NAD - North Australian Diamonds
- Thread starter brent2
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.... that's okay, Ken.
Frequently, stocks will test their lows, immediately before
a positive cycle comes into play ...
happy days
paul
=====
yogi,
As soon as NAD hit support of 3.7, someone bought $40,000 dollars in one order and it hit 4.0 cents again. NAD then carried on to close at 4.3 cents.
I dont know what to make of it but there is definitely some activity.
The volumes are not great but the price is definitely moving around a bit.
It has been very low key for NAD for some time now.
The reason I believe there could be some interest is that we are coming into dry season again, which will allow for drilling.
As soon as NAD hit support of 3.7, someone bought $40,000 dollars in one order and it hit 4.0 cents again. NAD then carried on to close at 4.3 cents.
I dont know what to make of it but there is definitely some activity.
The volumes are not great but the price is definitely moving around a bit.
It has been very low key for NAD for some time now.
The reason I believe there could be some interest is that we are coming into dry season again, which will allow for drilling.
Out Too Soon
My real name is King Julian ;)
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Thanks Doc, such warnings shouldn't be ignored I think, that was a long time ago but has there been a change in the board? I haven't found any mention.
If I'm wrong pls correct me, personally I think BON is a much better diamond play, they don't even have to worry too much about the weather although I suppose rough seas can mess them up. DYOR
Thanks Doc, such warnings shouldn't be ignored I think, that was a long time ago but has there been a change in the board? I haven't found any mention.
If I'm wrong pls correct me, personally I think BON is a much better diamond play, they don't even have to worry too much about the weather although I suppose rough seas can mess them up. DYOR
Really there aren't that many successful Australian diamond companies out there. The damonds business in Australia is relatively hard. I've never made much money out of diamond stocks in my 28 yrs of trading. Despite noting Fat Prophet's recommendation, I intend sticking to other resource sectors.
DYOR
Thanks for the insites greggy on past experiences.
There are a few reasons I have shown an interest in NAD. AGP is a substantial holder. They have been increasing their stake in NAD for 12 months up to 14% which it is now.
NAD formely known as striker had business partnerships with AKD which has now changed its name to IDO.
Looking back through the anouncements i found when AKD (IDO) was trading in 2-4 cents range AGP was accumualting much in the same way and held 15% before the stock leaped to 15 cents in one day. They have since changed names to IDO.
I am not of the view that NAD are going to be doing the same thing, but I am encouraged by the fact AGP are a substantial holder of NAD due to track record of speculative share investments.
Company Wise - they are producing diamonds, so theres income there.
- The largest diamond ever recovered in Australia weighted 104.73 carats, and valued at approximately US$525,000, was recovered from the Merlin Diamond Mine. They have uranium tenements which they just placed shares to fund exploration, which is a bonus also.
Also I am happy with the progress NAD has made since first presenting the merlin diamond mining process. They have set themselves targets and achieved them.
The technology that they are using to discover the diamonds, is different from previous land holders, and as they drill deeper the quality of diamond increases according to the brr.com.au radio interview last year.
I am taking a punt. the company has some history correct.
It was once trading at $13.50 a share.
See this write up, which may just put people off it but times look to have changed.
http://www.nadl.com.au/pdf/Minesite_NADL.pdf
There are a few reasons I have shown an interest in NAD. AGP is a substantial holder. They have been increasing their stake in NAD for 12 months up to 14% which it is now.
NAD formely known as striker had business partnerships with AKD which has now changed its name to IDO.
Looking back through the anouncements i found when AKD (IDO) was trading in 2-4 cents range AGP was accumualting much in the same way and held 15% before the stock leaped to 15 cents in one day. They have since changed names to IDO.
I am not of the view that NAD are going to be doing the same thing, but I am encouraged by the fact AGP are a substantial holder of NAD due to track record of speculative share investments.
Company Wise - they are producing diamonds, so theres income there.
- The largest diamond ever recovered in Australia weighted 104.73 carats, and valued at approximately US$525,000, was recovered from the Merlin Diamond Mine. They have uranium tenements which they just placed shares to fund exploration, which is a bonus also.
Also I am happy with the progress NAD has made since first presenting the merlin diamond mining process. They have set themselves targets and achieved them.
The technology that they are using to discover the diamonds, is different from previous land holders, and as they drill deeper the quality of diamond increases according to the brr.com.au radio interview last year.
I am taking a punt. the company has some history correct.
It was once trading at $13.50 a share.
See this write up, which may just put people off it but times look to have changed.
http://www.nadl.com.au/pdf/Minesite_NADL.pdf
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Hi Ken ,
Not sure where you got your $13.50/share from, as
NAD ... nee Striker ... since 09/1991, it has only
traded as high as 39 cents (adjusted data),
its high was in August 1993 ...
