Gem Diamonds Share Discussion Threads

[dcroston] 04/5/2024 18:55

Interesting read.

www.thenationalnews.com/news/europe/2024/05/03/diamonds-may-not-be-forever-belgiums-grip-on-gems-shaken-by-russian-sanctions-drive/

[caiman47] 04/5/2024 11:16

The very large stone was the Letseng Legend found in 2018. 910 carats white Type IIA and sold for US$40m.

That's the inherent option that the market appears to have forgotten about.

[boonkoh] 03/5/2024 20:30

The real gamble is no a 100+ crlarat stone but much bigger....On recent webinar, it was revealed that the largest ever stone from Letseng was around 900 carats?Now I'm no diamond expert, so don't know if at that sort of size you still get amazing clarity, etc....But there is an (outside) prospect that they could always find a stone that wipes out $30m debt in one stroke....

[citys2874] 03/5/2024 15:34

its been a great week and expect a better week next week

[mindthestash] 03/5/2024 14:32

Well done you recent buyers. Always good to see people make a few bob.
Question for us old timers is should we play double or quits..... again!

[citys2874] 03/5/2024 13:57

We may even get another RNS with 100 carat + diamond and this would really and truly send this share rocketing .....great time to be in....multi-bagger opportunity in 2024....may even see weekend press or midas buy rating so yes loving this share and the upward momentum just starting

[citys2874] 03/5/2024 13:50

should see this past 20.00 next week

[davethehorse] 03/5/2024 13:26

Ramp and dumpers are loving this

[citys2874] 03/5/2024 13:13

buy rating given today by traders cafe

[citys2874] 03/5/2024 09:35

In the top 40 risers on the leaderboard gainers now

[citys2874] 03/5/2024 09:10

GETTING PRESS COVERAGE NICE TO SEE:

[...]

[citys2874] 03/5/2024 08:58

up 5 percent in the first hour lovely start to the day

[citys2874] 03/5/2024 08:39

Up 2 percent in early trading expect we will rally later this afternoon like yesterday

[citys2874] 03/5/2024 08:03

nice sea pf blue buys on opening bell

[citys2874] 02/5/2024 18:14

Broken past 200 day moving average Technicals all point to a major break out should move this past 15.00+ tomorrow

[boonkoh] 02/5/2024 17:48

Debt is not a concern... Bank has the mine as a tangible asset collateral backing the borrowing...Plus the gross debt, at HY Jun24 is likely to be much less than the $30m-ish at Dec23...

[caiman47] 02/5/2024 16:43

Afriore would have to declare if they were making a bid as they are so close to the threshold.

Anyone else would need Afriore's approval for a bid and that would only come at a much higher price. Gem is not a company in any kind of distress.

Fundamental value does eventually get recognised. Look at AAL!

This is going to be interesting.

[dcroston] 02/5/2024 16:41

We need many more liquid trading days like today. The trading had been so thin for the last 6 months MMs have had a field day taking this down to ridiculous prices.

I'll speculate that the price will very quickly get back into the 20s without too much difficulty and it will still be vastly undervalued on its projected PE.

[mindthestash] 02/5/2024 16:31

Over 1m shares traded today?
Takeover stake building?

[citys2874] 02/5/2024 16:28

SHOULD BREAK 15.00+ TOMORROW

[caiman47] 02/5/2024 15:59

I still want to see the debt rolled over. This is still for me a significant risk.

Someone knows something though.