Shore thing

Article Abstract:

Namakwa Diamond Company confirmed the beginning of regular mining of its Stage I project on South Africa's west coast with expectations of an annual pre-tax cashflows of $7mn. Namakwa has established a resource of 2.2 million tonnes of gravels of 18.7 carats/hundred tonnes containing 411,000 carats within an area covering less than 3% of its ground holding, over the last couple of years, which would be the basis for the Stage I project to produce 95,000 carats a year from 500,000 tonnes of gravels.

Production management, Market share, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Listing & Registration, Stock-exchange, Securities listing, Company market share, Namakwa Diamond Company NL

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Shine on, you crazy diamond miner

Article Abstract:

Namakwa Diamond's share price plummeted fourfold from a peak of 37.5 cents to 9.5 cents in the first week of July 2005. However, according to the early July 2005 report the company came good with news of a 135% lift in diamond trade and a more than doubling of production in the June quarter over March 2006.

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Gem hope

Article Abstract:

Namakwa Diamond Company needs to raise between $3 m and $4 m for continuing exploration on its South African alluvial project. The same will be done through a quasi-equity offer such as a convertible note issue.

Financial management, Management dynamics, Management, Finance, Company business management, Company financing

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