Ps thanks S25
Very helpful update on trades |
If any of the buyers are officially connected then we're in bid territory and can expect notification. Of course it's a long way to j'burg so it might be unofficial.
Well gemd might bet interesting yet! |
 Okay, those trades were delayed and hit later yesterday. Slightly odd, because the trade prints normally hit first and then the parties exchanging disclose. Sometimes they taken a while to disclose as well. Sustainable Capital didn't hang about disclosing.
The prints that hit were delayed from the 29th January.
Prints of:
8m, 5.5m, 6.5m, two x 5m and a 4.78m - all at prices of 10.5p-10.6p
Sustainable Capital had 18.21m as at the 21st of January, representing 12.97% so the whole lot has been sold.
Unsure how that is split:
8m, 5m and 5m to three buyers?
Don't know - just a guess.
But I had this on the watchlist to see if there was a technical movement after Sustainable Capital were out.
I can see the market has seen those prints and there is a small amount of early buying this morning, but it is all about the follow through.
Maybe the fundamentals here trump the technical. I don't know enough about the fundamentals.
Price popped abit on the notification but no significant follow through movement this morning.
Keeping a watch though to see if there are any notable buyers of those shares and whether order book activity picks up, for a possible quick trade.
All imo
DYOR |
Well see boonie, a cross the year it's an inprovement IMO.
I doubt we'll see large diamonds in those numbers till they get back into the satellite pipe at increased depth.
How long does a purchasers of 5% or more have to declare |
There are no large diamonds to sell. H1-25 will be horrendous P&L. Especially with diamond carat pricing lower too YoY.Meanwhile they haven't found any more additional cost efficiencies to offset the reduced carat pricing. |
The other side to the Sustainable block trade is not showing so it must have been spread about in the market as a clean-up. Good news and a nice fee for the broker. |
As usual I was wrong again. Sustainable are out. Someone has bought the lot. S25 you may well be correct, backdoor. |
Hang on...what?
Where have those Sustainable Capital shares gone?
Backdoor?
That is 13% gone through the backdoor somewhere?
Is that right...the rns looks like they have sold the whole lot
10:18 UPDATE
So they have acted as an overhang selling down from 18.24% to 16.53% in early September last year. They then lobbed a few more in November and a week back. The nature of this share is that it takes a long long time to offload small amounts of shares so interested to see if that rns is correct and who has picked up 13%. Maybe they placed that through a dark pool - can't see the print on ADVFN. Maybe a delayed one hits but someone has to disclose if the have bought. Price isn't doing anything...watching in...can't be an error can it...no transfer or other notes. |
Sustainable are out! Rerate looking on! |
Out and about today but better than guidance on first appearance with revenue up and costs flat cf last year. Profit should be up but this year but mine plan is the steeper satellite pipe but we should have something in the tank to cover the upfront costs now.
Not expecting this to move the dial to re-rating but I'm usually wrong where gemd is concetned |
Operationally going okay and if anything could be above guidance.. full year results should be very good! |
Not a holder anymore but interested to read their update on Wednesday. Rather odd how their large stones dried up in an instant. |
Buy out at this price? |
dcroston
big difference in market cap aswell gemfields £80million market cap but GEMD £12million market cap and profitable
buy out target? |
Chris,
This may interest you. Of the 4 diamond mines in Lesotho, two of three are under C&M and one has reduced its mining operation. Only GEMD are fully operational and profitable even under significant constraints of diamond prices and diamond industry generally.
Make of that what you will. |
Had another look, and a rather quick no, Gemfields Group Limited, down 50% in recent weeks, today down 12% after suspending mining operations of precious gems, does nothing to add confidence to the sector.
The consistent fall in price, doesn't help here, no signs of a recovery and you wonder is the space just in terminal decline from here or at least for existing equity to live with a pause/reset in the market, which will kill equity values and in some cases entirely. |
Thanks mts. Sustainable are selling down at whatever price they can and add that to very little share price volume, it's clear this will take a long time to clear. Apart from a few hourly spikes from traders playing with it, it just isn't worth watching the price drop lower and lower. Sustainable are must be annoyed with Clifford and the remuneration as shown in the voting rights RNS. GLA hope it bouncers for you all! |
Gem claims another victim. Best of luck Swinsco.
Dear readers,,, Swinsco's exit is not calling the bottom and not a buy signal.... yet |
My main concern was the short term debt. That has now been kicked two years down the road. The steeper open pit walls at Satellite is a substantial net gain to NPV with more to come from Main. I presume that there's a comprehensive rework of the mining schedule to come.
That's all good but who is actually looking? |
Dth,
I don't know.....I thought you said it was a pump and dump?
Okay, joking aside....
Sustainable have sold a few % and they may reduce further. Why are they selling at these prices? No idea, that's anyone's guess. They'll have their reasons I'm sure....perhaps somebody could email them and ask them?
Here's what I'm interested in.
Does the share price reflect the value? I don't think so....would anyone think this was overvalued if the share price was 20p+? I don't think so.
What's going to drive the share price upwards? Results, and the constraints that drive those results.
Diamond prices aren't going in the right direction presently, but that's offset a bit by currency movement.
The directors may still pull a rabbit out of the hat year end? Share buyback, maybe? Not counting on it though.
I am reassured by the progress I'm seeing and with a little luck the companies fortunes may look a bit brighter next year.....Jam tomorrow as Mtt said. |
Let's see...why the selling then?? |
Tomorrow's going to be a while coming. I've parked this in the long haul drawer with a few other condiments |
Dth,
Tempted to say you'll be wrong again cus you've been wrong about everything else. But like a broken clock etc
Anyway, looks like I forecasted correctly today. Very little market interest here, very light trading so the price may stagnate for a while.
At the current market cap of £14m after a bumper year and lots of progress it's hard to believe but there we are.
But I can wait for Jam tomorrow so not too bothered. |
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