Australian (ASX) Stock Market Forum

KIM - Kimberley Diamond Company

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there appears to be buyer interest today....can we trust it?

I might sell some into this rally, holding a large position which might not be justified, would love to continue to hold but this stock is way too unpredictable even though the fundamentals look good imo
 
Someone after 385K@56 is interest considering this chart. Perhaps it'll be pulled. Looks just slightly sick to me. :eek: Have good exit strategy. :2twocents Good luck!!
 

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Trading Halt

is it the T/o? Is it another capital raising? Or something completely from left field...................
Whatever it might be, it is time for the SP to head north....imo
 
"Whatever it might be, it is time for the SP to head north....imo" redandgreen

Sorry, R&D, based on what?
 
based on many positive company announcements over the last six months...the recent upgrade of resource to mention but one ...the market instead of reacting positively has sold the stock down
I have felt for some time that there has been unusual trading on this stock..maybe when the TH is lifted we will know more.
 
When TH is lifted expect a takeover offer from GEM Diamonds UK

Congratulations to all holders who kept the faith......:)
 
redandgreen said:
When TH is lifted expect a takeover offer from GEM Diamonds UK

Congratulations to all holders who kept the faith......:)
Click to expand...
R&G, I'm not sure if those 'keeping the faith' from $1.90 would be that happy. :( It really hasn't been a great investment unless you bought it in the past 2 weeks. Maybe!
 
I have been accumulating over the last 6 months (doubled up last week.):).....so hopefully it will turn out to be a good call...........
 
http://investing.reuters.co.uk/news...3052Z_01_SYD71654_RTRIDST_0_KIMBERLEY-BID.XML

SYDNEY, July 18 (Reuters) - UK miner Gem Diamonds Ltd. (GEMD.L: Quote, Profile , Research) is set to bid for Australia's Kimberley Diamond Co. (KIM.AX: Quote, Profile , Research) in a deal worth more than A$225 million ($196 million), the Australian Financial Review said on Wednesday.

Citing no sources, the paper said Gem has bought a stake in Kimberley (KDC.L: Quote, Profile , Research) in preparation for a bid after Kimberley's shares lost 25 percent of their value last week.

Kimberley shares were placed on a trading halt on Tuesday pending an announcement.

Perth-based Kimberley -- which has one mining project, Ellendale, in Western Australia's Kimberley Region -- had been the subject of takeover speculation earlier this year, with Gem among those seen as a potential bidder.

Kimberly has a market value of about A$225 million. The paper said Gem has about US$519 million in cash, more than enough to offer a premium for Kimberley.

Kimberley posted a net loss of A$16.2 million in the year to June 2006. ($1=A$1.15)
 
I am happy that I had faith in KIM. Opened at 0.685, now huge buying orders at .675-.680. :)

It should get back to its original value very soon.
 
canglan said:
I am happy that I had faith in KIM. Opened at 0.685, now huge buying orders at .675-.680. :)

It should get back to its original value very soon.
Click to expand...

Cnglan Im not so sure it will get back to its original value.
GEM have offered equivalent of 0.70 per share for KIM, so it will be highlighyl unlikely the SP moves higher than 0.72/3 :mad:
 
the SP should and will move higher
this offer is opportunistic in the extreme.
I, for one will not be accepting such a low-ball offer.
An offer of 70c is beneath comtempt:mad:
 
jump on board, GEM Diamonds will be shamed into offering more than the

bogus 70c offer that is currently on the table

DYOR but this could be one of the more interesting takeovers plays atm

Follow closely how KIM has traded over the last six months and draw your

own conclusions
 
The buy out offer from GEM arrived to day offering $0.70 per share.
IMO: It seems to be a steal at that, more so since BDI has found the Green Diamonds and KIM owns 39.14% of BDI.
 
i'm in no hurry to return the acceptance form....

GEM should be paying a lot more than 70c with all things considered......

I'll wait til the 11th hour b4 sending in my acceptance
 
redandgreen said:
i'm in no hurry to return the acceptance form....

GEM should be paying a lot more than 70c with all things considered......

I'll wait til the 11th hour b4 sending in my acceptance
Click to expand...

Seems the directors jumped ship really quickly to sell out, so what do they know we don't?
But still, I will follow you and wait to see what happens next.
 
remember how quickly the board were prepared to accept $2.35 for CSM

not saying that there is any particular comparison here but the KIM board at the time of the offer was in a difficult situation..

Things have improved since on a number of fronts AUD, green diamonds BDI etc

Hoping for more than 70c .....
 
remember how quickly the board were prepared to accept $2.35 for CSM

not saying that there is any particular comparison here but the KIM board at the time of the offer was in a difficult situation..

Things have improved since on a number of fronts AUD, green diamonds BDI etc

Hoping for more than 70c .....
 
UBS has upped its stake...wondering whether GEM will just have to come up

with a better offer in these coming weeks in order to gain shareholder

acceptance

I am hoping for a CSM type saga KIM is way undervalued @70c
 
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