Bluerock Diamonds Share Discussion Threads

[kaka47] 15/3/2022 18:31

Interesting

[tim000] 15/3/2022 08:27

Assuming the next CS auction results in sales of individual diamonds above $50k, the results should be announced about two weeks today.

[tim000] 14/3/2022 12:22

It goes without saying that the real attraction of the company is the possibility of it finding another 50+ carat stone, but this time in perfect condition.

[tim000] 14/3/2022 11:57

I have had grahamwales on filter for a long time so I’ve no idea what nonsense he used to spout. But he seems to have gone dark. I’m sure the other readers of this thread would greatly appreciate his latest thoughts on the company.

[tim000] 14/3/2022 11:53

We’re not well sighted on costs of the expanded operations yet. But the company had offered guidance of prices per carat of $400 from memory. Assume that is break even. That suggests EBITDA of £8 mn if your price and output forecasts are correct. As you say, not reflected in the share price.

[czar] 14/3/2022 11:35

I don't know what forward EBITDA looks like but they are forecasting 45,000 carats per annum and taking the latest sales price $638pc gives BlueRock sales of $28.7m. That is a lot for a Company worth less than £10m. Does anyone know the expected EBITDA?

[tim000] 07/3/2022 15:40

The surge in prices announced recently, about 50% above guidance, shows how wise the management were to invest substantially in additional processing capacity. In the short term, that delayed profitability and required further dilution at unwelcome discounts. But those steps were absolutely necessary to benefit from economies of scale and secure a bright future for the business. I think we’re going to see a very profitable year.

[king suarez] 07/3/2022 14:44

I assume this rise in BRD is in relation to PLD tender results, showing strong diamond price sales?

Not in here, but bought PDL recently..

[ray164] 07/3/2022 14:37

That's a nice rise out of the blue. With the rise in commodity prices and diamonds in particular in recent months, plus the market gradually cottoning on to the improved production and cash flow at kareevlei, the next 6 - 12 months could see a significant re-rating of the company.

[tomboyb] 17/1/2022 16:28

46.2p paid -

A lot of early buyers out so lets see what transpires during the week -

[tomboyb] 17/1/2022 16:00

Well -

today's early buyers taken out -

15k max online at 45.22p -

Slowly up to 50p -

[snowy20] 17/1/2022 15:40

A good rns for holders . not so for shorts ,They try drop price later this week .

[tomboyb] 17/1/2022 14:52

BlueRock Diamond shares surge as annual revenue more than doubles
Mon, 17th Jan 2022 14:40Alliance News
(Alliance News) - BlueRock Diamonds PLC saw its share price rocket by over 40% on Monday after it released positive results from the final quarter, and maintained guidance for the year ahead.

The Reading, England-based diamond producer reported revenue more than doubled year-on-year, up to USD10.8 million for 2021 from USD4.8 million in 2020. This meets the previous guidance range of USD8.8 million to USD11.6 million.

BlueRock's share price rose by 43% to 42.33 pence in London on Monday afternoon.

Total carats produced stood at 23,497, up 53% year-on-year from 15,371. Total tonnes processed was up 28% to 516,000, from 402,000 in 2020. The value per carat came in higher than the upper estimate of USD440 at USD470, and the grade also surpassed the upper estimate of 4.3 carats per hundred tonnes, coming in at 4.55.

The good news follows a setback in December, where a Covid outbreak in its Kareevlei mine in South Africa forced the company to halt operations. Despite this, the diamond producer still managed to produce 44% more carats over the quarter at 6,866, up from 4,781 in 2020's final quarter. Revenue in the final quarter also increased by 67% to USD3.0 million, from USD1.8 million the previous year.

Executive Chair Mike Houston said: "While we faced many challenges during 2021, we have seen production levels and the grade increase significantly and with that a 41% increase in our carats sold. The market has remained buoyant throughout the year with prices returning to levels above those of 2019 resulting in revenue more than doubling in 2021 compared with 2020."

Looking ahead to 2022, BlueRock expects first-quarter production to be "materially higher" than 2021 which saw 86,005 tonnes sorted, having the capacity to ramp up production when permitted by the weather, as well as existing crushed ore inventory.

It maintained revenue guidance for 2022, between a range of USD16.0 million to USD17.2 million, as the market remains positive, with diamond supply tight and demand high.

By Elizabeth Winter; [e-mail]

Copyright 2022 Alliance News Limited. All Rights Reserved.

[tomboyb] 17/1/2022 14:38

50k buy from earlier -

[tomboyb] 17/1/2022 14:20

NT at 47p -

[tomboyb] 17/1/2022 13:45

NT at 45p -

[tim000] 17/1/2022 13:43

Absolutely, ray164. An absolute steal for any investor willing to take a medium term view and stop fretting about short-term share price volatility associated with covid - which the management were hardly responsible for!

[tomboyb] 17/1/2022 13:01

NT at 42p -

Missed this and unfortunately MMs not giving any at these levels -

The RNS looks good TBH -

[ray164] 17/1/2022 12:52

With the release of their production figures BRD has gone from appearing a bit flaky and slightly anxiety provoking to be invested in to being an absolute steal.

Finally they have completed the upgrade of the mine and are producing near the capacity of the new plant. If they get any where near their production guidance for the year ahead the company and its share price will be transformed.

Bought some more today before the share price took off.

[grahamwales] 22/12/2021 09:16

20p placing perhaps or just above

[grahamwales] 22/12/2021 09:16

No doubt rainy season will be the next reason for closure. Sounds like workers wanted early Xmas break.

[burtond1] 21/12/2021 06:42

The Doc is back in town......but is @DDS_DocHoliday back for good?In the first of two podcasts Doc talks to @copytaster about some standout opportunities.Companies covered include : #BEN #BRD #CGO #CMET #HMI #KNB #LIFE #LND #OCTP #PALM #PDL #POWhttps://total-market-solutions.com/2021/12/guest-interview-vol-13-doc-holiday/

[barrywhit] 23/11/2021 07:53

At what price a placing if they go down that route! 30p???

[grahamwales] 20/11/2021 12:34

Simple fact is costs exceed revenue always have done and always will. Mine closure has nothing to do with how many diamonds they are mining. By their own admission processing has not stopped.

How long before they run out of material and will the next excuse be rain.