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BRD Bluerock Diamonds Plc

2.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bluerock Diamonds Plc LSE:BRD London Ordinary Share GB00BKKJK954 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bluerock Diamonds Share Discussion Threads

Showing 301 to 324 of 1800 messages
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DateSubjectAuthorDiscuss
16/11/2017
16:14
a reminder
the
results of
its October 2017 diamond sales tender and production.
Highlights

Record monthly
sales of ZAR
3.2
5
million (USD
226,400)

Record monthly number of carats sold at auction of 609.84

Avera
ge value per carat of USD
371.25

Blasting
and processing of
Level 2 Kimberlite commenced

hazl
16/11/2017
16:13
Run rate sales of $2.7m p.a. before reaching the high grade diatreme. Lots of cash in the bank. No brainer in my opinion.
thevaluehunter
16/11/2017
15:16
So not churn?
hazl
16/11/2017
15:15
It has done well and is off the ground.the stock market has been dodgy so l think we have done ok,at least that's the way lm looking at it.Perhaps more investors than traders actually.Imo
hazl
16/11/2017
15:11
Not a great follow through this afternoon
ny boy
16/11/2017
14:44
Having said that MMs offering 150k max with all that selling -
tomboyb
16/11/2017
14:15
Wait until all have sold then add -
tomboyb
16/11/2017
14:14
Put it this way,I succumbed to taking the profit the first time,it went into profit, I must admit, but since then I can see that like our CEO

the rewards,if I hang on, as the diamond sector recovers, are likely to be greater,
if I wait!

I'm quite enjoying not ducking and diving!

Good luck fellow holders.
15P Here we come eventually with a fair wind!

IMO

hazl
16/11/2017
14:05
I think anyone lucky enough to have bought in recently
has got in at the bottom of the cycle.
I have some at under two around 1.70 mark and added at 2.2 or something and still feel these prices of today are reflective of the lows of the last few years.
Let's see if it works out!
No guarantees in this business or we'd all be millionaires but the signs are indicating we might be optimistic,quite justifiably I think.

IMO

hazl
16/11/2017
12:18
A good start.....
let's see what the afternoon brings

hazl
16/11/2017
09:50
High quality diamonds Hazl -

All from one diamond pipe with 4 others in contention -

One of the other diamond pipes expected to have higher quality diamonds than K2 -

See interview -

if they can do 1000 carrats a month what say the share price -

tomboyb
16/11/2017
09:41
look at the share-price just a year or two ago tomboy!
I can't wait!

hazl
16/11/2017
09:33
With record production looks like a case of right place right time for BRD -

No wonder CEO was buying stock -

tomboyb
16/11/2017
09:25
its beginning to happen....
hazl
16/11/2017
08:09
offer price gradually going up it seems..........
hazl
16/11/2017
00:28
A breakout above 3p would be nice.
thevaluehunter
15/11/2017
20:00
Bought back in here at the open today and glad I did.
adorling
15/11/2017
19:03
BlueRock Diamonds keen to build on its little gem in South Africa
Share

:23 06 Nov 2017
Kareevlei is comfortably among the world’s top ten kimberlite mines on a dollar per carat basis


Kareevlei‘s largest diamond so far has been 11.7 cpth, though analysis has suggested the potential for much bigger stones.
‘A little gem’ is how BlueRock Diamonds PLC (LON:BRD) chief executive Adam Waugh describes the company’s Kareevlei diamond mine at Kimberley, South Africa.

Any pun was unintentional but Waugh believes that while small, as diamond mines go, Kareevlei may indeed be perfectly formed.

READ:

BlueRock Diamonds achieves highest sales to date from Kareevlei in South Africa
Latest results for a second tender of diamonds from the mine illustrate why he is so upbeat.

Sales were its highest to date, earning the group R3.25mln or US$226,400 from an auction of the record amount of almost 610 carats (cpth) worth of diamonds.

Importantly, the value of the carats sold rose to US$371.25 compared to an average US$336.65 previously.

That price puts it comfortably into the world’s top ten kimberlite mines on a dollar per carat basis.