..... and made its low, some 12 years later,
in September 2005, at around 3 cents ... !~!
Since then, it has had a couple of small rallys,
in the initial stages of this long-term recovery ...
have a great weekend
paul
============
Off their website yogi - over 20 years ago.
By Our Man In Oz
Somewhere in the world there is an investor with a treasured memory of the skyrocket ride
taken in 1985 by a small Australian diamond hopeful, Striker Resources, when it shot from
A38 cents to A$13.35 in a matter of months. Sadly the crash back to earth was as memorable
as the trip up. For much of the next 20 years Striker has been listed among the walking
wounded, limping along in the sub A30 cent range, before sliding even further into the sub A3
cent range. Today, it’s a different picture, thanks almost totally to the magic of Merlin – not
the chap who waved a wand around the court of King Arthur, but Merlin the diamond mine
that was too small for Rio Tinto, but is just the right size for Striker under its new name of
North Australian Diamonds."
The underground plan for Merlin could see four pipes mined, Palomides, Sacramore, Launfal
and Excalibur (no prize for guessing that the names are all from the Arthurian legend). In
theory, they contain around 2.36 million carats of diamond in 10.1 million tonnes of material.
That should be enough to maintain production for at least 10 years, more than enough for
North Australian to expand its exploration effort which includes near-mine work, plus an
investigation of alluvial potential, while also searching across a tenement package which
stretches into Arnhem Land to the north, and west into the Kimberley region of Western
Australia.
By Our Man In Oz
Somewhere in the world there is an investor with a treasured memory of the skyrocket ride
taken in 1985 by a small Australian diamond hopeful, Striker Resources, when it shot from
A38 cents to A$13.35 in a matter of months. Sadly the crash back to earth was as memorable
as the trip up. For much of the next 20 years Striker has been listed among the walking
wounded, limping along in the sub A30 cent range, before sliding even further into the sub A3
cent range. Today, it’s a different picture, thanks almost totally to the magic of Merlin – not
the chap who waved a wand around the court of King Arthur, but Merlin the diamond mine
that was too small for Rio Tinto, but is just the right size for Striker under its new name of
North Australian Diamonds."
The underground plan for Merlin could see four pipes mined, Palomides, Sacramore, Launfal
and Excalibur (no prize for guessing that the names are all from the Arthurian legend). In
theory, they contain around 2.36 million carats of diamond in 10.1 million tonnes of material.
That should be enough to maintain production for at least 10 years, more than enough for
North Australian to expand its exploration effort which includes near-mine work, plus an
investigation of alluvial potential, while also searching across a tenement package which
stretches into Arnhem Land to the north, and west into the Kimberley region of Western
Australia.
Hi Ken,
You are taking a punt here and I hope you do well out of it. AGP increasing their stake over the past 12 months is a positive sign. I don't know much about NAD's past so I'm not in a position to comment on it. As I've said before, I've never had much luck with diamond stocks so I prefer to keep out. Good luck just the same.
DYOR
greggy,
It would appear a few other people are taking a punt as well.
NAD is up to 4.7 cents. When NAD runs, it does so very quickly.
Theres has been talk of them floating there uranium prospects under a new company, so that would mean people may be trying to buy into NAD to secure shares if NAD float a new spin off with there uranium assets.
Thats the only thing I can think of.
I am not complaining as I bought at 3.7 and 4.0
either way i'll take it.
It would appear a few other people are taking a punt as well.
NAD is up to 4.7 cents. When NAD runs, it does so very quickly.
Theres has been talk of them floating there uranium prospects under a new company, so that would mean people may be trying to buy into NAD to secure shares if NAD float a new spin off with there uranium assets.
Thats the only thing I can think of.
I am not complaining as I bought at 3.7 and 4.0
either way i'll take it.
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Does anyone know why there has NOT (sorry)been any trading/volume today for NAD. I have searched but can't find a trading halt notification. Have I missed something?
Teddy Bear
Teddy Bear
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Dear Ken,
Thanks, perhaps my trading platform was not reflecting vol or movement happened after I look ed around lunchtime. Any time frame on the spinoff of U assets that you mentioned?
Tks
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Hi Guys,
I see this one is alseep just wanted to see if it's worth looking @ I hear on the grape vine they are reopening some good holes soon..
I see this one is alseep just wanted to see if it's worth looking @ I hear on the grape vine they are reopening some good holes soon..
nad this stock is looking good legend internasional has takes over 55% deutsche bank has taken 5.57 % on th 4/2 legend is headecd by joseph issac gutnick
and his record ia one off the best in mining and none one here know anything is any one out there whith any views
legend internasional has takes over 55% deutsche bank has taken 5.57 % on th 4/2 legend is headecd by joseph issac gutnickand his record ia one off the best in mining and none one here know anything is any one out there whith any views
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