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FDI Firestone Diamonds Plc

0.20
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Firestone Diamonds Plc LSE:FDI London Ordinary Share GB00BKX59Y86 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.20 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.15 0.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.20 GBX

Firestone Diamonds (FDI) Latest News

Real-Time news about Firestone Diamonds Plc (London Stock Exchange): 0 recent articles

Firestone Diamonds (FDI) Discussions and Chat

Firestone Diamonds Forums and Chat

Date Time Title Posts
18/8/202313:46Firestone Diamonds discussion thread4,164
04/12/201920:08BIG RISE DUE ? THAT TRADE WAS 2000 X NMS15
04/12/201920:07wealth3
04/12/201917:59Interview: FDI's CEO Philip Kenny - Wed 7th July, 11am11
04/12/201917:58SHINY2

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Firestone Diamonds (FDI) Top Chat Posts

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Posted at 17/8/2023 12:22 by strategy and luck
CORRIENTES1, 99.9% certainly a scam (as in "Kills 99.9% of germs"!). I've had it before with bombed out shares, in one case £100k worth of shares which went down to around £2k (Motion Media MMD which turned into Scotty SCO). Some company from the US was (allegedly) wanting to buy the rump of SCO and willing to pay £25k for my shares...I just had to send them £3k fee and my share certificates! The final phone call from them I let my 18 year old son answer and told him to go along with everything they said. Then I told him to say, "Is this a scam?"...they hung up and I never heard from them again.
Posted at 18/7/2023 10:17 by corrientes1
Just had a peculiar call about someone wanting to acquire the FDI ticker. I think I or my wife sold shares in the company years ago. The caller talk about offering money but needing to pay out something first, which sounds to me like a variation of a typical scam, but who knows.
Posted at 18/1/2023 17:42 by bcape
Production is ongoing... should be an auction sale of some of FDI's better diamonds soon.

Corporate Actions are still trying to sweep up stranded shares of no apparent value,probably looking for some holders to crystalise their losses agsinst profits elsewhere, to save capital gains tax. HOLD for me... long term.

Anyone else here still holding FDI shares? No point in me posting here if there are none...
Posted at 09/12/2022 17:12 by bcape
All resolutions at the AGM were passed yesterday. FDI will therefore continue production with 81% of the shares in 'Pacific' hands, 19% with private shareholders.

It will also now change its articles to become a Private Limited Company, whose shares will still be tradeable through J P Jenkins, at lesst when a few people are willing to actually sell and buy FDI shares on a "matched bargain basis'.

Debt levels are very high at present but diamond prices have improved, especially for the smaller diamonds since closure of the Argyle Mine. Quarterly reports should tell us enough on diamond volumes, revenue and costs to determine if FDI should, all being well, eventually be profitable.

The Cut 3 decision to mine further down will need to be made before the end of 2024, requiring both extension of the Mining Lease by the Lesotho Government and some upfront investment.

The biggest uncertainty now is whether diamond extraction will improve with depth and changes in the kimberlite zones, i.e. bigger, higher quality, coloured & clear gem stones.As ever with FDI, the next two years will be critical.

The staffing is excellent and the commitments are high... we can only hope for a positive outcome.
Posted at 21/10/2022 17:48 by bcape
Corporate Action, Takeover offer for a paltry amount per FDI share is now open until 10th January 2023.

It is still a firm NO from me...
Posted at 27/9/2022 12:34 by bcape
The 2021 Firestone Diamonds Annual Report has now been published, and can be read from the FDI Web Site.

Mining is to restart in October, all being well.

The major share holders are listed, inclusive of Edwards Family Holdings, implying none of the larger holders have sold other than one of the Bond Holders we knew about. It looks like Pacific Capital associates will be well short of 90%, but at least 77%, as they always expected I feel.

Debts have been restructured... could have been much worse - an advantage to us where bond holders are also major share holders.

Diamond prices are currently good, so the next year will be interesting. If profitable, I expect the 3rd cut plan to also go ahead, which will revalue the mine and add at least 5 years to its working life.

It will also be interesting to see if the FDI price moves at all over the coming month, as NONE have traded for about 2 years on the market through J P Jenkins.

HOLD & HOPE by me, unless I experiment with a small sell offer at some point, at least 3p c/w current 0.2p and the still open Corporate Action offer at 0.01p
Posted at 17/8/2022 17:35 by bcape
Yup... fully agree, they are not going to get my FDI shares, nor many others, at that price.
This was a vehicle to get the mine restarted, so bond holders could still get their interest payments & capital repayments; and profit through their overall shareholdings.
None of this has diluted our c.27% shareholdings and prospects for recovery look good post October if diamond prices continue to hold up well.

No doubt we will hear more early in September and later in October.

Once we start selling diamonds again, it will be interesting to see how the share price moves & if any get traded.

My hope is that the debt gets paid off rapidly from some large, high quality diamond finds & good price sales; and dividend payments start.
Posted at 28/7/2022 11:56 by bcape
The FDI Board did not recommend acceptance of the Offer to individual shareholders but said this had to be a personal decision... effectively accept only if crystallising the loss has tax advantages to offset tax on profits elsewhere.

The Chairman's letter noted that Keith Johnson was to stay a director and will retain his personally owned shares even though his company which owns bonds and c. 30% FDI shares has committed to sell their shares in order to protect their bonds, interest and repayments due in reality as I see it.

The price at 0.01p a share (company market value of c. £85,000 in total) is low enough to not be an incentive for anybody to sell their holdings if they have any faith that FDI will recover once production re-commences.

Key here for most private FDI shareholders will be Edwards Family holdings and a couple of the prior directors who have not sold their holdings as far as I know.

I reconfirm that I will personally not take up this offer which will, any way, become unconditionally accepted by two of the major share & bond holders in about 14 days time to give the > 50% shares sought (c. 77% is estimated).
Posted at 27/6/2022 04:00 by teverish
Just in case anyone is still in here, an offer for the company has been made at 0.01p per share.

hxxps://www.firestonediamonds.com/investors/news
Posted at 15/4/2019 13:30 by andy
mdalos,


My recent post referred to this:
---

This is part of the problem, every quarter they issue new shares to PAC and RES in lieu of interest. This has been as follows:

6,693,627 31 December 2018. x 2 = 13,387,254 --- share price = 2.875 pence
4,623,608 30 September 2018. x2 = 9,247,216 --- share price = 4.375 pence
4,130,134 30 June 2018. x2 = 8,260,268 --- share price = 5.8 pence
3,004,634 31 December 2017. x2 = 6,009,268 --- share price = 8.85 pence


On the basis that shares are issued using a VWAP price, I would expect around 17,400,000 new shares to be issued in a few days time.

Existing shares 546,572,318 + 17,400,000 new shares would equal 563,972,318.

The new shares are issued every quarter, do you see the scale of the dilution, which is increasing as the share price falls?
Firestone Diamonds share price data is direct from the London Stock Exchange

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