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Share Name Share Symbol Market Type Share ISIN Share Description
Firestone Diamonds Plc LSE:FDI London Ordinary Share GB00BKX59Y86 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.20 0.15 0.25 0.00 0.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 45.1 -39.8 -6.5 - 1

Firestone Diamonds Share Discussion Threads

Showing 14701 to 14721 of 14850 messages
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DateSubjectAuthorDiscuss
04/12/2019
11:56
Buy algw and thanks me later
costax1654x
04/12/2019
10:57
Indeed, nobody is looking at the fundamentals of the company at all, it was at 0.4p for a reason, and nothing's changed really, just the restoration of electrical power.
andy
04/12/2019
10:55
MM heaven!
davethehorse
04/12/2019
10:45
"Additional costs associated with operating the rented diesel generators during this period were approximately US$1.1 million and an insurance claim in respect of the loss of profit and the additional operating costs is in the process of being compiled." That's at least positive, I wonder if they're claiming against the electric company or an insurence company?
andy
04/12/2019
10:40
Somebody paid 0.79p, now the bid's 0.65p!
andy
04/12/2019
10:16
Up 53% currently and top of the leaderboard! The buying started within seconds of the RNS, which looks a bit strange to me.
andy
04/12/2019
10:15
Great for the mms to make money....
davethehorse
04/12/2019
10:15
Yup, the lecky back on but what else has changed?
davethehorse
04/12/2019
10:12
Yes the electric's back on! Quite why the price has jumped so much is beyond me though, nothing has changed, and they're about to issue another load of dilution early next month to cover the interest owed on the debt. I can't imagine the next set of results will be a pretty sight!
andy
04/12/2019
09:45
Power has been restarted -
tomboyb
03/12/2019
18:21
I've found the argyle mine date of closure. 31st October 2020.
astjgroom
03/12/2019
09:42
https://m.miningweekly.com/article/diamond-industrys-torrid-year-set-to-continue-for-some-time-2019-12-02
davethehorse
02/12/2019
10:00
1st of December now passed, I imagine Final Results will be out on Friday at 4:59pm?
abtwo
25/11/2019
15:23
These shares are going to be worthless soon, will go private imo. Ordinary shareholders will be totally shafted.
davethehorse
18/11/2019
08:36
Ab, Thanks for posting that, very sobering for investors in diamond stocks. Maybe a reason Lucara and Botswana have also taken hits recently. I have long held the view that synthetics will eventually take over the lower end of the market, as the average person cannot tell it from a real stone when its been worn on someone's finger.
andy
18/11/2019
08:30
Ex Bloomberg : Diamond Merchants’ Headaches Are Forever You know you have a marketing problem when you find yourself arguing that the competitor's product is "simply too perfect looking." Or when you fall back on warning people that if they buy the competitor's product they may not be able to resell it—when reselling it was never their intention anyway. That's the diamond business for you. It gets harder every year for diamond merchants to fetch a good price for their product because the competition is insane. First there's mounting production of natural diamonds. And now synthetic diamonds have gotten so good that for average customers they're indistinguishable from the kind that come out of the ground. On top of all that, some customers are turned off by the violence endemic in parts of diamond mining, featured in Leonardo DiCaprio's film Blood Diamond. What's a strategist to do? For De Beers, the diamond-mining unit of Anglo American Plc, conflict diamonds may be the smallest of its problem. Last year it announced a pilot program in Sierra Leone to track ethically sourced diamonds from their source, reassuring customers that they're not inadvertently financing violent conflict. Oversupply is a harder nut to crack. In July my Bloomberg colleague Thomas Biesheuvel wrote, "High-end jewelry sales are stagnating as other luxury offerings, like shoes, handbags and resort vacations, crowd the field." In October he reported that "demand for rough diamonds is continuing to plunge as polishers and traders refuse to buy stones when they can’t make a profit." And this month he quoted industry sources saying that De Beers cut prices about 5% at its November sale in the Botswanan capital of Gaborone, the first such price cut in years. In diamonds, as in any industry, the price in the most recent transaction determines valuation. So that price cut at the latest sale in Botswana didn't just affect the $390 million in rough diamonds sold there. It effectively erased billions of dollars in paper wealth by devaluing diamonds not involved in the sale. A successful painter once told me that the key to being collectible is to make sure your works fetch steadily rising prices. Any price cut—a "down round," in venture capital terminology—is a huge blow. If his agent senses that a work of his won't sell, he pulls it off the market and waits for demand to recover. Since losing its monopoly, De Beers can no longer do that. The challenge from synthetic diamonds is particularly interesting. Synthetic diamonds are to natural diamonds what robots are to factory workers—an improving and cheaper alternative. If they are "too perfect," that's solvable: Diamond factories can mimic the inclusions and chemical impurities that natural diamonds have. The last resort of diamond merchants is to say that synthetic diamonds have lower resale value than natural ones. That is a weak threat to mass-market customers, who don't buy jewelry with a focus on resale value. They buy them for the pleasure they get from them.
