Bluerock Diamonds Share Discussion Threads

[encarter] 30/11/2018 13:03

Yes. Cash in the bank and they are predicting to be profitable in 2019 but grades so far are above expectations, everything set for a jump back above 2p.

[p winky] 30/11/2018 12:28

This is just set for a rumble upwards now..

[livewireplus] 30/11/2018 09:07

Indeed. But personally Id be happy with just a five- fold increase (during 2019) :-)

[encarter] 30/11/2018 08:55

Me too. Our day in the sun will come. Grades are higher than expected so hopefully we will get a large stone or two. One exceptional stone would be a game changer and with it the potential for more and a 10 fold rise in the share price

[hazl] 30/11/2018 07:53

A constant almost trivial battle it seems still, behind the scenes.
I wish they would sort it out!

RNS

[encarter] 28/11/2018 19:38

1.4m bought today against 400k sold. Price should start to recover shortly imho.

[hazl] 21/11/2018 14:54

....over sold by the looks of it....a bit of interest welcome.

[hazl] 20/11/2018 08:40

Sorry working today livewire but will try to pop in from time to time.

[livewireplus] 20/11/2018 08:14

About time we did receive some good news - so RNS today is welcome - let us see what else is in the pipe(line)... and equally important what it will do to share price as that is indeed a bit dire...

[hazl] 20/11/2018 08:10

Adam Waugh, CEO of BlueRock commented, "Our current focus at Kareevlei following our recent fundraise is to materially step-up and de-risk our operations with a view to supplying a regular feed of undiluted, higher grade kimberlite. The ore we are recovering from KV1 is very encouraging in that it is a higher grade than we would have expected in this near surface, diluted material. It is pleasing that grades improved during H1 at KV2 and with the early results from KV1 suggests a stronger profile for both pipes going forward. I look forward to providing further updates from the ongoing mining at both KV1 and KV2."


After this good report...higher grade even near surface....
I am still happy to wait for this to recover with just a small holding.

[p winky] 06/11/2018 07:36

Will this do much after/until the 9/11/18?

[encarter] 05/11/2018 20:13

They don't now expect to be profitable until Q3 2019 so will probably be at least one more placing and that's if they can stay on plan which seems unlikely. I'm hoping for a spike so that I can escape.

[andy] 15/10/2018 09:20

OK I see they have a likely placing coming, hence the GM and capital reorganisation.


On an operational level they are doing OK, but it' the old problem of running out of money that is eroding shareholder value as continual placings at lower prices eats away at the long term holders.

[andy] 15/10/2018 09:12

I see a chartist made a prediction in post 576 using Japanese candlesticks.


Just goes to show that charting doesn't always work with junior miners.

[hazl] 15/10/2018 08:35

A blue start.
Is there a buyer in the background?
Can't see anything?

[hazl] 10/10/2018 10:44

Correction.
You are completely correct!
I was so absorbed by the coloured stones and their popularity that I got side tracked.

Surely all the more reason for BRD to be doing better?

[hazl] 10/10/2018 10:38

Sorry I was talking longer term but fair point.

[jscapper] 10/10/2018 10:22

Diamond prices are at a 52 week high.

[hazl] 10/10/2018 09:07

Who can blame them when the prices for diamonds are so low
The lowering of guidance perhaps understandable on the eighth?
Anyway some good news

' Second largest stone recovered of 10.58 carats in September 2018 with an estimated value of in excess of US$50,000'

Probably will need some money at some point though.

IMO

[hazl] 05/10/2018 16:03

42% of the market has gone down today and what does Blue Rock do?


Goes up!

8-)

[encarter] 04/10/2018 16:19

SP looking grim now. We need some big stones to turn this around.

[hazl] 20/9/2018 07:51

'81% increase y-o-y in production for H1 2018 to 73,028 tonnes (H1 2017: 40,343 tonnes)

· Production now approaching 1,500 tonnes a day

· Turnover increased by 269% to £556,000 (H1 2017: £151,000)

· Losses reduced to £789,000 (H1 2017: £1,348,000)

· Production commenced at second kimberlite pipe "KV1" which has a 40% higher Inferred Mineral Resource grade than KV2'

ABSOLUTELY SHAMMYTIME