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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 00:00:00
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 14776 to 14800 of 14850 messages
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DateSubjectAuthorDiscuss
14/1/2020
20:12
VArrirob, I'm not planning to go but may change my mind nearer the time. I was hoping somebody was going to save me having to go to be honest.
andy
14/1/2020
19:41
Hi Andy, hope you are keeping well. I didn't go to the one last year and probably won't attend this one. I'm afraid the news won't be any different and I only have a couple of days AL remaining so can't really justify it. Hopefully someone can give a summary on this board or another board if possible.
varrirob
14/1/2020
08:48
If anyone is at the AGM maybe ask why no big diamonds?, what is their diamond breakage? and what tailings audits are they undertaking? In summary "Where are the diamonds"??!!!!! or "Why is the recovered grade so much lower than that predicted"??!!
abtwo
13/1/2020
12:33
Anyone going to the AGM this week?
andy
06/1/2020
10:45
The spread is 0.65 - 0.80, large enough to drive a bus through.
andy
03/1/2020
00:11
FDI AGM on the 17th January 2020 at 10.30 am at Tavistck's offices at 1, Cornhill.
andy
22/12/2019
15:10
Andy O/T you have a PM.
jack1236
21/12/2019
08:47
De Beers predicting a rough 2020. https://www.zerohedge.com/commodities/de-beers-diamond-sales-sump-again-rough-year
andy
20/12/2019
11:57
So maybe the delay was to finalise the debt and loan facility? The uncertainty about being a "going concern" is troubling (as is the npn-binding aspects of the term sheets) and required the Auditors to undertake additional work - so maybe this also delayed the report? Seems they have told everyone that things will be fine once Argyle shuts down so just let us get on for the next 12 months or so and you will get your loans/money back. Fingers crossed!!
abtwo
20/12/2019
09:06
Currently there are 565 million shares in issue, so an extra 66 million will increase that to 631 million, an increase, or dilution, of some 12%. And that's just to pay the interest for the quarter, no value has been added at all, but shareholders have been diluted 12%, just for one quarter! If the shareprice falls 12% as a result, the dilution for Q1 2020 will be even more horrific.............
andy
20/12/2019
09:01
Dave, In March each bondholder was issued with 9,449,732 shares = 18,899,464‬ additional shares when the share price was 2.1p Currently the shareprice is 0.6p mid, so around 3.5 times as many shares will have to be issued, in my opinion, or around 66 million new shares. I'm open to correction if anyone can see a flaw in that argument.
andy
20/12/2019
08:53
dave, Done their job, moved on to their next target, leaving those newbies attracted by their posts well underwater here. It's amazing that people still fall for the ramps, where do they find so many new gullible people? Looking at the shares issued last time. and the share price at the time, if they use 0.55p this time, I would imagine we will be seeing over 50 million new shares issued to the bondholders.
andy
20/12/2019
08:45
A fair assessment Andy, where have the rampers gone?
davethehorse
20/12/2019
08:43
Results out at last! Key points: Financial -- Lower revenue of US$57.2 million (2018: US$62.2 million); -- Lower average diamond value per carat realised of US$73 (2018: US$75); I would suggest they are between awful and terrible, but I suspect that is being kind in this season of goodwill........ The next dilution is a couple of weeks away based on the VWAP of these last trading days, so it was indeed fortunate we had the ramping recently that has given a 50% higher price, reducing the horrific dilution about to occur.
andy
18/12/2019
08:59
Ab, Good news travels fast etc. etc.! Maybe an Xmas eve RNS around 11.59 pm and 59 seconds? I cannot recall the figures being released this late before, the only contingency is if they are calculating the insurance claim loss I guess.
andy
18/12/2019
07:00
Directors obviously still have no confidence in the company based on their (lack of) share holdings: Directors’ interests in the share capital of the Company Director Number of Shares % Holding Lucio Genovese 3,586,316 0.70% Keith Johnson 393,903 0.08% Paul Bosma – – Patrick Meier – – Ken Owen – – Eileen Carr – – Niall Young – –
abtwo
18/12/2019
06:57
Still no Final Financial Results, one hopes the auditors are not having issues?
abtwo
14/12/2019
18:29
Pretty gloomy report on the diamond market: https://www.zerohedge.com/markets/diamond-crisis-worsens-de-beers-signals-rough-times-ahead
andy
11/12/2019
08:39
Ab, Yes, and ironically, other parts of South Africa are flooded! If only we could control the weather........ Bid down to .8p again now, still double the low, but those that bought in caught up in the pumping frenzy may be ruing their choice now. It truly amazes me how people can so easily get caught up in a pump promotion. What was interesting is that it started so quickly after the RNS! Call me a cynic......
andy
11/12/2019
07:27
At least they are getting rain in the area so the mine water supplies will be replenished. Hopefully good for the local farmers as well, as parts of southern Africa are in drought.
abtwo
10/12/2019
14:59
AB, Thanks, a pretty gloomy picture there, De Beers cutting prices 5% last month, and FDI were already struggling with ROM average prices! You do wonder what the coming dilution in January will be like? If the current price holds it will be bad enough, but is any of the recent buyers start offloading it will be worse for sure, as they use an VMAP formula, and the price was a lot higher the last time they issued in lieu of interest.
andy
10/12/2019
14:48
From Bloomberg : "Anglo American Plc curbed its plan to expand diamond production over the next two years after sales slumped in 2019 amid a wider industry crisis. Anglo’s De Beers unit will mine 1 million carats less than previously forecast in both 2020 and 2021, according to an investor presentation on Tuesday. That equates to less than 1% of global output, but slows the pace of the company’s expansion as an oversupply of rough diamonds weighs on the industry. De Beers’s buyers have grown increasingly frustrated with the cost of rough stones as the price of polished gems slump. That’s led to wafer-thin margins and losses for some of the traders buying stones from De Beers and Russian rival Alrosa PJSC. Diamonds Disappoint Source: De Beers The crisis has spread to engulf the world’s diamond miners as well. De Beers, which dictates prices to its select group of clients, reported sales through November were more than $1.2 billion lower than the same period in 2018. The company, which says it mines to meet demand, has responded by offering more flexibility to its customers, allowing them to reject some purchases. Last month, De Beers cut prices across the board by about 5%. Even so, the company’s production is still set to rise to as much as 34 million carats next year, from 31 million carats in 2019."
abtwo
06/12/2019
12:26
The trap door closing on those on at higher prices, where have the rampers gone, cracking the bubbly?
davethehorse
06/12/2019
11:39
As soon as this company started production ,it headed down in price. From 52p ,back in 2017.
recordz
05/12/2019
16:16
Reckon 0.65 tomorrow but will drift down towards the 0.5 level IMO. Where is the 2.5 pence yesterday or the 3/4 pence by end of play Friday (LSE)?! Did hold in the Kopane days when FDI made the take over offer sold at 50% profit first time around at 32 pence long time ago now.
mattab
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