Firestone Diamonds Share Discussion Threads

[superg1] 02/12/2016 09:06

Tane

The original DFS which I can't find now. That gave detail of large broken stones. 3 of them I think but the tech and kit will be much better now. Perhaps it mentions the potential value of those in other reports had they been intact.

The DFS was done in 2012 and reported on in 2013

[andy] 01/12/2016 17:49

Tanelorn,

You can just turn up at Tavistock, they will allow you in as a guest at least.

If you are on the register all well and good, if not they may not allow you to vote, but there's not a contentious vote anyway, so no big deal.

The Tavistock people are very accommodating.

I normally go but this year it clashed with Mines and Money.

[tanelorn] 01/12/2016 16:12

This possibly the report ( June 2015 )you were refering to:
hxxp://www.firestonediamonds.com/wp-content/uploads/Firestone-June-2015_Tavistock.pdf

[superg1] 01/12/2016 15:06

Tane

I see the recent dip as the diamond news in general but also suspect Mr market will hit this when first production gets mentioned.

On every occasion without fail when a company issues a profit warning even if it's days before results and they gave figures the market canes it a 2nd time when it's repeated.

On that point FDI have stated $ per carat will be lower than the estimate because they are doing the tailings etc. So the news will be (big stones excluded) $ per carat down on the guidance.

I read the study on this one some time back and from the main mine they pulled out some big stones but broke them, multi million stones had they been intact so they are in there. I just don't trust the market re the pending production news and diamond market in general. The market has been told but no doubt the B'stards will hit it on any $ per carat drop if that is to be the case in news.

[tanelorn] 27/11/2016 22:36

Is attending the AGM straightforward, anyone going, just me?

To answer my own question, i have been informed by Capita that i need a 'Notice of Representation' and ID, my broker is sending the NoR free to arrive in four days, my shares are held in nominee accounts.

I just turn-up at Tavistocks offices on the day.

[tanelorn] 27/11/2016 22:11

The sma and ema have both been breached, and falling for the 'story' is a cynical critique of retail investors being mugged for not being able nor given the same tools ( as ii ) to research and trade 'wisely'.

In this instance, i don't buy it!

Whilst accepting retail punters are by definition not plugged-in to the market and have only 'after market' news to work-on and thus disadvantaged, the macro / storey route is valid.

Patience and 'the story' can work, it just requires acceptance of 'wistfully regretting' missed opportunities that the city traders may exploit along the way.

The macro analysis says this is a good two year share. - Hold tight!,,,, imo etc

No contention with Andy, i just disagree in this instance.

[andy] 27/11/2016 17:14

Hutch,

Yes could be some profit taking. a good trade sets a target, and once it's achieved, sells.

It's the disciplines approach that makes them money whereas so many of us, me included, fall for the story, and hold too long.

[hutch_pod] 27/11/2016 15:46

Brief mention in Moneyweek, basically celebrating the 270% rise in past year. Maybe this woke some up to take a little profit ;)

[pottermagic2310] 26/11/2016 13:57

I think these might be down due to general Market sentiment towards this Sector right now, with the Markets receiving a bit of a shake-up globally right now. Price of Gold has dipped a bit, Oils going nowhere, Banking's still suffering but there have been massive movements into other Sectors.

[bigglesbingham] 24/11/2016 16:20

7% fall on nominal trades mms at it again

[andy] 23/11/2016 09:32

Tanelorn,

Just opt for monthly and you can then cancel giving one month's notice.

If you opt for annual you have to remember when to cancel it otherwise it goes on for another year.

I always refuse the many "introductory offers" I receive from various firms because they are relying on you forgetting and them grabbing the first year's membership fee before you cancel.

[pottermagic2310] 22/11/2016 18:54

Now this is operational, it's best to sit back and allow the Company to 'produce the Goods", to monitor Operational performance (perhaps) quarterly and hope that the range & quality of Resources previously proposed/forecast are secured and associated Business Benefits realised on a regular, sustainable and profitable basis.
New Year will be a great time to hear good to great news

[tanelorn] 22/11/2016 15:57

Panmore Gordon recommend @ 68pence

There are millions of shares that have been sold during the last month, yet the bid has hardly moved.

I'm not selling, and expect 90p as per my previous forecast by end of January.

[tanelorn] 01/11/2016 11:21

Tried to renew my advfn subs today, alas they will not accept direct debit and insist on 'continuing authority' on my credit card. I refuse to use 'continuing authority' any-more, and thus they have lost a customer.

[pottermagic2310] 01/11/2016 10:51

Great RNS today... how fantastic would it be for the 1st Quarter to produce a bucket load of high quality/fancy Diamonds...

[bigglesbingham] 26/10/2016 15:46

All these buys at 56.25 no movement in share price indicates audley still selling

[saucepan] 25/10/2016 08:07

AAL Quarterly Results today confirm that the "diamond sector is improving"; very important read-across for FDI, I feel; should help sector sentiment.

[nigthepig] 21/10/2016 15:26

Now then 12bn, how are you mate. Are you invested here?

[12bn] 21/10/2016 12:23

Anyone seen earnestwipplethwaite111,his real name is Bert Brown and he has escaped from the local mental care unit. He is a nutter who is under the delusion that he is witty.

[pottermagic2310] 21/10/2016 12:23

I'm in following this latest News and hoping this goes better than a couple of Gold Miners I've suffered with

[bigglesbingham] 21/10/2016 10:37

Arrh right

[earnestwipplethwaiteiii] 21/10/2016 09:52

Not with what I bought instead!

[bigglesbingham] 21/10/2016 09:26

Still think you're the richer by bailing !! I added considerably from 19p here and still well down but an interesting ride!!

[earnestwipplethwaiteiii] 21/10/2016 08:07

Agreed - they finally got the people to do the job properly. I bailed after Kopane was sold to FDI, rather wish I'd stayed in now, but it's been a helluva hold for long termers anyway, so best of luck, guys - you deserve some fancy yellows!