Share Name Share Symbol Market Type Share ISIN Share Description
Gem Diamonds Di LSE:GEMD London Ordinary Share VGG379591065 ORD USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00p -1.86% 105.50p 105.00p 107.00p 107.50p 102.00p 107.25p 125,171.00 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 169.3 73.7 25.5 3.6 145.97

Gem Diamonds Di Share Discussion Threads

Showing 1701 to 1724 of 1725 messages
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DateSubjectAuthorDiscuss
01/12/2016
14:33
Re the hold up on Mothae a PI had comms over on PRG about things going slow/on hold. I note mid November news show things going wrong in Lesotho with ministers sacked and resigned etc so there is unlikely to be ongoing talks about Mothae at this time and explains the long wait. http://www.sabc.co.za/wps/portal/news/main/tag?tag=Lesotho
superg1
28/11/2016
16:15
Superg1 > That is a splendid analytical post..
tanelorn
16/11/2016
10:16
Michael Not sure if you are still here but the forecast suggested re lack of big stones is proving correct and more of a dive to go yet imo. As I said before some sales will include stones found prior to the doldrums they are in now. EG those 12 stones over £1 mill have no reference to them being found in the period just sold. So there is further drop to come yet re $ per carat. They need big stones or that figure will continue to tumble. $ per carat is no good as a guide it has to be considered along with CPHT which I think is about 1.7. EG if you have $1750 per carat at 1.7 cpht then the ore value is $29.75 per tonne. So then you work out costs per tonne all in. If you have a diamond mine chucking out the normal diamonds mine doing 30 CPHT then the price per carat needed to equal the $1750 rate is $58.33. $1750 looks exciting but $58.33 is a far safer bet as it relies on 'bread and butter diamonds' that come out the ground all the time. I haven't looked up GEMDs costs but a geologist will say ignore $ per carat and just look at ore value per tonne v ore cost per tonne. Letseng is only viable if they keep finding big stones and they needed 10 or more of those Q3/4 to meet previous year levels. No news of any big diamond so far suggests they haven't found any and no time left to find 10+ in 2016 imo. As older finds cycle through the accounts unless they hit big stones that $ per carat will keep heading south short term. That's why the share price keeps dropping and I'm surprised why some don't understand that and the maths behind it.
superg1
10/11/2016
07:07
Good Q3 update ?
p_dharmendra
10/10/2016
12:16
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.
ukgeorge
07/10/2016
19:27
I was wondering the same thing boonkh
imranawan
07/10/2016
14:42
Why is GEMD down when other foreign miners are up due to weakening sterling?
boonkoh
23/9/2016
11:21
Google alert playing up them must have been an archive
superg1
23/9/2016
10:16
Petra looks to have broken out, hopefully these are next
ukgeorge
23/9/2016
09:47
So nothing new or of real consequence for Lesotho business?
michaelfenton
23/9/2016
09:29
this all i found hxxp://www.dailymaverick.co.za/article/2016-09-15-amabhungane-end-in-sight-for-lesothos-troublemaker-in-chief/#.V-T1jfkrJhE
ukgeorge
23/9/2016
09:23
That was published 2 years ago - 10th September 2014.
alan@bj
23/9/2016
09:13
http://venturesafrica.com/miners-call-for-lesotho-to-be-part-of-south-africa/
superg1
23/9/2016
08:58
superg1 - where did you hear/read about latest coup attempt. I can find nothing?
michaelfenton
23/9/2016
08:44
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.
ukgeorge
23/9/2016
07:56
Hmmmm Military coup attempt in the last few days in Lesotho, will that affect anything?
superg1
09/9/2016
23:52
Alan 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).
superg1
09/9/2016
13:36
Larger stones could be found in the higher grade more productive areas. You will have to wait until the operation extends into that zone.
tomatoma2
08/9/2016
12:10
think I can see some blue sky ahead
ukgeorge
07/9/2016
16:41
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.
alan@bj
07/9/2016
15:57
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?
michaelfenton
07/9/2016
15:41
The market is not expecting the same EPS as last year. So there is no pressure to match last year's results.
boonkoh
07/9/2016
14:45
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.
michaelfenton
07/9/2016
14:42
Dr EX same chart at petra
ukgeorge
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P:42 V: D:20161205 18:43:49