Gemfields Share Discussion Threads

[hazl] 29/3/2015 17:20

click on Winners!

[hazl] 28/3/2015 11:50

thanks indeed bamboo....appreciated

edit

we are expecting news about auctions so that might well explain the 60p

suggestion....or not!

Wait and see mode!

imo

[bamboo2] 28/3/2015 10:33

Hi hazl, had a quick look at chart. share price seems rangebound at the mo. On the positive side the 50sma has crossed a rising 200sma, which is known as a golden cross, but, conversely, the CCI suggests sell. If the share price can close above the upper trendline, then the target is approx 60p, a close below lower trendline targets approx 41p. gla

[hazl] 27/3/2015 12:00

should be good here if they do a u turn surely?!

a positive for Gemfields I would think 8-)

imo

[hazl] 27/3/2015 11:44

'Gemfields has delivered an exceptional first-half with an increase in revenues, record-breaking auction results and a significant uplift in gemstone production across each of our operations,” said CEO Ian Harebottle.

Gemfields mines emeralds and beryl at its 75%-owned Kagem mine, in Zambia; ruby and corundum at its 75%-owned Montepuez mine, in Mozambique; and amethyst at its 50%-owned Kariba Minerals mine, in Zambia.

“This solid performance comes at a time when the mining sector has faced various challenges, but I am pleased to report that demand for Gemfields’ responsibly sourced coloured gemstones and the opportunity for sustained growth remains significant,” added Harebottle.

His comments followed the achievement of Gemfields’ highest revenue generation – at $43.3-million – to date from a December ruby auction.

“With two further ruby auctions scheduled in the [current] financial year, continued organic growth at both [the] Kagem and Montepuez [operations], and a clear focus on continued acquisitions and expansion, we look forward to a strong and successful second half of this financial year,” he said.

Gemfields aimed to hold a March/April auction in Jaipur, India, for predominantly lower-quality rough rubies from Montepuez, while predominantly higher-quality rubies would be auctioned in Singapore in June.'

[jakes114] 26/3/2015 18:19

The expectation is that Faberge will be cash neutral but when I have no idea other than a comment I heard that it wont be too long

[hazl] 26/3/2015 13:28

The great thing about an inventory such as Faberge is that it will retain its value.
Its not comparable to a perishable product in a grocery shop for example.
Of course a lot of people also expect precious objects to actually go up in value and become a store of wealth.
I personally have always thought it is a terrific asset with an amazing name to propel the company forward.
The evidence that even modern-day Faberge has not lost its edge was displayed by the purchase of the new 'egg' by the named buyer ....see previous post.
Added to that is the knowledge that Gemfields are going to rely on their sales of gemstones increasing as a percentage of the profits going forward.

The Faberge collection is a great store of wealth, in my opinion and I'm sure the sales will be made from that when the time is right.
To also have, the new and innovative twist of the watches and accessories is clearly a sign of keeping up with the times and accommodating a range of buyers.
IMO

[johnweaver] 26/3/2015 11:16

Jake - Good about Faberge watches being well received, are you sure that Faberge will be cash neutral soon?

[hazl] 26/3/2015 08:52

As Iain Harebottle says in the 2nd March rns about GEMs future auction .....very soon......


' We look forward to our auction of lower quality Montepuez ruby in Jaipur later this month where we believe the market is as excited as we are to be a part of this first ever offering of such a considerable volume of non-domestic ruby rough in India."'

[jakes114] 25/3/2015 13:05

Thanks Hazl that says it all, plus the fact that Faberge will be cash neutral soon.

Value will shine through

[jakes114] 25/3/2015 11:00

Apparently Faberge watches was the star of the gems show in Basle last weekend

The brand is developing nicely all we need is greater volume and publicity in the market.

[hazl] 24/3/2015 10:09

Yes agree that the price should grow with the auctions coming up and so on,despite this mornings drop.
GEM has always been a bit erratic intraday.

imo

[darias] 23/3/2015 17:00

Dull!

From 45p to 54p in three months. What do you want?

[tictac] 23/3/2015 16:42

Rather nice little positive phase.

I've been trying to gauge whether or not the Faberge business is going to ever be an asset or not. I still can't decide. It must be an enormously daunting task to try to work out a strategy for that.

All pretty good on the mining front though as far as I can see. I've re-purchased a few shares recently, so back to around 65% of my original long-term holding. I think I'll be happy with that holding for a while. I'm quite keen to hear about progress on the Sapphire front, and how much that might cost. However what I'd really like is a hint of dividends. As far as I can see it isn't out of the question.

I didn't really like the Zambian capitulation by GEM, but in retrospect I was wrong. Building a stable and long-term arrangement is precisely what they should have done, and thus-far seem to have done.

I think we'll hit some all-time highs over the coming days. Maybe up to 60p or so. Not too bad for an AIM miner.

I think it's quite fun that a company in such a wild sector on such a wild market (AIM) is so dull in it's share price movements. The management deserve enormous credit for that.

[hazl] 23/3/2015 16:26

I would quite like a ruby ...don't even mind if it was still rough....doesn't have to be polished!
Be better than a dividend.....not that they are likely to do either.....even to loyal shareholders ! lol

imo

[hazl] 23/3/2015 11:54

I see they are bringing out the late trades now

IMO

[hazl] 23/3/2015 09:37

Outlook

-- Gemfields' next auction, which will be of predominantly lower quality rough rubies from Montepuez, is scheduled to take place in Jaipur in March/April 2015.

-- An auction of predominantly higher quality rubies is presently scheduled to take place in Singapore in June 2015.

-- It remains the Company's view that a steady increase in demand, and the associated positive impact on achievable prices, is set to continue for the foreseeable future.

[hazl] 20/3/2015 13:45

'Watch and jewellery curators from the world over converge at the Baselworld held in Messe Basel Switzerland to stock up on the most exotic collection of diamonds, pearls, gemstones, designer and antique jeweler as well as antique watches and the most sophisticated of chronographs.'


taking place at the moment Gemfields included.
Over 100000 visitors last year.

imo

[hazl] 19/3/2015 14:11

what a lot of trades within a few minutes....

imo

[hazl] 18/3/2015 12:13

Interesting to read companies announcements that are diamond orientated rather than 'coloured gems'.There are phrases like 'softer trend' and 'gentle decline',in connection to diamonds,I notice, and certainly their graph has suffered accordingly.
We are bang on trend here.
Also for me the fact that we are sourced in a friendly way is preferable for my style.

IMO

[hazl] 18/3/2015 09:38

some late trades there by the looks of it

IMO