Firestone Diamonds Share Discussion Threads

[tanelorn] 22/3/2018 22:52

April i think.

[andy] 21/3/2018 00:13

potter,

Now 7p on the bid!



Earnest,

Yes it seems that way, and it's a good question.


As Delia would say, "where are you, where are you, lets be 'aving you"

[earnestwipplethwaiteiii] 21/3/2018 00:02

It's become ever clearer that the mine's viability is pretty much predicated on larger stones, fancies etc - find them and survive, without them it's curtains unless the diamond market turns uber-bullish. But where are they?

[andy] 09/3/2018 09:34

jack,

I didn't make a profit!

Just a smaller loss than had I kept them longer!

[jackbal] 09/3/2018 04:27

Should have said cashed out!

[jackbal] 09/3/2018 04:26

Thanks Andy, completely understand your sentiments.

Good luck to you too with your remainder and glad to hear that you cashed Pitt the majority of your holding at higher prices.

Fingers crossed we see some good news soon.

[grant avish] 08/3/2018 19:28

Someone playing this IMO

[andy] 08/3/2018 17:05

Jack,

I'm a disgruntled small holder, though not very many now, I've traded out of my large position years ago .

I've been a shareholder for many years, around 15 years or maybe more from my first purchase, and just when you thought the new management team had cracked it, the shareprice starts to slide again!

Almost down 95% from the recent top, and yet the market cap is still over £35 million!


The lack of larger stones being recovered is also a concern, IMO.


Good luck with your investment, I would like to see them turn the corner too.

[varrirob] 08/3/2018 16:44

As a long term holder if I had it to top up then I think at this price I probably would, mainly to average down but in the hope that by the end of the year we would have seen a change of fortune.

[jackbal] 08/3/2018 15:16

Andy I paid 7.14p for 5k and will add another 5k's worth if price falls to the 5-6p range.

In total I am prepared to have a 10k gamble on this at or below these levels so certainly not betting the farm.

Whats your position in this? Are you a disgruntled holder (I wouldnt blame you), are you an ex holder with losses considering buying back, are you short?

Ive stated my position and if I lose, I lose. People shouldn't take these gambles unless they understand they could lose the lot!

Will be interesting to see if win or lose!

[andy] 08/3/2018 14:07

Jack,

"overreaction"?

Have you read the recent RNS'?

"follow the money" is what they always say, and it has been exitting here, and there's probably a reason for that, the market always knows before we do.

[jackbal] 08/3/2018 13:18

I bought because of the chart rather than in spite of it.

Stock lost almost almost 90% of value in 12 months. Looks like an over reaction to me.

We shall see.....

[andy] 08/3/2018 13:07

jack,

Sadly the chart tells it's own story, the market tends to know before we do.

[jackbal] 08/3/2018 13:01

A moderately positive RNS should see a move back to rights issue levels in my opinion

[jackbal] 08/3/2018 12:48

been watching this for a few weeks after the discounted rights issue.

Think we are close to the bottom, in for a punt. Wanted to get in before the 18th.

Good luck all

[varrirob] 06/3/2018 12:44

I am hopeful that now they are processing the higher grade ore which was mentioned in the last AGM we might start to see a better distribution of better quality diamonds. I also can't help but think with the combined experience in the senior team that they aren't now starting to process out some of the initial teething problems that they had at initial start up. I remain hopeful as ever and if the market starts to favour diamond prices in general, we could, with some luck and a few good stones turn this around.

[abtwo] 06/3/2018 09:04

The good ones are there, just a lot of dirt between them so, in time.............

[tanelorn] 02/3/2018 20:15

March 19th.... Next auction.

[tanelorn] 02/3/2018 14:12

Pottermagic>

This is actually the reason i'm not out...

The mine has been given an 18 mth life line, so i don't expect capitulation within this time frame.

Should the mine under-perform ( at less than $75 ) for three consecutive auctions, the bank can force the issue with regard to foreclosure or refinancing.

This is possible, but improbable. This current year should shed light on the future.... Just worried by lack of insider buys.

Diamond prices are expected to increase during 2018, although one investment firm has shorted diamond prices....!

[astjgroom] 02/3/2018 12:31

We need a good stone, at least. Every morning I check the rns looking for a good stone! Come on baby