Time to put diamonds on your radar screen, with Kimberley Diamonds (ASX: KDL) surging by 400% over the past year. KDL is our preferred diamond exposure and it has made a seamless transition to production status at its Ellendale diamond mine in Western Australia, which it acquired earlier this year. The company has just paid its maiden 2c a share dividend and embarked on a Botswana diamond acquisition, which provides it with strong growth prospects. It share price has surged from a low of $0.12 during October 2012 to an all-time high of $0.62 yesterday.
I have been a senior resources analyst following the fortunes of the mining and energy sectors for the past 25 years - previously working with stockbroker Intersuisse and financial group Fat Prophets. I am also Executive Director, Mining & Metals...
No areas of expertise