Firestone Diamonds Share Discussion Threads

[astjgroom] 02/3/2018 10:55

Gawd, are there any diamonds even at this mine...

[varrirob] 01/3/2018 15:51

I will do but not holding my breath.

[andy] 01/3/2018 04:23

varrirob,

Well done, please let us know if you receive a meaningful reply.

[varrirob] 28/2/2018 21:48

Sent an email off. Not expecting much but gets a few of my concerns aired.

[varrirob] 28/2/2018 16:37

I think it might be worth firing off a couple of e-mails though. It may not achieve anything but if enough shareholders do it then we might get some idea as to what is going on.

[andy] 28/2/2018 14:57

earnerst,

The market cap is still £28 million so I fear you are right, there is potentially more downside, and the constant slide suggests all is not well, IMO.

[tanelorn] 28/2/2018 13:28

Getting advise from the directors is not possible, at least for small shareholders

The best advise is to observe what the directors are NOT doing, ie buying shares.

Sadly i agree with earnest.....

[pottermagic2310] 26/2/2018 12:19

How can the MC be just £27m ??!!!!

[earnestwipplethwaiteiii] 26/2/2018 11:16

I am quoted 7.5p to buy just now, despite the bid being 7.5. That says to me there is very little support at this level. I'm tempted, but I wonder if this is headed much lower.

[andy] 09/2/2018 00:15

potter,

I had a buy target of 20p, but by the time that arrived I had dropped it to 15p, then 10p, now it's 5p.

I fear more bad world economic news, cryptos are falling wiping put vast paper wealth, now the DOW is wiping out more wealth, property could be next, so it may take the diamond market a while to recover, IMO.

I do agree that, if they can keep going, there will be a good entry point somewhere.

[pottermagic2310] 08/2/2018 20:33

Just keep averaging down and wait for the Golden Goose to come to roost

[superg1] 08/2/2018 10:58

The bit that troubles me here is how did the feasibility bring up so many big stones that they managed to break but ramped up production virtually nothing.

It does start to make one doubt previous claims.

To think this was an obvious buy at 17p due to the comments pre plant build and at 7/8p now few are interested.

[andy] 08/2/2018 10:00

The bid is now 7.7p!


The last placees must be delighted!

And with the market cap still at £40 million, there could be further falls ahead until they release some good news.

GLTA

[pottermagic2310] 08/2/2018 09:54

The thing I like about this right now is that we can forget all about it for 6-12 weeks at a time and simply wait for periodic Sales news which is naturally reflective of operational outcomes.

Bit of a yawn but following its massive re-rating this past quarter, all we can do is sit it out

[varrirob] 01/2/2018 12:06

We need some news soon otherwise the rot will really set in and given the placing was at 10p it can't be allowed to drift much more.

[pottermagic2310] 30/1/2018 14:07

I'm betting we find something very substantial this year that changes the valuation very significantly for the better.

[andy] 22/1/2018 12:33

Aye.

How low can it go?

Cap still £45 million, so still a bit more of a fall possible yet, IMO.

[pottermagic2310] 22/1/2018 12:30

Getting worse !!
:--(

[andy] 21/1/2018 11:54

The bid is now 8.5p, and the market cap is still £45 million!

[pottermagic2310] 20/1/2018 16:42

I look forward to the day we can claim we presented the "Lesotho Leviathan" to the World... along with the "Firestone Phantasmagorical"... I would quite like to be the person to speak those words at a grand unveiling... LOLs

;-)

[abtwo] 20/1/2018 06:19

@tanelorn : hence the "..so far.." reference. Anyway who doesn't like seeing a big diamond?

This Bloomberg article whilst negative on diamonds does show an uptick in polished prices over recent months :

[andy] 20/1/2018 00:38

Another 4 million shares issued, FD now 509,000,000!