DiamonEx de-listed from BSE

source: Mmegi
MBONGENI MGUNI
Staff Writer

The Botswana Stock Exchange (BSE) has de-listed DiamonEx Limited, close to 24 months after the Australian company requested suspension of its counter on the local bourse.

DiamonEx, which operated Lerala Diamond Mine prior to its suspension early last year, ran into a financial gridlock following the collapse of diamond prices in the last quarter of 2008.

The diamond price collapse coincided with Lerala’s first production from which DiamonEx directors were expecting to begin recouping their investment and settling creditors.

Yesterday, a BSE notice indicated that [continue reading]

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