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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 scubatraderon Jul 21, 2009 10:08am
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Post# 16153284

RE: RDI Book value =.41 and the fair Value=$

RE: RDI Book value =.41 and the fair Value=$Isn't the book value 29.5 cents? I'm looking at the 02-28 BS.

In terms of mrk cap to equity this stock is among the cheapest in the diamond sector. Its just above a tenth of its book value. I bought it at .06 because of this and its somehow gone down to .035.

What is with this stock? There are alot of other diamond companies that are in way worse shape than RDI that have higher valuations, but RDI keeps getting killed. Then again all diamond companies have gotten killed lately. I thought the really low valuation would mean a decreased downside risk, but I'm obviously totally wrong. Man, thank God it was only a small stake in this one. I'm still holding it tho, well the half I have left now.
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