abtwo
12/11/2019
16:17
No, that's the par value of the shares. They would have paid a VMAP based on the price at the last few days of the month, so uch lower than 1p. Given the fall in price since then, unless the price rises by the end of the year, the next dilution will be truly horrific, IMO
andy
12/11/2019
09:08
We missed an RNS! Or at least I did. They issued TWO RNS on 1st November, one at 7 am announcing the resumption of mining using generators, then another in the afternoon issuing further shares and massive dilution for existing shareholders, as they continue to issue paper to pay interest on their loans. The cynic in me suspects the reasons for issuing a second RNS in the afternoon of the same day! Shareholders are being diluted terribly now, and with a new all time low price, the next issue due in a couple of months will be even greater, maybe over another 100 million shares? On Admission, the Company will have 645,072,236 Ordinary Shares in issue. - Is all you need to know...... ------- 1 November 2019 Firestone Diamonds plc ("Firestone" or the "Company") Issue of shares Firestone Diamonds plc (AIM: FDI) announces that, in accordance with the terms of the US$30.0 million Series A Eurobond debt facility ("Series A Eurobonds"), and subsequent to the passing of necessary resolutions at a General Meeting that was held on 15 October 2019 ("the General Meeting"), it has opted to issue, in aggregate, 79,600,454 new ordinary shares of 1 pence each ("Ordinary Shares") in respect of the quarterly interest due on the Series A Eurobonds, for the two quarters ended 30 June and 30 September 2019. In terms of the resolutions, the company is permitted to issue shares in respect of the interest due on the Series A Eurobonds to Pacific Road Resources Fund II L.P. and Pacific Road Resources Fund II (together "Pacific Road") and Resource Capital Fund VI L.P. ("RCF") for the 12 month period commencing from 1 July 2019 and ending on 30 June 2020 on a non-pre-emptive basis. As at 30 September 2019, Series A Eurobonds amounting to US$30.0 million had been issued. Accordingly, the Company will issue, in aggregate, 39,800,227 new Ordinary Shares to Pacific Road and 39,800,227 new Ordinary Shares to RCF in respect of the interest due on the Series A Eurobonds, for the two quarters ended 30 June and 30 September 2019. Application has been made to the London Stock Exchange plc for the new Ordinary Shares to be admitted to trading on AIM. Admission and dealings in the new Ordinary Shares are expected to commence at 8.00 a.m. on 5 November 2019 ("Admission"). On Admission, the Company will have 645,072,236 Ordinary Shares in issue.
andy
08/11/2019
07:40
Probably no surprise since they appear to not have enough Diamonds or Electircity and maybe even their water supplies are low? hxxps://www.timeslive.co.za/news/south-africa/2019-09-13-dry-katse-dam-highlights-need-to-conserve-water-in-gauteng-but-dont-panic-says-department/
abtwo
07/11/2019
11:18
Another new all time low!
andy
04/11/2019
20:27
Doesn't read too well..... https://www.zerohedge.com/markets/global-diamond-glut-crashes-de-beers-september-sales
andy
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