|I wa told of an item on Colouered stones in Financial Times on Friday. Anyone see it?
Are we mentioned?|
|Has anyone noticed the following rumour that: Offers made to GEM for Faberge?
|What is the reason for having 43 (Forty three) separate companies or partnerships? All listed on the RNS about Janet Boyce.
These guys are too flash by half!|
|juzzer100, I wonder if the inertia of high value Faberge stock levels from the set-up finally defeated Dev.
|Fabergé attracts admirers as Gemfields ponders sale
10th October 2016
Gemfields, the emerald and ruby miner, is weighing a potential sale of its luxury jewellery business Fabergé after receiving interest from a number of suitors over the past few months. ...|
|only wish i stayed in these,
The thread maker Dice sure knows how to pick good stocks. Well done..|
|Re the post above, net profit is up to US$42m from US$23.5m. Apologies.|
|Better than expected news today. Net profit (after tax)US$23.5million vs US$12.3M last year.|
|A decent tick up over the last week or so. Any news?|
|Aberdeen Frontiers I.T. view;
Gemfields plc (0.6% of NAV), the London-listed miner of coloured gemstones in Zambia
and Mozambique, published a market update for the quarter to 30th June 2016, and will
soon release annual results to the same date. When published, they will disclose stable
production of emeralds over the year (30mn carats, making their Kagem mine in Zambia
by far the largest in the world), 23% growth in production of rubies (to 10.3mn carats),
stable unit costs and strong auction results (auction revenue of $174mn for the year with
stable pricing in emeralds and a strong rise in average per carat price achieved for rubies).
With new financing in place to ramp up ruby production, the company continues to make
great strides towards its ambition of becoming “the De Beers of coloured gemstones”.
The recent rally in the global mining sector has yet to reach Gemfields, but with strong
fundamentals and being deeply undervalued (Gemfield’s shares trades on 0.35X P/NAV,
4.5X 2016 EV/EBITDA and the company holds inventory and cash that exceeds its current
market cap by a significant margin), we believe the current share price in no way fully
reflects the company’s potential.|
|Gemfields (GEM) UK begins gem trading in Sri Lanka
By Smallcap Network Aug 21, 2016
|Nice to see gem recovering...|
|Gemfields (LON:#GEM) Gemfields’ chief executive Ian Harebottle - http://www.directorstalk.com/gemfields-longem/ … -|
|Dice you love this stock don't you...|
|Located near the concession area of British company Gemfields, where valuable gems have been found.
Australia’s Mustang Resources discovers rubies in Mozambique
JULY 28TH, 2016 HOME
Australia’s Mustang Resources has discovered its first ten rubies at digs in the concession it holds in Montepuez, Cabo Delgado province, northern Mozambique, the company said in a statement issued on Wednesday.
The discovery of the ten rubies, totalling 2.16 carats, was described by the company as a good sign for the next phases of the concession, located near the concession area of British company Gemfields, where valuable gems have been found.
The work, which began on 25 June, are part of Phase 2A of the exploration programme and include well drilling, sampling and processing of the collected product.
Mustang’s mining project in Montepuez has three exploration licenses, covering an area of 15,800 hectares.
In June 2015, Mustang Resources announced it had discovered Mozambique’s first quality diamond deposit of market value.
Sixteen diamonds were discovered at the company’s project at the confluence of the Save River, which divides southern and central Mozambique, and the Runde River, near the border with Zimbabwe. (macauhub/MZ)|
|The 12th Gemfields Retail Jeweller India Awards 2016 (RJIA)- An Elite Circle of Excellence, also known as the Oscars of the jewellery industry
Thu, July, 28 2016
|Gemfields (LON:GEM) shares look good value following pullback in stock BUY 82 pence
28th July 2016
Today's Market View - Anglo American, BHP Billiton, Caledonia Mining, Herencia Resources, Gemfields, Savannah Resources
28 Jul 2016
Anglo American (LON:AAL) – Interim Report highlights stronger balance sheet
BHP Billiton (LON:BLT) 977 pence, Mkt Cap £57.3bn – Samarco update
Caledonia Mining (LON:CMCL) – Increased ore resource at the Blanket mine
Herencia Resources (LON:HER) – Herencia complete sale of Paguanta in nick of time
Gemfields (LON:GEM) BUY, Target 82p – shares look good value following pullback in stock
Savannah Resources (LON:SAV) – Exploration underway at lithium projects in Finland|
|GEM dont miss it guys coming off lows now will move fast as stock is very tight
GEMFIELDS (GEM.L) 4 Star BUY
|4 STAR BUY
34.25 +1.00 (+3.01%)
52 Week High:
52 Week Low:
|27 JULY 2016
Mustang Resources recovers first rubies while trenching at Montepuez
ASX-listed Mozambique-focused junior Mustang Resources has recovered 10 rubies while trenching at its Montepuez ruby project in northern Mozambique.
