|Gem Diamonds Di
||ORD USD0.01 (DI)
||EPS - Basic
||Market Cap (m)
Gem Diamonds Di Share Discussion Threads
Showing 1701 to 1725 of 1725 messages
|should get q3 results in a months time. hopefully that will give the share price a kick in the right direction.
PDL had a great breakout last week.|
|I was wondering the same thing boonkh|
|Why is GEMD down when other foreign miners are up due to weakening sterling?|
|Google alert playing up them must have been an archive|
|Petra looks to have broken out, hopefully these are next|
|So nothing new or of real consequence for Lesotho business?|
|this all i found
|That was published 2 years ago - 10th September 2014.|
|superg1 - where did you hear/read about latest coup attempt. I can find nothing?|
|Not really mad any headlines, they to have an attempt every couple of years
On a separate note
Alrosa reports strong diamond sales. Rough diamond sales at Alrosa (ALRS RX) totalled US$243m in August, 58% more than the same period of last year, but a drop on the bumper month of July, when the company sold US$306.7m of rough stones. Total sales for the year to August now stand at US$3.09bn which is a 23% lift on last year's sales at that point in the year. Source: SNL
Investec view: The diamond industry is making a strong comeback from the horrible year it endured in 2015. We expect this trend to continue given low interest rates and a weaker US$ as we enter the critical selling period of Diwali and the Holiday Season.|
Military coup attempt in the last few days in Lesotho, will that affect anything?|
If they had found some by now they would have announced it.
Why mention an 85ct stone as those were irrelevant in the last year or two. It's the highest price per carat mine in the world but also the lowest grade.
Big stones are what get the price per carat up and sales of stones previously found helped keep the true price per carat hidden.
The key figure is ore value v costs. CPHT which is under 2 I believe.
I'll check but I thought waste had climbed rapidly which is an added cost in a dropping $ per carat scenario.
They have to find big stones without them they are screwed, they can do that but so far this year they are way behind on finds. It's down to luck and good accounts management re what's left from older finds to convert to cash (if there are any left).|
|Larger stones could be found in the higher grade more productive areas. You will have to wait until the operation extends into that zone.|
|think I can see some blue sky ahead|
|However, if you read the second paragraph of the Chief Exec's comments in the 17th August half year report you will see there is a greater chance of larger diamonds being recovered in the second half as mining has moved to more productive areas. In the first half 20 diamonds with a sales value in excess of £1m were recovered along with 160ct whopper, and early in July they polled out one of 85ct and another at 104ct.|
|boonkoh - you are right and expectations are reflected in the share price - however there is no guarantee as to how many large stones still to be harvested?|
|The market is not expecting the same EPS as last year. So there is no pressure to match last year's results.|
|The chart does not look good. Indeed they do need to find some exceptional stones and it will prove very hard to match last years results. I am out.|
|Dr EX same chart at petra|
|The only triangles you want to see are the ones formed by facets of a number of large diamonds otherwise their price per carat achieved is going to plummet.
To put it in perspective they need to find 1 100 carat stone every 10 days from now until the end of the year to match recent yearly results. They need one hell of a lucky run.|
|big triangle forming from march 16. apex is soon|
|superg1 - You should have gone to specsavers. I said "prospect", not "project" - although it is both in fact. This is from 15th March, "Shares" magazine:-
"Gem Diamonds (GEMD) is undertaking due diligence to potentially buy a project that was the downfall of former AIM-quoted Paragon Diamonds. It is among a group of miners looking at the Mothae prospect in Lesotho, four kilometres from Gem’s flagship mine Letseng."|
|come on gemd buck your ideas up|
|'I guess the Mothae prospect must also have been affected by the bad weather.'
There is no Mothae project, the government have yet to determine who they will give the mine to.
The key as I said recently is the large stones and I see the odd media report has started to pick up on that. Current prices per carat and supported by large stones found before. If they don't start hitting them regularly then the price per carat will be hit hard over the next 6/12 months|