Global Diamond Resources (GDRS/GDRS.PK) Wrap Up:

Global Diamond Resources, Inc. engages in diamond exploration and mining through its wholly owned subsidiary Global Diamond Resources (SA) (Pty) Limited, a South African corporation. It has acquired the rights to two mining properties, the Grasdrif Deposit and the Caerwinning Deposit, and owns an option to purchase a third mining property, the Montrose kimberlite pipe, all of which are located in the Republic of South Africa. To date, its activities have included the investigation and acquisition of mining property interests, exploratory work, site establishment, and the purchase and operation of mining plant and equipment in the process of development, as well as full-scale mining operations at its properties. The company sells its diamonds directly to private diamond dealers and manufacturers through a tender system. In addition, it also leases approximately 260 square feet in the SA Diamond Center in Johannesburg, South Africa.