Bluerock Diamonds Share Discussion Threads

[czar] 29/3/2020 19:31

Diamonds are a girls best friend, the demand will bounce back, and the cost of mining will reduce at BRD, this is CHEAP imho.

[costax1654x] 09/3/2020 12:33

Kibo to announce by Friday Med update

[encarter] 06/3/2020 14:13

Cash is for expansion.

[grahamwales] 06/3/2020 14:11

Gross profit perhaps but not net profitable hence why they need more cash for working capital. ie pay wages etc etc.

[czar] 06/3/2020 08:58

They already are profitable and profits will grow.

BlueRock Executive Chairman, Mike Houston, said, "I am very pleased with the continued success at Kareevlei, having achieved the aggressive guidance for 2019 and operated profitably for the first time in the second half of 2019. We are proud of this key milestone, which is a testament to the implementation of the revised production strategy brought in by the Company's new management team in Q2 2019. As stated in earlier announcements, this strategy has focused on stabilising production ahead of maximising the exploitation of the resource. To that end, we are developing plans to effect a further step change increase in production and lower unit costs."

[grahamwales] 05/3/2020 22:20

Unfortunately they are never going to make this mine profitable, there are just insufficient diamonds per tonne of material mined. Doesn’t matter how much they increase productivity costs will outweigh revenue.

[fatgreek] 27/2/2020 21:33

Blue rock interview todayhttps://www.proactiveinvestors.co.uk/companies/news/913856/bluerock-diamonds--mike-houston-on-19mln-raise-and-plans-to-double-production-913856.html

[fatgreek] 27/2/2020 21:29

Presentations outhttps://www.bluerockdiamonds.co.uk/assets/Feb%202020%20Presentation.pdfLooks promising

[czar] 22/2/2020 13:39

This looks ready to grow now. There should be a steady flow of positive announcements this year and next.

[mconit6] 22/2/2020 11:29

Last year they said at the Turner Pope investor evening they said ( I’m paraphrasing)that they could see no reason to raise cash unless an extraordinary situation came about. This year 2 extraordinaries things happened: a new plant became available at a great discount and an agreement was made to connect to the main grid, so we will double our production and reduce our fixed costs. That is a judicious reason to raise money, unlike the bad old days.

[encarter] 20/2/2020 17:00

Good news next week.

[costax1654x] 20/2/2020 16:51

Diamond in the ground worth 40 mil PROFIT!But Let's stop dilutions!Yr by yr by yr!

[costax1654x] 20/2/2020 16:50

Last yr they said no more Placings!

[encarter] 20/2/2020 08:48

You can buy under the mid price if anyone wants any? Unfortunately I have enough.

[encarter] 18/2/2020 16:23

Placings are fine but if they believe in the future then why at a discount?

[fatgreek] 18/2/2020 16:22

Alliance News) - BlueRock Diamonds PLC said Tuesday it has raised GBP1.9 million via an oversubscribed placing and subscription of 2.2 million new shares at a price of 85 pence each.BlueRock Diamond shares were trading 9.0% lower in London at 88.75 pence each on Tuesday afternoon.The AIM-listed diamond mining company said the proceeds will primarily be used to "fast-track a doubling of production" at Kareevlei diamond mine in the Kimberley region of South Africa and "to reduce unit costs significantly."Executive Chair Mike Houston said: "Thanks to this placing, BlueRock can fast-track a material increase in production volumes from the 323,000 tonnes achieved in 2019 to a run rate of 750,000 tonnes per annum and a consequent expected increase in carats to over 30,000 by the end of 2020.""Furthermore, we are optimising profitability through reducing unit costs by investing in infrastructure and the benefit of the much improved economies of scale; to this end, our target is to reduce cost per carat by approximately USD50," Houston said.By Loreta Juodagalvyte; [e-mail] 2020 Alliance News Limited. All Rights Reserved.

[grahamwales] 18/2/2020 16:01

Didn’t they say they wouldn’t require further placings, another BS company that will keep on taking.

[livewireplus] 18/2/2020 15:18

Well we did indeed get the news - a mix of good and bad ... but for longer term positive....

[livewireplus] 17/2/2020 14:22

Well there's a trade of 1 share gone through earlier this afternoon- so does that indicate good news, bad news or no nudes is on the way ... ?

[homebrewruss] 30/1/2020 20:02

Investor q&a recording

[fatgreek] 30/1/2020 18:15

https://www.valuethemarkets.com/wp-content/uploads/2020/01/BRD-investor-presentation-Q1-2019.pdf

[encarter] 28/1/2020 16:29

Pointless announcement really.