Mozambique – The 10 rubies, which total 2.16 ct, were recovered by Mustang Resources during initial trenching activities of the alluvial layers at the company’s flagship Montepuez project, which will soon undergo a bulk sampling programme to determine how best to unlock the country’s significant ruby potential.
Exploration Phase 2A
The trenching programme, which began on 25 June, as part of Phase 2A of the exploration programme, comprises strategic surface pitting, sampling and processing activities.
This is being undertaken in order to gather specific geological data regarding the project area, including stratigraphy, to identify ruby-bearing gravels and to delineate targets for the proposed bulk sampling programme, which is expected to begin in the third quarter of 2016.
Importantly, the current programme
Map indicating location of initial pits
is focused on alluvial material in which the higher quality rubies are thought to be hosted, with Mustang utilising low cost techniques for excavation, screening, processing and recovery, as well as for on-going rehabilitation.
To date, 25 samples have been processed. The pitting completed thus far has been based on two grids, each grid produced differing gravels, bedrock and yields.
Geological mapping of the gravel layers within the Montepuez project area is being simultaneously conducted to increase the company’s understanding of the Montepuez region’s geology.
Bulk sampling phase
Phase 2A will be followed by the commencement of a full bulk sampling programme with the aim of recovering rubies for sale as soon as marketable parcels are available. Furthermore, the data gathered during this programme will be utilised to complete a JORC compliant resource statement and feasibility study as Mustang advances towards full scale commercial mining.
The company believes that the successful exploration start-up and ruby recoveries highlight the significant underlying potential of Montepuez, while the rubies recovered from excavation and trenching of the gravel layers further validate the prospectivity of Monetpuez.
“The recovery of the rubies from alluvial sources at Montepuez is very encouraging and the team is buoyed by this early stage success.
“Work is continuing with the trenching and processing of additional pits as we advance towards the commencement of bulk sampling in Q3 2016,” says Mustang Resources MD Christiaan Jordaan.
The Montepuez ruby project consists of three licenses (4143L, 4258L and 5030L) covering 15 800 ha directly adjacent to the world’s largest ruby deposit discovered by Gemfields in 2012.
The project area lies within the Montepuez Complex, a structurally deformed, complex metamorphic terrane which is known to host two types of ruby mineralisation, namely primary amphibolite mineralisation, and secondary gravel bed mineralisation.|
|Mustang recovers first rubies at Mozambique project
27TH JULY 2016
Mustang’s Montepuez ruby project comprises three licences covering 15 800 ha within the Montepuez Complex. It is adjacent to Aim-listed Gemfields’ 75%-owned Montepuez ruby mine.|
|Montepuez Ruby Project is situated next door to Gemfields PLC (GEM:LSE) who's ruby deposit is one of the largest in the world.
Published on: Jul 27, 2016 | by finfeed
Mustang Resources (ASX:MUS) has recovered its first rubies from its Montepuez ruby project in Mozambique – a good sign heading into full bulk sampling in Q3.
The aspiring ruby miner told its shareholders today that it had recovered 10 rubies for a total of 2.61 carats as part of an initial trenching program at the project.
The trenching is taking place at the project in order to help firm up targets for a bulk sampling program in the third quarter of this year.
It is hoped the bulk sampling will bring up rubies which will be able to be sold to the market – ahead of full project development.|
|here come the buyers about time GEMFIELDS/GEM