

KEEP an EYE

FDI 28.25 / 29p
Reason : On the move up with volume for the last couple days. Ready for a BREAKOUT on positive data from the MA 20 days crossing 50 days. Expected news regarding BK11 production.

A chance to speak to Phil Kenny directly!

The directors of Metminco (ASX, AIM: MNC), Firestone Diamonds (AIM: FDI), Lansdowne Oil & Gas (AIM: LOGP) and Auzex Resources (ASX: AZX) will be presenting on: * Wednesday the 1st June 2011 *

Venue: Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception.

REGISTER YOUR ATTENDANCE HERE: http://www.proactiveinvestors.co.uk/register/event_details/113

i was in here from kdd days sold around 30p - why is fdi reversing - dont mind as i want back in - are the sattelites up and running yet - electric laid on seem to remember delays there or some sort of contingency plan in progress?

Andy,
That's a blow as we will be on holiday in Dorset - oh well! Still, am sure there will be some helpful posts on PK's performance on this and 'A**FN'!

Andy,
That's a blow as we will be on holiday in Dorset - oh well! Still, am sure there will be some helpful posts on PK's performance on this and 'A**FN'!

29.50p +1.625p

Firestone Diamonds plc, the AIM-quoted diamond mining and exploration company is pleased to provide an update on the Company's mining operations in Lesotho and Botswana.

HIGHLIGHTS
Liqhobong Mine, Lesotho
Production
- Plant 1 now operating at rated capacity of 0.4 mtpa
-Mining grade of 32 cpht, 15% higher than resource grade of 28 cpht

Plant 1 expansion
- Phase 1 expansion to 0.6 mtpa on target for completion by end Q2 2011
-Plans for Phase 2 expansion to 1.3 mtpa by end 2011 in progress
Mine Planning
- Open pit reserves increased approximately 15% to 70 million tonnes, containing 23 million carats

BK11 Mine, Botswana
Production plant
Secondary crushing circuit currently being commissioned to improve diamond liberation

Mining
-Mining operations ahead of schedule, with two million tonnes mined between January and April 2011

Diamond Sales
Next tender to be held in Gaborone, Botswana, in late June
Sale expected to be significantly larger than the last tender in April 2011

31.625p +1.50p

the movement up continues after some good size trades

spread 29.625p ( 29.25 / 30p )

on the up today an on a good Level 2 of 2 v 1

Should start the new leg up after the last retracement

Volume is picking up and the price also

A buy note was issued last night by Red Hot Penny shares Mag.

Firestone buy up to 42p


Maybe no wonder tha there was good trades late yesterday

The RHPS influence only lasts a couple of days though!

Then what?

From the UPS thread ......

FDI 26.875p ( 26.75 / 27p )

Reasons : Buyers today after a large drop. Placing last week @ 27.75p below todays price, small spread and positive Level 2 of 2 v 1. Recent tender sales have been at much higher prices than lately. Share price below lower Bollinger Band (buy time)

Now at around 50 percent of the placing price, and few diamonds sold in the recent tender!

Not looking good IMHO.

trading at 13.5p to buy up over 7%, er indoors loves diamonds!!!

Interesting to read the early threads, the optimistic note running through the postings. The trouble with bling it has a habit of blinding ones senses. Interesting to watch though and I have made a small purchase for er indoors as its fast approaching Valentines! Well Diamonds are a girls best friend after all. Lol