| Thu 9 Oct 2008, 14:30 | | RDI - Rockwell Diamonds Incorporated - Trading Statement |
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RDI
RDI
RDI - Rockwell Diamonds Incorporated - Trading Statement
ROCKWELL DIAMONDS INCORPORATED
(A company incorporated in accordance with the laws of British Columbia, Canada)
(Incorporation number BCO354545)
(Formerly Rockwell Ventures Inc.)
(South African registration number: 2007/031582/10)
Share code on the JSE Limited: RDI & ISIN: CA77434W1032
Share code on the TSX: RDI & CUSIP Number: 77434W103
Share code on the OTCBB: RDIAF
("Rockwell")
Trading Statement
ROCKWELL ESTIMATES SIX MONTHS EARNINGS
ROCKWELL DIAMONDS TO RELEASE Q2 RESULTS ON OCTOBER 15, 2008
October 9, 2008, Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the
"Company") (TSX:RDI;OTCBB:RDIAF;JSE:RDI) advises shareholders that earnings and
headline earnings for the three month period ending August 31, 2008 are expected
to be slightly lower than for the comparative quarter ended August 31, 2007.
This is as a direct result of the loss on sale of the Minero Rocardo property
which is excluded when headline earnings are calculated. As a result of the
amount of shares outstanding the move on earnings per share shows 0% when
rounded to two decimal places and is considered to be negligible. Headline
earnings per share for the quarter ended August 31, 2008 also show a 0% move for
the same reasons as the earnings per share and is also considered to be
negligible. Basic and fully diluted per share loss figures will be included in
the Company`s definitive financial statement.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors. The unaudited results for the
period ended August 31, 2008 are expected to be published on October 15, 2008.
The Company will host a telephone conference call on Thursday, October 16 at
10:00 a.m. Eastern Time (7:00 a.m. Pacific; 4:00 p.m. Johannesburg) to discuss
these results. The conference call may be accessed by dialing (877) 591-4959, or
(719) 325-4891 internationally. A live and archived audio webcast will also be
available at on the Company`s website at www.rockwelldiamonds.com.
For further details on Rockwell Diamonds and its properties, please visit the
Company`s website at www.rockwelldiamonds.com or contact Investor Services at
(604) 684-6365 or within North America at 1-800-667-2114.
John Bristow
President and CEO
No regulatory authority has approved or disapproved the information contained in
this news release.
Forward Looking Statements
This release includes certain statements that may be deemed "forward-looking
statements". Other than statements of historical fact all statements in this
release that address future production, reserve or resource potential,
exploration drilling, exploitation activities and events or developments that
Rockwell expects are forward-looking statements. Although Rockwell believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices,
exploitation and exploration successes, changes in and the effect of government
policies regarding mining and natural resource exploration and exploitation,
availability of capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are not guarantees
of future performance and those actual results or developments may differ
materially from those projected in the forward-looking statements. For more
information on Rockwell, Investors should review Rockwell`s annual Form 20-F
filing with the United States Securities and Exchange Commission www.sec.com and
Rockwell`s home jurisdiction filings that are available at www.sedar.com.
Canada
9 October 2008
Sponsor
Sasfin Capital (A division of Sasfin Bank Limited)
Date: 09/10/2008 14:30:01 Produced by the JSE SENS Department.
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