Firestone Diamonds Share Discussion Threads

[varrirob] 11/4/2013 16:50

Well there is only one thing that gives me the smallest glimmer of hope and thats the amount of shares held by large insti's. I can't beieve they would allow this to go pop. There are too many shares in issue with no one major percentage holder for it to go private (if i understand that to be correct). Like i said though, smallest light on the horizon currently.

[earnestwipplethwaiteiii] 11/4/2013 16:24

Mr Keeny - I imagine there is a very good reason for the results not being trumpeted from the rooftops - they were likely less than stellar, and Firestone is a great one for a fudge, as experienced investors here know only too well.

[mr keeny] 11/4/2013 16:04

Management don't even have the decency to inform shareholders of what revenue the last tender brought in but then again I would not expect them to shout about it as it was low quantity of around 30,000 carats I believe.

This forthcoming tender will also be nothing to shout about too as mining still suffers great problems nearly 2 years after the initial problems was discovered which has still not been resolved.

As I have said many times, in my opinion, not long not until this bundling outfit goes pop along with all the long suffering shareholders investments.

[valentine] 11/4/2013 00:15

Gangsters and liars, seriously economic with the truth..Wilkes and Kenny lied through their teeth at £2.00 plus what do, and why should, they care now?...If you think they care then buy some more!
Take what you have and buy KIBO!

[varrirob] 10/4/2013 23:16

I have also mailed Firestone to express my concern at the deterioration in the share price and express my personal views on the company performance. I know i am only a very small fish in a big pond but i think "what the hey" i am invested here after all and so i have as much right to say what i feel as any of the large investors. Don't expect a reply but it's out there all the same.

[varrirob] 10/4/2013 22:44

I am bracing myself for the worst. What a mess.

[mr keeny] 10/4/2013 20:54

A further decline in the share price today as expected.

Not long now, for those invested, until the ultimate disappointment.

[mr keeny] 08/4/2013 12:19

"although management always presented FDI as a long term investment not a trade!"

I disagree Andy.

If this were the case past and current management would have taken far greater personal holdings.

None of the management have any real significant holding and it seems to me they are more than happy to carry on claiming their undeserved salary whilst watching the share price sink to new lows losing investors money instead of their own.

The bottom of the share price has not been reached yet and not long now before this goes pop in my opinion along with many long suffering investors money.

[andy] 08/4/2013 09:56

earnest,

Generally on AIM a delay is not a good sign, and I feel that the delay here is not likely to be for beneficial reasons either, but happy for FDI to prove me wrong of course!

As you rightly stated above, whilst investors have done badly out of FDI, management have done extremely well, earning well in excess of the British Prime Minister whilst presiding over what has turned out to be a total disaster for long term holders.

Clearly traders have had the possibility to have done much better, although management always presented FDI as a long term investment not a trade!

[earnestwipplethwaiteiii] 08/4/2013 09:26

Still no tender results? What's holding them up, one wonders...?

[valentine] 02/4/2013 02:37

Possibly, Earnest. They will continue to line their own pockets imo. Avoid! Bunch of gangsters!

[earnestwipplethwaiteiii] 02/4/2013 02:33

Val - while I think it's wrong to blame directors for the day to day share price movement, there is no doubt that, with the benefit of long perspective, we can see that Firestone has been a lucrative vehicle for management while at the same time being an absolute sink hole for the common investor. I can understand your justifiable anger at the hopeless strategic decisions that have been made over the years, concurrent with the Kennys and their ilk rewarding themselves lavishly.
In my view it only remains to see what form the endgame will take - II buyout?

[valentine] 02/4/2013 02:00

I bought these shares @ £2.00 I recall, personally assured by Mr Wilkes and Mr Keeney that they would hit £5.00. Lying toerags..Gombeen men, the both! Eff uk off the pair of you!! Still totally dodgy!! Wilkes is a geezer, a shyster of the first water! Keeney?, I can't forgive you as a fellow Irish man. Mr W, is a lying/robbing Brit, ..I hope I never bump into Keeney again in your lovely Portugese housing complex. Gombeens, the lot!!!

[valentine] 29/3/2013 12:41

No one trusts them anymore!! Me, nor the Botswanan Govt, nor the chaps in suits!!
good luck..better off elsewhere!!

[diablo1967] 29/3/2013 12:28

My pessimistic friends I still feel that there is good money to be made here buying or averaging to this level without doubt will show a healthy return on your investment ....Good luck which ever way you play this and in all your investments ...Make money it's what it's all about Regards

[mr keeny] 28/3/2013 11:59

Improved operations?

You sure.

The breakage problems is still ongoing nearly 2 years after it was found and they still are not certain where it stems from!

Additionally, check the throughput at the current plant, 100 tonnes/hour, they were doing this rate a long time ago......or so they told us!

[abtwo] 28/3/2013 11:00

Diablo,

Again you have missed the critical numbers :

$/ct : $102

Grade : 24.8ct/100t

Gross Revenue/tonne = $102 x 0.248 = $25.3/tonne.

Net Revenue Post Royalty/Sales cost : $22.77/tonne

I can assure you this will be below the current site Op cost, therefore as stated in the accounts they continue to burn cash.

One must give them credit for the improved operations and the reduced loss for the period.

[earnestwipplethwaiteiii] 28/3/2013 10:38

As usual, the RNS raises more questions that gives answers:

- Results of latest tender?
- Status of criminal investigation?
- Progress on funding for P2?
- Progress on grid power?
- Likely CAPEX to upgrade P1 (yet again) and downstream?

I'm sure others can add more.

[mr keeny] 28/3/2013 09:08

More poor results and I just hope other never took Diablo's advice when he turned up he waving the buy signals about.

If you had followed his advice you would be a lot poorer today.

Lot of discrepancies in todays results compared to other but they are the jedi's of obfuscation.

Not long now until the pop.

[andy] 28/3/2013 08:01

AB,

Exactly!

Four months on from those figures, I wonder how much cash is remaining?