Firestone Diamonds Share Discussion Threads

[andy] 02/11/2018 10:13

ast,


"I think odds are in our favor."


How on earth do you work that out?

[astjgroom] 02/11/2018 09:51

why we are invested and I why they built the mine, for the specials...One good diamond could change the entire balance sheet, extend mine life, reduce debt, I think odds are in our favor. Added this morning.

[davethehorse] 02/11/2018 09:35

We could do with the mm on the 4.5p offer coming off. Seems they have a bit of stock on the books.

[andy] 02/11/2018 09:27

AB,

But in all honesty, that's like hoping to win the lottery without taking into account the odds for doing so!


Hope isn't a great investment strategy.

[abtwo] 02/11/2018 05:36

As I mentioned, unless they can find a "special" stone(s) for each and every sale then at an average price of US$70/carat they will never be cash positive/pay off their debt.
Of course a one off Letseng type diamond would change everything :-)

[andy] 01/11/2018 16:01

dave,


Yes as you rightly say, they are locked in, any attempt to sell in size would collapse the share price.

[davethehorse] 01/11/2018 16:00

Speaks volumes at this price. The big holders are hopefully remaking to keep faith although I suppose they have no choice but to!

[andy] 01/11/2018 15:33

dave,


As tanelorn says, the debt is the problem, anyone bidding would have to take that on as well!


No wonder the directors aren't buying!

[tanelorn] 01/11/2018 15:02

Debt not serviced, start repaying in July 2019, and not earning enough.

[davethehorse] 01/11/2018 14:13

Anyone think FDI might be an acquisition target at this sort of market cap? They would appear to be well on their way to being a decent diamond producer now, admittedly with a fair bit of debt but thats being serviced and the cash balance is healthy.

[davethehorse] 01/11/2018 13:45

Oh well if it drops to 4p on the offer might have to top up again but would really like to see some director buys first

[andy] 01/11/2018 13:38

dave,

Another new all time low?


With the debt overhang I can see why people might be selling.

[davethehorse] 01/11/2018 13:23

You would think at these depressed prices the directors would want to show their support and dip into their pockets for at least a few 100k eack and give the price a boost

[davethehorse] 01/11/2018 12:48

Seems strange dumping stock at these levels but each to their own...

[davethehorse] 30/10/2018 10:11

Personally would be positive at this stage on FDI, they seem to be turning a corner and with the share price very depressed now could be the time to take full advantage IMO

[tanelorn] 30/10/2018 10:02

Small write-up in 'share angel', nothing new gleaned. They were marginally cheered by the better larger diamonds.
Conclusion? - neutral

[abtwo] 29/10/2018 23:34

@mdalos1 "Hmmm ? What can it all mean ?"

It means that without one or two good stones the average diamond price is only US$70.

i.e. Take off the $1mill for the 68carat stone from the recent sale price and then divide the remainder by the number of carats sold.

[davethehorse] 29/10/2018 22:56

https://www.thediamondloupe.com/mining-and-exploration/2018-10-29/firestone-diamonds-promising-start-q2-2019

[tanelorn] 29/10/2018 12:20

cpht drops, yet some larger, better diamonds, help (i hope it's not a blip).

Another quarter ticks by, and still the engine is stalled, indeed they have been lucky with the exchange rate. Still haven't heard reference BK11

[bigglesbingham] 29/10/2018 11:05

Yea probably

[davethehorse] 29/10/2018 08:04

Happy to keep adding at 5p and below

[davethehorse] 29/10/2018 07:32

Very positive update (at last!) had a feeling some decent sized stones were going to be revealed, great news for the loyal holders, FDI at last looks like becoming the success story it's always promised!