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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Firestone Diamonds Plc | FDI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.20 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.20 | 0.20 |
| Top Posts |
|---|
Posted at 18/7/2023 10:17 by corrientes1 Just had a peculiar call about someone wanting to acquire the FDI ticker. I think I or my wife sold shares in the company years ago. The caller talk about offering money but needing to pay out something first, which sounds to me like a variation of a typical scam, but who knows. |
Posted at 18/1/2023 17:42 by bcape Production is ongoing... should be an auction sale of some of FDI's better diamonds soon.Corporate Actions are still trying to sweep up stranded shares of no apparent value,probably looking for some holders to crystalise their losses agsinst profits elsewhere, to save capital gains tax. HOLD for me... long term. Anyone else here still holding FDI shares? No point in me posting here if there are none... |
Posted at 09/12/2022 17:12 by bcape All resolutions at the AGM were passed yesterday. FDI will therefore continue production with 81% of the shares in 'Pacific' hands, 19% with private shareholders.It will also now change its articles to become a Private Limited Company, whose shares will still be tradeable through J P Jenkins, at lesst when a few people are willing to actually sell and buy FDI shares on a "matched bargain basis'. Debt levels are very high at present but diamond prices have improved, especially for the smaller diamonds since closure of the Argyle Mine. Quarterly reports should tell us enough on diamond volumes, revenue and costs to determine if FDI should, all being well, eventually be profitable. The Cut 3 decision to mine further down will need to be made before the end of 2024, requiring both extension of the Mining Lease by the Lesotho Government and some upfront investment. The biggest uncertainty now is whether diamond extraction will improve with depth and changes in the kimberlite zones, i.e. bigger, higher quality, coloured & clear gem stones.As ever with FDI, the next two years will be critical. The staffing is excellent and the commitments are high... we can only hope for a positive outcome. |
Posted at 21/10/2022 17:48 by bcape Corporate Action, Takeover offer for a paltry amount per FDI share is now open until 10th January 2023.It is still a firm NO from me... |
Posted at 27/9/2022 12:34 by bcape The 2021 Firestone Diamonds Annual Report has now been published, and can be read from the FDI Web Site.Mining is to restart in October, all being well. The major share holders are listed, inclusive of Edwards Family Holdings, implying none of the larger holders have sold other than one of the Bond Holders we knew about. It looks like Pacific Capital associates will be well short of 90%, but at least 77%, as they always expected I feel. Debts have been restructured... could have been much worse - an advantage to us where bond holders are also major share holders. Diamond prices are currently good, so the next year will be interesting. If profitable, I expect the 3rd cut plan to also go ahead, which will revalue the mine and add at least 5 years to its working life. It will also be interesting to see if the FDI price moves at all over the coming month, as NONE have traded for about 2 years on the market through J P Jenkins. HOLD & HOPE by me, unless I experiment with a small sell offer at some point, at least 3p c/w current 0.2p and the still open Corporate Action offer at 0.01p |
Posted at 17/8/2022 17:35 by bcape Yup... fully agree, they are not going to get my FDI shares, nor many others, at that price.This was a vehicle to get the mine restarted, so bond holders could still get their interest payments & capital repayments; and profit through their overall shareholdings. None of this has diluted our c.27% shareholdings and prospects for recovery look good post October if diamond prices continue to hold up well. No doubt we will hear more early in September and later in October. Once we start selling diamonds again, it will be interesting to see how the share price moves & if any get traded. My hope is that the debt gets paid off rapidly from some large, high quality diamond finds & good price sales; and dividend payments start. |
Posted at 28/7/2022 11:56 by bcape The FDI Board did not recommend acceptance of the Offer to individual shareholders but said this had to be a personal decision... effectively accept only if crystallising the loss has tax advantages to offset tax on profits elsewhere.The Chairman's letter noted that Keith Johnson was to stay a director and will retain his personally owned shares even though his company which owns bonds and c. 30% FDI shares has committed to sell their shares in order to protect their bonds, interest and repayments due in reality as I see it. The price at 0.01p a share (company market value of c. £85,000 in total) is low enough to not be an incentive for anybody to sell their holdings if they have any faith that FDI will recover once production re-commences. Key here for most private FDI shareholders will be Edwards Family holdings and a couple of the prior directors who have not sold their holdings as far as I know. I reconfirm that I will personally not take up this offer which will, any way, become unconditionally accepted by two of the major share & bond holders in about 14 days time to give the > 50% shares sought (c. 77% is estimated). |
Posted at 25/2/2020 11:57 by kirk 6 How are you allowed to "quit aim" when aim has been a mechanism for funding FDI? Surely FDI would have to go into liquidation first as shareholders have be the source of funding |
Posted at 25/2/2020 08:56 by andy FDI are delisting from AIM!And they already have 74.19% of supporting votes, so only need another 0.81% to carry the day! I have thought this was going to happen for the last couple of years, so not a surprise for me. ------- Firestone Diamonds plc (AIM: FDI), the AIM-quoted diamond mining company, announces that a circular (the "Circular") has been posted to Shareholders today convening a General Meeting to be held at 10.30 a.m. on 13 March 2020 to approve the cancellation of the admission of the Ordinary Shares to trading on AIM (the "Cancellation"). The AIM Rules require that, unless the London Stock Exchange otherwise agrees, the Cancellation must be conditional upon the consent of not less than 75 per cent of votes cast by the Shareholders, given in a general meeting of the Company. Gowlings offices at 4, More Riverside if anyone wishes to attend he last rites..... |
Posted at 23/8/2019 09:22 by superg1 JackI keep a close eye on FDI. I called it a buy at 17p having been tracking PRG (warning PRG was a scam) and therefore researched the feasibility studies of the various Lesotho mines. At 55p I had FDI as a sell as much was priced in pre start of the mine and the diamond market wasn't looking that great. De Beers as you know have created this problem and various diamond related business have gone bust. I would expect in the fullness of time for the rot to clear through and then a reset of the market. If FDI are still around they will be well set for that. As in all things newcomers chase the hot sectors. Graphite hype and 50+ junior players appeared in a market where they were never going to be able to get a share of the market. Lithium same issue and it's impacting the majors now with the various companies that scrambled to produce Lithium. Diamonds have been a no no for a few years now so the scramble isn't there. FDI have developed a big mine and ran into a bad diamond market. One part of the FDI head-scratcher for me was the lack of big diamonds early on which made me sceptical about the claims of finding, but breaking big diamonds in the test mining. So FDI one to watch but based on the diamond market. FDI deserve a few big stones for all their work and hopefully some of higher valued fancy coloured ones. |
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