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Rockwell Diamonds Inc RDIAF

Metals & Mining Industrial Metals & Minerals
Rockwell Diamonds Inc is a diamond mining company. It is engaged in the business of diamond production and the acquisition and exploration of natural resource properties. It is engaged in the mining of palaeo channels and rooikoppie gravels and the recovery of high value and larger karat size diamonds. The company holds interests in Wouterspan, Saxendrift, Niewejaarskraal, and Remhoogte properties.


OTCPK:RDIAF - Post by User

Rockwell Diamonds Inc
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Comment by thinker1951on Mar 23, 2009 9:52am
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Post# 15862646

RE: re:Vote of confidence

RE: re:Vote of confidenceWhat I wonder about is how long will it take for diamond demand to pick up. Jewelery demand is way down worldwide and it seems this global recession is going to be an extended one. If this is the case and the markets for rough diamonds remains weak can RDI operate at a positive cash flow? If they cant and they have to go to care and maintenance what will there burn rate be, can they last out a prolonged downturn for diamond demand? I am an optimist and see RDI as an real bargain however I like to stay on top of all of my positions and so I question these matters. What do you think the consequences of a prolonged downturn would be?
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