The auction also confirmed the high quality of diamonds mined at Kareevlei, he added, especially as the average price was achieved without any exceptionally large diamonds.

“The largest sold was 5.5 carats.”

Quality is king

Quality is king in the industry he explains, with diamonds sold almost on a case-by-case basis.

Diamonds are mined from kimberlite pipes formed aeons ago in the aftermath of huge volcanic eruptions.

Of these, only around 5% contain grades or concentrations of diamonds commercial enough to warrant being mined.

Kareevlei has five of these pipes on its 3,000 hectare licence, though currently all production is coming from one, K2, and even here from right at the top of the pipe.

Waugh explains: “You have to find a kimberlite, establish if it holds diamonds and then mine it.”

“We have found the kimberlite, carried out the tests to see if it is a reasonable grade and now we are in the mining phase.”

So far that has involved blasting and stripping away a hard, 10m deep calcrete top surface.

Now it is down into the 10m-20m level, where it found the diamonds sold in the latest auction.

WATCH: BlueRock Diamonds gaining international recognition as they clock up record sales
But it is when the mining operation gets through this and into the next 10m that things start to get really interesting, says Waugh.

“The diamonds won’t be bigger, but the second layer has been diluted to some extent by the calcrete, so this will be the first layer of pure kimberlite.

“Characteristics won’t change but the grade or number of carats per 100 tonnes that we mine should improve.”

And Waugh is very aware that an increase in the number of carats recovered will have a disproportionate effect on the bottom line.

More carats equals more profit
“Our mining costs won’t change. So if we can get the caratage up from 600 to 1,000 it will make a huge difference.”

The impact will likely be significant on the market cap as well, given that the company is valued at just £2.6mln at 1.72p.

Waugh reckons BlueRock can mine down to 70m in an open pit at K2 before the costs start to get prohibitive.

Then there is the potential of an underground operation, though Waugh is not sure the grades seen so far would warrant that.

Development of the other four pipes at Kareevlei is also underway.

Exploration has started at the as yet undrilled K5, though it is K1 that is likely to come on stream next year to give some flexibility in production.

Of course, the game would change again if BlueRock pulled out a monster diamond, but while a nice bonus, Waugh is not setting the company up for that eventuality.

READ: BlueRock Diamonds moves to early premium as starts trading on AIM
Kareevlei‘s largest diamond so far has been 11.7 cpth, though analysis has suggested the potential for much bigger stones.

“If we pull out something exciting great but that’s not the economics” he says.

“The key is to get Kareevlei cash flow positive at US$300 per carat, after that we have a low risk asset with 17 years left.”

While Kareevlei might be the focus for now, Waugh does have wider ambitions.

BlueRock has one other asset, Jubilee, where some small scale bulk sampling has taken place but the plans are broader than just this.

Have quote, will use it
“We have a quote and we intend to use it," he says.

In particular, that means targeting the mid-sized deposits that are too small for the giants, but too large for the alluvial mining community to handle.

Waugh, a former stockbroker, has already moved to Kimberley to be more hands-on.

“There is a great opportunity in smaller and mid-sized pipes,” especially as these often have good data as at some time one of the larger companies would have assessed the potential.

Indeed, most would probably have been part of the De Beers stable at one time, “but we can look, assess and take on the opportunity.”

tomboyb
15/11/2017
15:18
I doubled my position at KL airport yesterday, nice to see a profit already!
spittingbarrel
15/11/2017
14:45
Come on short-termers....let's be having you, so we can give the people waiting in the wings a chance.

I predict this is at the start of a great recovery!

hazl
15/11/2017
14:44
500k just gone though at 2.3p -
tomboyb
15/11/2017
13:51
Good luck John -

This is a bit of a GEM -

For a diamond operation to be in the top ten in the world per dollar carrat and on AIM is pretty good -

BRD is all about quality and it seems most persons working have de beers background as per CEO comment -

tomboyb
15/11/2017
13:46
Had to buy in three lots and still didnt get as much as I wanted. My 150,000 trade is not showing yet. Not much stock around by the looks of it. GLA
johnb5
15/11/2017
13:44
you know it makes sense........CEO's know what they're doing....
IMO

hazl
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