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Having raised £282,500 at a discounted 1p to help fund its exploration efforts in southern Africa, unloved Botswana Diamonds (BOD) is planning other ways of improving its finances, says entrepreneurial chairman John Teeling. The mellifluous Irish veteran of the junior resources market indicates he will convert £160,000 loans to the company into shares, amid a general cutback in boardroom salaries and expenses, as unloved AIM counter Botswana Diamonds prepares to contribute its half share of a ‘$500,000 to $600,000’ exploration budget by midsummer for its gem prospects in Botswana’s diamond-rich Orapa area, having lost £948,000 in the year to last June and another £154,000 in the six months to December.Alrosa
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