Gem Diamonds Share Discussion Threads

[dcroston] 02/9/2024 07:28:38

This is not a pump and I will not be dumping anytime soon.

This company is grossly undervalued even in a depressed diamond market.

This stock is going to 20p plus and that could happen very soon.

There's one person on here that has consistently called this company completely wrong that's now calling a p&d just because the stock rose a whole penny on considerable volume and liquidity, and very good 6 monthly results.

20p sooner or later, DtH.

Roll on September and EOY.

[mindthestash] 01/9/2024 10:32:56

EBITDA reported now $19m
market cap £20m

so might be of interest - lets hope its a sale not a purchase

history suggests directors dont buy shares they get them given

[dcroston] 01/9/2024 09:47:52

Complete speculation on my part based on the Q&A re:Directors buying stock. I'm actually wondering if we are in a closed period preventing Directors buying stock and something is potentially in the offing....it would make complete sense considering the depressed value of the stock this last 12 months.

I've a feeling this next week or two might provide some answers one way or the other.

[roy keane] 30/8/2024 15:09:16

Clearly a large seller, once they leave this surges..

[dcroston] 30/8/2024 14:03:42

Says DtH the trader....never been in a stock for more than mins...lol!

[davethehorse] 30/8/2024 14:01:18

OK follow him in at 15p lol

[dcroston] 30/8/2024 13:54:11

Haha....It's hardly a p&d when it's risen a penny on excellent 6 monthly results. I'll wait another 6 months for my divi. I was in many times at 8p.

[davethehorse] 30/8/2024 13:37:12

Not at all but it's true...seen it before with him and GEMD

[boonkoh] 30/8/2024 12:43:29

Funny how Baron's just jumping on the bandwagon now that the results are out. But the smart money is like me, having gone in a few months ago sub-10p.Pity The Boon Fund has less than 200 twitter followers, a fraction of the Baron's ?

[davethehorse] 30/8/2024 11:30:42

Twitter ....The Baron....a pump and dump merchant

[boonkoh] 30/8/2024 11:17:48

Continued strong volumes today, surprisingly. For a Friday. At the end of August.Where did all this interest come from?

[imnotspartacus] 30/8/2024 10:28:56

If the share price can stay above 15p the daily and weekly charts look gang busters.

[boonkoh] 30/8/2024 08:15:58

Don't think it's retail traders cashing in.... Yesterday's volume was big, whereas volume sub-10p was very low.Might be an institution who have held a long time taking the opportunity to reduce their stake?Let's see if any holding RNS coming out in the next few days...For me, worth holding till bank renewal done. It's almost a done deal, share price will rise another 10%-20% IMO when that uncertainty is over.

[mindthestash] 30/8/2024 08:11:50

optimism welcome. Let's hope we see it in the share price. I had a nibble on the bell yesterday but I'm back to evens as the afternoon appetite fizzled out. There see to be plenty of sellers to contain the uplift in price. I would think a few traders have made a handsome profit if they bought at 8 9 p

[russman] 30/8/2024 06:46:15

Cashflow was excellent. Diamond market will turn up (hopefully)

[imnotspartacus] 29/8/2024 22:50:24

Yep still going with a breakout.

[mindthestash] 29/8/2024 14:52:32

Not sure this is breakout. A lull in price. I was travelling when the presentation was live. Any more news?
Capex etcfrom the presentation. They tend to be fairly tighlipped.

I'll check the website see if it's on replay

[imnotspartacus] 29/8/2024 09:19:15

Well we have the breakout

[boonkoh] 29/8/2024 09:05:23

The volumes so far this morning are incredible... Highest in the last 3 years? And the day isn't over yet, plus this is peak summer lull...

[mindthestash] 29/8/2024 08:54:39

i agree Boon
its a long haul against the market to get the market price back up but fair play to management of whom i have been critical in the past. (note the 1.7m share options) the changes they made to take operations in house is working and looks like a lean operation.

having said that profitability relies on the big stones. in this latest period there were more big stones 100+ but the medium sizes 60 to 100crt were lower than previous. if they come back alongside the big stones then we are heading up.

market this morning up but seems to have paused in last 1/2 hour

[boonkoh] 29/8/2024 08:06:10

I agree mgmt doing all the right things.FY guidance increase in carats, which is the main thing. Not waste stripped.Also while they say other guidance metrics (eg cash costs, operating costs) still the same... They came in below the guidance range in H1. And they allude to further cost optimisation in H2. So may be holding the cards tight to deliver another positive surprise in Q3, Q4 Trading updates in terms of costs/profits...

[mindthestash] 29/8/2024 07:56:16

23 and 24 income similar
latest half year has far fewer smaller diamonds and less waste stripped =savings
looking good longer term but not seeing a market breakout here. Good but not stunning for me.

clearly operationally savvy and concentrating on big stones and not wasting cash on stripping for small fry. overall good. .

[dcroston] 29/8/2024 07:52:42

Exactly what I'd hoped for. No divi or share buy back yet. Pay off the debt first. Hopefully 6 months from now the company will be in a much healthier position and the diamond market will have stabilised.

[boonkoh] 29/8/2024 07:23:54

$28m operating cashflow in H1, $15m after investing activities... By the end of the year they will be net cash instead of net debt.Staggering cashflow on a gbp20m market cap.I was hoping they would have sorted out the Bank facility renewal by now. But their going concern statement doesn't seem to be too concerned of that not happening.