Rockwell is engaged in the business of developing and operating alluvial diamond mines, to become a mid-tier diamond mining company. The Company has three existing operations, namely Saxendrift, Klipdam and Tirisano, which it is progressively optimizing. It also has two development projects -- Wouterspan and Niewejaarskraal -- and a pipeline of other projects with future development potential. Rockwell's operations and projects are all located in the Republic of South Africa.
In addition to its project work, Rockwell continues to evaluate merger and acquisition opportunities which have the potential to expand its mineral resources and provide new opportunities to develop the additional production that would provide accretive value to the Company. The acquisition of Jasper Mine, adjacent to Saxendrift is nearing completion.
The Company has an established track record of producing large gem quality diamonds; these comprise a significant proportion of its production profile. The diamonds recovered from Rockwell's mines are frequently acquired for investment purposes. The Company has a beneficiation joint venture which enables it to participate in the profit on the sale of its 2.8+ carat sized stones after they have been polished.
Rockwell is listed on the Johannesburg Stock Exchange (JSE) under the symbol RDI and the TSX under the symbol RDI.
Capital Structure:
As at February 29, 2012
Shares outstanding: 47,942,746
Warrants: -
Options($0.48 to $9.45): 3,604,569
Convertible Debt (±$0.56): 3,499,257
Loan from Director (±$0.60): 466,667
Fully diluted shares: 55,513,239
Balance sheet:
As at February 29, 2012
Total assets: $110,433,273
Net cash and cash equivalents: $9,911,861
Inventories (carats): 114
Debt: $6,857,301
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