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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Post by Vina1on Oct 15, 2009 6:11pm

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Post# 16391984

News release is out .

   The result is good to me, due to Rockwell retains high inventory at the end of this quarter Aug 31/ 09, the inventory was 4247 carats at the end of Aug/ 09 , For the month of Aug/ 09 Rockwell sales only 259 carats which was mixed quality ), this lead to a loss for the quarter. IF Rockwell sales appx 2000 carats or more for Aug/ 09, Quarter result would be breakeven or profit.
   As Rockwell foresee diamond price improve ahead, that could be the reason Rockwell retained high inventory for better revenue in the near future.
   Total cost decreased, production increased, overall improvement, everything is well set up for the road ahead. Anyone has better idea, please input. TIA
As usual, relax and Have a good nite.

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