Gem Diamonds Share Discussion Threads

[davethehorse] 06/7/2023 15:11

The big yellow hasn't stopped the dismal fall here...WHY...??

[davethehorse] 04/7/2023 15:14

Diamond market still dire it seemshttps://rapaport.com/press-releases/diamond-prices-fall-as-retail-slump-continues/

[davethehorse] 03/7/2023 19:58

Oooohhh, big yellow stone...

[davethehorse] 29/6/2023 10:39

Now that would be Entertainment...;-)

[davethehorse] 29/6/2023 10:38

Or swallow the Bitterest Pill...

[davethehorse] 29/6/2023 10:37

They need to Start! the buy backs...

[davethehorse] 29/6/2023 10:34

Shoot the board with some Eton Rifles...

[davethehorse] 29/6/2023 10:25

They need to go from open pit to underground very soon due to the ever steepening pit angles now...and it will be expensive...

[mindthestash] 29/6/2023 10:20

Apart from being in a Jam with Gem I not sure I understand that one

[davethehorse] 29/6/2023 10:00

....Apart from the dire state of the natural diamond market....

[davethehorse] 29/6/2023 08:55

Can only think its spectre in the shadows that's been lurking a while....going underground....

[mindthestash] 28/6/2023 22:43

Not a good analogy. Last MD. com was unproven and not profitable in a land grab. GEMD is profitable in an established asset and market. It's now on a PE OF 3.5. Go figure at that PE what's the problem? I'd really be interested in your analysis of why that is.

[davethehorse] 28/6/2023 16:33

Looks like it's not there yet based on this selling pressure

[davethehorse] 28/6/2023 16:16

The time to buy is when it capitulates, just need to know that point...

[davethehorse] 28/6/2023 16:14

Many moons ago...remember lastminute.com?

[extrader] 28/6/2023 16:11

Hard to imagine these were nearly 1000p post IPO...

[davethehorse] 28/6/2023 15:47

Diamonds look a no-go zone in the short term imo

[mindthestash] 28/6/2023 15:34

Afternoon Dave TH. Rough diamond market is on a downer. Petra pulled their June auction. Presumably the sale handlers sounded the alarm bells on lack of buyers. Petra issued statement saying best interests of shareholder to postpone sale and look to autumn. Clearly Petra are a very odd sort of company doing things ' in the interests of shareholders'. Not a phrase we're familiar with here.

[davethehorse] 28/6/2023 14:41

Maybe GEMD are planning a fund raise to go underground?

[davethehorse] 28/6/2023 14:38

Someone wants out bad now

[davethehorse] 27/6/2023 15:51

Into the teens, when will buy back commence??

[davethehorse] 21/6/2023 10:14

De beers latest tender not looking great for the diamond industry generally I'm afraid ..http://www.idexonline.com/FullArticle?Id=48652

[davethehorse] 19/6/2023 09:33

Diamond Index looks like it fell off a cliff again the past week or so, GEMD really needs a decent trading update in Q2...

[davethehorse] 16/6/2023 12:50

Weird days trading, nearly back where it started

[mindthestash] 16/6/2023 12:39

hxxps://www.paulzimnisky.com/roughdiamondindex
This is more reflective of current sales from GEMD, although the free version does not get into different sizes.