Gem Diamonds Share Discussion Threads

[davethehorse] 01/2/2024 15:25

Have a look at their salaries and share rewards...enough said...

[dcroston] 01/2/2024 13:53

davethehorse, I'm not sure what you mean about Director's rewarding themselves. Do you believe something underhand? Or are you just not happy with their performance and company share price?

[davethehorse] 01/2/2024 13:24

The directors have no shame....company on its knees and they keep rewarding themselves....shamefull....

[davethehorse] 01/2/2024 08:44

Cash call in 2024 coming by the looks of the burn rate, as others have said its a Director lifestyle company....

[chriss911911] 01/2/2024 08:34

So to summarise, they manage to burn through half of facilities in little over a quarter that's some going, and then spend a further $9m after the period. Are extracting ever decreasing larger diamonds, and quality falling, they are in-sourcing stuff, which adds cost and risk.

There is a reason it appears cheap as chips, and it's simple - CASH BURN - with no cash = no business, = major discounted issue or worse next to nothing for current holders whilst management get to fight another day.

At this rate they will be coming for cash in spring, rather than summer, the only positive surprise the shares have not gone down further, but surely they will this is a dire update, can someone tell captain Kirk to beam back and get the hell out, the planet is about to implode, always leaving it to the last minute....

[dcroston] 29/1/2024 18:25

Quite eye opening read. Not sure what comparisons can be made but it certainly makes GEMD seem awfully cheap and vulnerable if you ask me.

[dcroston] 26/1/2024 17:48

Not without risk, and i feel sorry for those that are sat on big losses but It's cheap as chips at these prices. IMHO.

[bobex] 25/1/2024 16:09

Bottom line: hardly any major issues. The price has been tricked and there’s nothing one can do. Either hold on or sell and that’s it. Oh, and perhaps keep buying using any leftover. That’s what I do.

[caiman47] 25/1/2024 10:42

The Feasibility Study for the proposed underground mine was supposed to have been completed in Q4 2023. As far as I am aware there has been no recent comment on this. The current open pits are scheduled to run until 2040 so there's no great rush.

A Capital raise to fund an underground mine would be horribly dilutive so let's hope that Underground has been firmly kicked down the road.

[dcroston] 24/1/2024 22:34

Taken fron the above article:

In the medium- to longer-term, there will be times the industry runs into supply shortages because of this.

[davethehorse] 24/1/2024 15:09

The index rose recently buy is still wsy way down and has flattened out again, would need to see the latest update before further comment

[dcroston] 24/1/2024 14:11

The current mine plan extends to 2040....plenty of mining to do above ground.

[bobex] 24/1/2024 12:27

Diamond 💎 prices will increase one day and who knows if not even dramatically and then stocks like this will follow. It’s just all about the market cycles. Not all but very much. Today the index picking up

[mindthestash] 24/1/2024 11:21

I can't see anyone going for a capital raise in the diamond sector at these prices. They can't sekl the stuff and cancelled actions etc.... It just won't fly.
They'll have to eek out existing resource Base. Doldrums.....

[davethehorse] 24/1/2024 07:41

Capital raise required is one if the underground is to go ahead

[bobex] 23/1/2024 20:12

My reborn little positiveness is mostly based on two points: It may no longer be so easy to keep bringing the share price down and second: I can't remember any RNS, which could justify the share price as it stands. But who knows what’s in store.

[mindthestash] 23/1/2024 16:00

'price likely to double'
Some of us have been saying that for years only to see it half..... then half again.. then..,

On this thread some time ago I predicted this would fall to penny shares....it might take that to turn the corner.
I hope you optimistic chaps are finally right

[dcroston] 23/1/2024 12:47

Any bad news is more than priced in.

Must be holding off on tenders Dec and Jan and waiting for further price recovery in March?

They can mine open pit for the foreseeable future. Currently looking at going UG but further cut-back seems more likely IMHO.

Very cheap and likely to double IMHO.

[bobex] 23/1/2024 11:37

Unless a real misfortune is round the corner, this must be a buy now… or it can fall to say 9p!? which could be the bottom…. It looks like not much risk but we will see.

[davethehorse] 23/1/2024 08:03

They have cancelled or suspended most of their upcoming sales/tenders if you look on the GEMD website, no wonder the share price is collapsing, update due very soon...

[davethehorse] 18/1/2024 15:51

Huge gamble at present despite appearing "cheap" imo

[davethehorse] 18/1/2024 08:16

Within next couple of years due to the open pit slope angles getting ever steeper

[dcroston] 17/1/2024 20:05

What's the life expectancy of open pit mine?

[davethehorse] 17/1/2024 19:03

The chart is dire and the company likely need a fund raise to go underground

[dcroston] 17/1/2024 18:48

What bad news are you anticipating that isn't already priced in?