Bluerock Diamonds Share Discussion Threads

[hazl] 19/9/2017 07:27

Seems to be a lot to read and assess but agreed a good RNS. .

This appears interesting....'During the first half of 2017, we reached an agreement with Koedonza Olives CC to mine a 1.5 hectare kimberlite pipe located in Windsorton, approximately 40km north of Kimberley in the Northern Cape known as Jubilee. Whilst there is no empirical data for the pipe, there is evidence of diamonds being found near the surface by alluvial mining operators. We intend to carry out a bulk sample of up to 2,500 tonnes in the next month, which will be processed at our Kareevlei facility for minimal cost. A decision as to how to proceed with Jubilee will be made once the results of this limited bulk sample have been analysed.'

[mr roper] 19/9/2017 07:22

Pretty solid results. All moving in the right direction.

[hazl] 19/9/2017 07:10

Thanks LM.
An excellent start to hopefully a long recovery and bull-market for diamonds.
As previously stated,clearly De Beers think the time is right for a huge push in marketing soon for their industry.
And if correct,as in a recent article I read, that translates to an improvement in prices across the wider sector,then we will likely see BRD improve along with various miners.
BRD in particular seems to have a lot of potential.

IMO

[luckymouse] 18/9/2017 15:55

Nice bit of accumulation

[hazl] 18/9/2017 15:25

Well you can now purchase at 2.3 something....
I have just topped up with a very small quantity.
Just meant to be a tester really and I decided not to waste it.
It's the future that counts.

[hazl] 18/9/2017 13:57

THEVALUEHUNTER What's the time-scale for digging at depth any idea ?
If not I'll look it up.

[hazl] 18/9/2017 13:43

Yes tried a dummy buy and they appear to be buys, as I was offered similar.

H

[hazl] 18/9/2017 13:33

That isn't a bad price if those are buys and not sells?

[hazl] 18/9/2017 13:14

Anybody know if 2.43 prices are buys?
Am still looking for a good top-up price to be truthful.

[bobbieblock] 18/9/2017 13:09

Slightly late, was planning the join hall here a month ago but no funds. In today at last. Still plenty of upside, especially when they hit 20 meters. A few nice big gems would also be nice. Thankfully none the ADVFN BB nutters here yet, when they arrive might be time to topslice.
Take a look at AAZ for another undervalued play - DYOR, IMHO, LLaP.

[jungmana] 18/9/2017 09:25

Great rns there. Some trades go through the NEX exchange. This tiddler is a multibagger from here imo.

[hazl] 18/9/2017 08:18

Indeed thevaluehunter.
Nice to be in at a low.

[thevaluehunter] 18/9/2017 07:49

The great thing is they are only at 17m depth.

[hazl] 18/9/2017 07:49

Well that has caught us out.
Thought we had a few more days yet.
I was hoping to get more today,thought we had a few days before the release.
Excellent RNS.

[phi1618] 18/9/2017 07:48

Cracking RNS. This share is only going up over short/mid term. It's off most people's radar, even if it hits 3p today, that's still a terrific buy with lots of value. Good luck to you all.

[modform] 18/9/2017 07:36

Expect 2.8p to 3p range today , unfortunately just a small holding for me.

[113mike] 18/9/2017 07:21

RNS that is!

[113mike] 18/9/2017 07:20

Wakey Wakey! Nice Released!

[moormoney] 15/9/2017 22:54

Cheers phi.

[phi1618] 15/9/2017 22:45

Update more likely to be 24th or thereabouts , a production update. A tiny Mcap that's actually producing. A BOD that invests its own money and covers its back with options. We are at the 10m depth now. In a years time, whatever you invest will be showing a nice profit, in my opinion. Read the RNS, borrowing generators, realising what they hold, increase production, clarity, and eyes on another plot.

It's a buy, every day for the next week at rock bottom prices.

Only my opinion from my research.

[moormoney] 14/9/2017 15:42

Lse chat seems to think update coming soon.

[hazl] 14/9/2017 11:06

It is miles better than a lot of stocks.

This was 1.7 or so recently. 8-)

[soultrading] 14/9/2017 10:48

Annoyingly it seems to be trading between 2 and 2.5 up, down, up, down. Guess we just hold and wait.

[hazl] 14/9/2017 10:10

A bit of a bargain perhaps ?

[thevaluehunter] 13/9/2017 18:04

Lets say if they reach the 25k per month mined on 6.3 grade for the K1 pipe thats 18,900 carats per annum. If diamond sales average $300 per carat that's $5.7m in revenue per year. In the annual report they say they've got production costs down to $9 per tonne so annual costs of 25k per month would equate to $2.7m giving quite a profitable model. It really all depends on what the grade and quality of the diamonds are at the sub 20m level. Let's hope the inferred mineral resource of 6.3 grade is understated and the diamonds end up selling for >$300 per carat.