Botswana Diamonds to list next month

Market watchers say an expected introduction price of 7p (71 thebe) a share puts Botswana Diamonds at just over £7m with no new money being raised.

African Diamonds Plc (AFD) de-listed from the BSE at the close of business on December 22, 2010 following a successful acquisition by Lucara Diamonds Corporation.  BSE officials however say African Diamonds had not yet communicated their intention to list on the bourse. "They have not notified us yet, I guess [if] they have communicated with the bourse they will have a primary listing. They are only going to have a secondary listing here," said a BSE official.