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.

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Rockwell Diamonds Inc

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Comment by CQuicon Jan 20, 2010 11:03pm

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Post# 16702440

RE: is there hope?

I think there is hope. The bottom line is that diamond prices are increasing, Wouterspan mine will be reopening and RDI is showing a stronger buget sheet. I don't agree with the reverse spit, but I think there will be opportunities to take a little profit over the next couple of months. I'm going to stay focused on the numbers and remember why I bought in to start with. If RDI were still up to their teeth in debt, constantly changing their game plan and under-producing at high costs I'd be concerned. I think there is more good news to come and mid-March will probably be very interesting, but I don't see the sp doing a crash and burn.

Like I've stated before, I don't agree with a reverse split, but I think if it happens the company has strengthened it's position to weather through it better than other companies that used the reverse in a death-throw tactic IMO.

GLTA,
CQuic

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