Firestone Diamonds Share Discussion Threads

[tanelorn] 23/1/2017 15:31

The first sale advised 3 months ago was pencilled-in for mid to late January, however at the AGM late Jan early Feb was opinioned, and as such i'm loooking for mid February as a likely announcement date; Don't forget the quarterly reports will dove-tail nicely.

Regards
Tan

[pottermagic2310] 23/1/2017 15:11

Should we expect something that soon ?
Was thinking more like March at the earliest

[bigglesbingham] 23/1/2017 11:26

I bought more at 46 think result/update in next 10 days so don't think it will pull back much more

[ifthecapfits] 23/1/2017 10:47

Likewise. Been hoping for a pull back.

[pottermagic2310] 23/1/2017 09:22

Always going to dip pending any actual Production results.
Sort of happy it is and won't be surprised to see this hit the low 40s in due course, maybe even back into the high 30s. I will be taking a further opportunity should that scenario unfold before March.

[bigglesbingham] 23/1/2017 08:48

Why down on no news I wonder

[bigglesbingham] 21/1/2017 17:19

Good stone discovery will take this to 65p, sales won't be great because of quality of ore being using since start up but looking for few fancy stones and some larger ones. Here's hoping . Will look at topping up on recent weakness.

[hutch_pod] 17/1/2017 21:28

I'm here and patient :)

[bigglesbingham] 17/1/2017 20:34

Been in this since kopane days and what was never questioned was the fact that there are huge stones and fancy stones. In the kopane days they kept crushing the big stones. Now with the correct equipment it's just a waiting game and a no brainier in my opinion. !!!!

[andy] 17/1/2017 13:09

In my experience it's the quiet threads that generally create more shareholder value.

The threads that are always at the top of the leaderboard are normally the ones that cost people in the end, GKP being a recent example.

[pottermagic2310] 17/1/2017 12:46

I'm deliberately staying very quiet on this Thread as I have concluded we're either going to get the good News we should expect in Feb, or much better news or perhaps but hopefully not a little less good news.
My odds are a short 2:1 in favour of a favourable outcome this Quarter and a much longer 33:1 of a not so kind result

[altom] 17/1/2017 12:08

Oh! Biggles. You are so right. I am getting very casual in my old age. I must consult my COD more often.
Thank you for info. Perhaps when sales commence we shall have a more lively BB here.

[bigglesbingham] 17/1/2017 10:08

Ps isn't it non-existent? Lol

[bigglesbingham] 17/1/2017 10:06

Atom- from rns October Diamond SalesFirestone has scheduled its first diamond sale to take place in Antwerp in January 2017. The sale will complete early in February 2017. Thereafter the Company expects to host two sales per quarter. As the Company increases production through the ramp-up phase and begins to treat larger volumes of kimberlite from the main pit, it will obtain an enhanced understanding of the occurrence and value of large stones over time.I'm looking forward to first large stone discovery which will really kick the price here.

[altom] 17/1/2017 09:27

Tanelorn. I am most interested in your 2571 as I love the English language and abhor the way in which it it misused and mangled by most people these days. I was sufficiently intrigued to consult my Concise Oxford Dictionary and find that 'thrived'is acceptable though qualified as 'rarely'. My COD is about seventy years old and the latest edition may be different.
As for FDI, I am most eagerly awaiting their next news. This thread is so quiet as to be almost non-existant. Are the first sales due very soon? If so, we may be in for some fun in the near future.
Replies and comments from any holders will be very welcome.

[tanelorn] 31/12/2016 15:34

Shares have thriven, i expect a good twelve months, leaning more to the end on 2017. Wishing all holders a prosperous and peaceful year ahead.
Regards,

ps You know you're old when the online dictionary doesn't recognise the verb; thrive, throve, thriven and tries to change it to 'thrived'.!!

The other day, I asked a young lad where the nearest 'Chemist' was, he looked blank until his pal said "you mean Pharmacist"?, oh dear.!

[pottermagic2310] 23/12/2016 12:16

Merry Xmas and may our New Year be encrusted with glistening news
;-)

[pottermagic2310] 18/12/2016 22:32

pre-Xmas predictions for Business Plan/operational achievements & share price by end of March'17?

[varrirob] 09/12/2016 11:47

A very good summary tanelorn and was good to see you there.

[tanelorn] 09/12/2016 10:08

AGM Review
Having attended the AGM, i thought the following points maybe of interest;
The Chairman stated that the ramp-up period of 6+ months remains on target, and that despite expected teething problems, they had a splendid November with glitches being overcome. The June end of year target of 350,000+ carats recovered remains unaltered.
They have recovered fancy yellow diamonds and whilst no indication of size was mentioned there was confirmation that no breakages occurred.
The first diamond sale is expected end of January 2017, possibly early February.
When asked privately whether other coloured stones were present i was advised that red and blue have been found, but once again no admission of size,,, maybe tiny or moderate, i don't know.
The mine has moved from 12 hour/day to 24hr/day and processing 500 tonnes/hour = 360,000/month. However there are occasions when that is not maintained, due to weather, electrical outages (problem in National Grid substation identified and hopefully fixed), or operational glitches..... Nonetheless these are early days. The Chairman felt the operational risk factors are almost gone.
The mine is not processing the optimum ore as there is significant 'tidying-up' of the old mine workings still to do.
It will probably be another twelve months before an accurate statement of the mines future revenue ct/tonne can be clearly defined. Still the chairman's 'private' opinion is very encouraging.
The second water retention dam is just about complete and there is a possibility of a third dam, water being a valuable commodity. Water currently pooled at the centre of the mine area will not be drained until it can be utilised/saved, and accordingly mining is taking part around the edge of the main target area.
Clearly 6 months to full ramp-up is an ambitious target, most start-ups take longer, but did i get the impression that they almost wanted to say they were doing it faster still?, i'm hesitant to say so, but the overall impression was extremely positive, with a pent-up enthusiasm carefully suppressed.

"This time next year Rodney, we'll all be Millionaires". !! ?

[pottermagic2310] 08/12/2016 12:11

Maybe a good 1st quarter into next year, backed-up by an improved 2nd quarter will catch the eye of the beholder - "Shine bright like a Diamond"
;-)

[abtwo] 08/12/2016 10:37

Rio Tinto CEO Jean-Sebastien Jacques says he would like to have more diamonds in their portfolio.

In an interview on Tuesday, the Rio boss earmarked the division as a focus for expansion rather than disposal.

"What we want is to improve the quality of our portfolio," said the Frenchman, who's known as JS. "I would love to have more diamonds to be very explicit. That's a priority area."

"When JS says he's got a strong affinity to grow the diamond business, the obvious point is that there are very few ways you can do that," Bernstein analyst Paul Gait said by phone. "The only mechanism by which you can create a diamond business of scale is to acquire an incumbent diamond producer."

[superg1] 02/12/2016 13:23

Yep that's the bit Tane but I was hunting for the actual full DFS report.

It bodes well for big diamonds.

Whose kit are they using, I hope it's Tomra. Anything else rejects the best diamonds (type IIa). Type IIa don't fluoresce and hence older tech rejects them. That's why Lucara had trouble at Mothae studies finding big stones had been rejected. I believe that tech is what Lucara use in Botswana after comments they made.