Firestone Diamonds Share Discussion Threads

[astjgroom] 12/2/2019 22:05

You need to type near-gemInto the internet n look at the quality

[tanelorn] 12/2/2019 14:51

A rock with facets that were gem like, a composite rough diamond, of little value. £100k still better than nothing.

[astjgroom] 12/2/2019 14:46

The 326carat was not gem like. It's worth almost nada, industrial use. Maybe $100k from what I've read elsewhere.

[earnestwipplethwaiteiii] 12/2/2019 14:32

Yes, the term 'gem-like' seems to denote worth slightly more than 'industrial' - to be flippant for a moment.

[gbgold1] 12/2/2019 13:50

Mdalos1- pretty sure there was a footnote on something a month back to say the “gem like” 326 ct was hoping to be fetch £100k.

[andy] 12/2/2019 08:03

earnest,


You ramper! :-)

Good to see another decent stone recovered, at least it shows the potential remains, if only they could be found with a bit more frequency.......

[earnestwipplethwaiteiii] 12/2/2019 07:34

Another big sparkler! At this rate the share price may actually move off the floor.

[abtwo] 12/2/2019 07:31

Maybe they took a leaf out of the nearby Mothae mine and will instal one of the XRT diamond recovery machines : hxxps://www.lucapa.com.au/sites/default/files/asx-announcements/6916400.pdf
Then they may see some of the TypeIIa diamonds?
Makeable..shmakeable, this is not D flawless which is what they need ASAP.

[tanelorn] 12/2/2019 07:18

Low grade area can produce big stones,,, "seen it before"

[abtwo] 12/2/2019 03:39

A bit of a nothing interview :

[davethehorse] 11/2/2019 23:28

Another article on the same themehttps://www.miningmx.com/special-reports/mining-indaba/mining-indaba-2019/35911-low-value-diamond-market-hanging-on-for-inevitable-demise-of-rios-argyle-mine/

[astjgroom] 11/2/2019 12:04

Ha! Perhaps! I would almost/actually like them to discover some mistake, gawd what a f up that would be though.

[tanelorn] 08/2/2019 09:41

Some time ago Stuart Brown reported that FDI's diamonds were low florescence, and that was a good thing. But i'm extremely surprised they haven't run samples through an x-ray machine before!

[abtwo] 08/2/2019 08:14

@astigroom : Maybe they read these posts?

My post from 6 Dec

@mdalos1:
There will always be breakages and FDI will be monitoring this in conjunction with their diamond valuers/sellers.
If some big gems had been crushed recently then even the pieces should have helped bump up the overall sale price - we have not seen this.


What would be of more concern would be if the diamond recovery equipment was not recovering the Type IIa diamonds, so let us hope they are auditing their tailings using a different recovery method!!

[andy] 07/2/2019 23:04

ast,


Ah, the 'Lesotho backstop', ensuring an open border with Antwerp.

[astjgroom] 07/2/2019 21:43

Interesting. Argyle closing offers a 'backstop' if I dare use that word. I don't know what I think about the double checking of the X-ray machine, I suppose it's good but you would of thought checked sooner.

[andy] 07/2/2019 20:38

Slide 8 here is illuminating;

[andy] 07/2/2019 19:55

Dave,


Thanks for posting that.


In reality they have no choice, they are in a tight spot, as are the lenders who I guess don't want to mine it themselves!



If Argyle closes on time a significant amount of supply will leave the market then hopefully prices may recover, particularly for the low value run of mine stones.


Apparently synthetics are causing price dips at the ROM level, and not really a surprise really, I'm amazed it's taken so long.

[davethehorse] 07/2/2019 16:57

https://www.businesslive.co.za/bd/companies/mining/2019-02-07-firestone-diamonds-to-ride-out-low-price-doldrums/