[vc_row][vc_column][vc_custom_heading text=”Middle East Diamond Resources Limited. JSE: MED” font_container=”tag:h2|text_align:center” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal”][vc_empty_space][vc_single_image image=”3082″ img_size=”375×131″ alignment=”center”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Background of Mediamond” font_container=”tag:h2|text_align:center” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal”][info_list font_size_icon=”24″][info_list_item list_icon=”Defaults-check”]Middle East Diamond Resources is a South African company with historical interests in the exploration, evaluation and development of platinum group metals, primarily in the Bushveld complex of the North West, Gauteng and Limpopo. The company held an interest in four PGM project areas, namely Abrina, Klipfontein, Doornpoort and Syferfontien. It had total prospecting rights across 63 000 hectares. The company recently restructured and put most assets up for sale in a bid to buy into diamond mining, investigating acquisition prospects around Kimberley.[/info_list_item][info_list_item list_icon=”Defaults-check”]
[/info_list_item][/info_list][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Mediamond Shares Growth Driver” font_container=”tag:h1|text_align:center” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal”][vc_empty_space][info_list icon_color=”#0c0c0c” font_size_icon=”24″][info_list_item list_icon=”Defaults-line-chart”]Against the backdrop of difficult conditions for the mining industry today, Middle East Diamond Resources has struggled to raise capital and has yet to progress further than early exploration of its properties, with Middle East Diamond Resources share price stagnating.[/info_list_item][info_list_item list_icon=”Defaults-line-chart”]The company was extensively restructured in 2014 and 2015, and suffered overwhelmingly negative data for the year ended February 2016. The net loss totalled R63 million, with negative equity of R843 000 attributable to shareholders. This was despite reducing operating costs from about R1 million per month to around R450 000. Middle East is currently exploring options to raise further capital to buy into further exploration and cover all general and administrative costs. It is struggling to secure the buy in of past investors to inject further cash into the group, and further issue of shares is under review. In the event that no further capital is raised, the group will cease to be a going concern.[/info_list_item][info_list_item list_icon=”Defaults-line-chart”]There was some good news for the company in August 2016, when it announced that it has entered into an agreement to buy the Kamfersdam dumps in the Northern Cape for R14 million from diamond exploration company Blain Capital Solutions. The purchase price may be reduced if Middle East meets its profit target of R3.45 million every six months, through sale of diamonds.[/info_list_item][/info_list][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Mediamond Investor Tip ” font_container=”tag:h2|text_align:center” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal”][vc_empty_space][info_list icon_color=”#0c0c0c” font_size_icon=”24″][info_list_item list_icon=”Defaults-graduation-cap mortar-board”]The acquisition of the Kamfersdam dumps signals a small light on the horizon, but most investors will be unlikely to consider Middle East Diamond Resources shares an attractive buy. Junior and exploration mining companies are finding it very difficult to make headway in the current economy, and Middle East is likely to be no exception. The forecast is that Middle East Diamond Resource share price will not strengthen significantly any time soon.[/info_list_item][/info_list][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Mediamond Major Shareholders ” font_container=”tag:h2|text_align:center” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal”][vc_empty_space][vc_column_text]Java Capital Trustees and Sponsors, Familia Asset Managers, Legacy Platinum Group, Yawara Capital, James Allan.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][info_list font_size_icon=”24″][info_list_item list_title=”Sector” list_icon=”Defaults-map-marker”]Materials[/info_list_item][info_list_item list_title=”Industry” list_icon=”Defaults-map-marker”]Metals & Mining[/info_list_item][info_list_item list_title=”Sub industry” list_icon=”Defaults-map-marker”]Other Mined Minerals[/info_list_item][/info_list][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”How to buy Mediamond Group Shares” font_container=”tag:h2|text_align:center” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal”][vc_empty_space][info_list icon_color=”#0c0c0c” font_size_icon=”24″][info_list_item list_title=”Mediamond : How to buy Mediamond Group Shares Online” list_icon=”Defaults-circle”]We have made it simple to buy JSE listed firm shares online. The easiest way to buy Mediamond Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Mediamond Group and assist you with the setup and management of your stock portfolio account.[/info_list_item][info_list_item list_title=”Here are the steps you must follow to Buy / Purchase Mediamond Group shares with utmost confidence:” list_icon=”Defaults-circle”]
- Start by Filling in the BUY THIS SHARE form.
- Insert your name, email, telephone number and monthly remuneration.
- Then, Indicate the amount you are looking to invest in Mediamond Group.
- Click the “ INVEST NOW” button
- Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
- Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
[/info_list_item][info_list_item list_title=”Buy Shares with Confidence ” list_icon=”Defaults-circle”]Buying JSE shares has never been this convenient and easy. #myfirstshare
View more JSE shares for sale – here.[/info_list_item][/info_list][/vc_column][/vc_row]
