Frankers70
09 Jan 2017
AIM suspension Is the rule 6 months without trading and the shares are terminated from AIM? If this is the case, then we have just 5 weeks left before the company shares are either trading again or cancelled altogether...crack on BoD's...
Norris107
14 Dec 2016
Trying to stay optimistic Apologies if this is 'old' news but it was new to me [link] 3/11/16The following is a copy/paste of the entire content re the above link and it all looks very exciting . . . Are we going to get a RNS pre Christmas? I personally doubt it but reinstatement of the share does seem to be that much closer according to this . . and dare I say the future looks 'bright',probably shouldn't - but one can live in hope.GLA + Here's hoping 2017 takes us somewhere!In August this year AIM-listed Stellar Diamonds (Stellar) announced a transformational transaction which will see the company’s primary kimberlite asset Tongo merge with privately-owned Octea Holding’s contiguous Tonguma asset in Sierra Leone. Together, the two projects will represent the second largest diamond mine in the country, once in production, which looks to deliver around 200 000 carats per annum, CEO Karl Smithson tells Laura Cornish.Having been in discussion with Octea Holdings for well over a year, the transaction had advanced suffi ciently to break the news to the market. “With the largerscale Tonguma located next door (literally) to Tongo along the same kimberlite system, we recognised the benefi ts of scale and economy in developing a single, larger mine run by one company,” Smithson starts.Consequently, Stellar (whose shares are suspended from trading on AIM until the transaction is complete) approached Octea to merge their two local subsidiary companies/owners of the two assets in a reverse takeover. Financially, the deal is “incredibly attractive. Stellar does not pay for the transaction as it will fund all costs to bring the larger project into production. And while Tongo required a US$25 million start-up as a standalone operation to yield production of around 70 000 carats per year, we only require another $13 million to deliver the larger, combined $31.8 million project that will yield three times that production. It just makes compelling financial sense,” Smithson highlights.The transaction, if completed, would result in Stellar having a 75% economic interest in the project following, inter alia, preferential repayment of the initial investment made by Stellar and payment of certain revenue royalty payments to Octea. The CEO also foresees no stumbling blocks in completing the transaction and notes that the deal is more than halfway complete. Having recently issued a pre-economic assessment (PEA) plan for the combined project, only a new listing document, subsequent shareholder approval and thereafter funding is required to fi nalise the deal. Smithson hopes to conclude these outstanding requirements before Christmas.Tongo-Tonguma close-upSmithson notes that Tongo and Tonguma cover the entire Tongo diamondiferous area – one of two known prolific diamond areas in Sierra Leone. (The second is Koidu.)The PEA, released in October, demonstrates a fi nancially robust and high margin 21 year life of mine over an initial resource of 4.5 million carats (Tongo – 1 million carats and Tonguma – 3.5 million carats), of which 4 million carats is classifi ed as recoverable. At full-scale production this equates to 200 000 carats per annum, expected in the fourth year, at sums of around $200/carat. “On its own, Tongo would only have produced between 70 000 and 80 000 carats a year, so again, the significant increase in scale makes this transaction extremely valuable.”The PEA also recognises considerable upside potential – up to 8 million carats – from additional high-grade kimberlite dykes on the properties which are not yet categorised into resource.“The combined diamond grades and quality are also very good and we are looking at recovering an average 2.5 carats per ton, which is signifi cantly higher than the average kimberlite mine in South Africa.”And while Tonguma already has its mining licence in place, Tongo’s application is with g
HPC Follower
05 Oct 2016
Re: Suspension & possible reverse take-o... PEA published today looks very interesting... NPV of $172m but $31m up-front investment needed. Not sure how much cash Stellar Diamonds has, but suspect this will need equity and project finance, and thus good business case should help. Two years to production commencement though... and no firm plan as yet, conditional on the merger and funding I suspect.Still suspended so no opportunity to top-up or sell.
bhptuner
06 Sep 2016
Re: Suspension & possible reverse take-over theres another company close by with a resource similar to ours ,and we could reduce costs due to the proximity of the two mines.we,re gonna cover operating costs and in exchange we get some of their company.
supeman1
22 Aug 2016
Offer on the table for reverse takeover - transformational!!!!!
HPC Follower
20 Aug 2016
Suspension & possible reverse take-over Any clues as to why and what might happen?
Ripley94
15 Mar 2016
Re: Sierra Leone News: Sierra Diamonds to in... Big rise Nov 15th 2015 must of been some sort of consolidation.Placing Today @ 10p Warrants ?
HPC Follower
17 Feb 2016
RNS - New permit gained Good progress, but still a few hurdles to clear.
bhptuner
27 Jan 2016
manipulation attempt have you seen these attempts at keeping the sp in the red by making sure the last deal was a sell with these tiny sells?
nvw
18 Jan 2016
Sierra Leone News: Sierra Diamonds to invest US$ 25m on underground mining Sierra Leone News: Sierra Diamonds to invest US$ 25m on underground mining[link]
George Zibbos
14 Dec 2015
Share transfer by KS I hope his wife is a patient woman
George Zibbos
03 Dec 2015
Directors fees So the directors are looking after themselves at the share holders expense making out they are being benevolent by issuing shares rather than taking cash out of the Co. Looking at the performance of Stel over the last year they ought to be waving these extra fees but no they dilute even more by adding another 2 million shares. Total new shares issued just under 2 million but only 1.3 million allocated also raises the question what happened to the other 700,000 shares. Xmas fund no doubt
Norris107
30 Nov 2015
Re: info All good reading . . . . and reiterates all the known positivesalbeit on that day (02/11/15) STEL price "slipped" 20%And again, another 20% today - nothing's going to happen this year.All a bit disappointing, well that depends on what 'lane' your'e inMe, I'm definitely in the slow lane with this one - so topped up with another 5000 (in the new money) - as did another bargain basin buyer. 
The Ebola crisis is over - but the enormous potential remains undiminished and I welcome such buying opportunities.Roll on 2016
wheelds
03 Nov 2015
Re: info "Conditionally, Stellar will also raise around £497,452 via a subscription through the issue of 7.6mln new subscription shares following the capital reorganisation"."That reorganisation will see every 50 shares consolidated into a single share of 50p each, which will then be sub-divided into one new share of 1 pence and one deferred share of 49 pence."
forwardloop
03 Nov 2015
info [link]
