Gem Diamonds Share Discussion Threads

[rimmy2000] 05/4/2013 14:06

don, as a londoner do you attend proactive or MRQ events? often they feature co's such as GEMD?

[don777] 05/4/2013 12:04

you can make fortunate if you short it till summer.

however, I am not full time to invest, so do long only.

but will have a try one day when I am retired.

[rimmy2000] 05/4/2013 11:41

i am short ukx so I agree :)

[don777] 05/4/2013 11:32

yes, I agree to wait for a while, at least 1 -2 weeks to test the bottom here, not catch a falling knife again.

I got at 170P and am waiting for average down, thinking the FTSE100 is too high atm.

[rimmy2000] 05/4/2013 11:09

Missed it in the Standard but its not exactly a quality publication Don. I think best to sit on sidelines for now, but does look cheap right now.

[don777] 05/4/2013 10:50

it's recommended in London evening standard last night for 186P TP.

nothing change today.

[bam bam rubble] 02/4/2013 18:48

Still further -10% to fall to reach the 2009 low. Interesting to see if that support holds or if a new all-time low is established.

[luminoso] 02/4/2013 18:27

Interim management statement possibly due in next two weeks. Yes, there is weakness in the mining sector as a whole and a flight to blue chips and divvy stocks ( S&P at record highs ) from riskier resource stocks, but this fall is so steep, it smells of some GEMD specific issue. Ideally, would like to buy back in having sold in mid 150s for another loss, but just don't trust the price action at the moment. There is potential for an almighty bounce if nothing undue is reported in the next statement, though !

[don777] 02/4/2013 17:57

or because some of us cut this loss to offset the CGT and trigged others stop loss price?

[don777] 02/4/2013 17:55

rimmy,
you are very brave to cut at this price.

Norges Bank increased holdings on 15/3, I cannot find any thing unusual during last 2 weeks,.

still hold.

GLA.

D

[rimmy2000] 02/4/2013 16:25

sold out last week. something stirring it seems.

[varrirob] 02/4/2013 16:12

So for those who have been invested here a while, is there anything lurking in the background that would cause this continuous drop? I believe this must be a new 52wk low.

[don777] 27/3/2013 15:08

new low here, very weak,

just do not understand why they sold at this low price.

there is no negative news at least in the short term, ( or i do not notice), diamond price is up and another banker just bought in...

[varrirob] 25/3/2013 22:25

Well it looks my timing couldnt have been worse when getting in here. Heading for a new low.

[dr_ex] 22/3/2013 15:44

if the candle forms a hammer with a higher tail then the other one the other day, we could be in for a reversal. sweeet.

[don777] 22/3/2013 14:48

salpara,
I can understand why they still do not pay the div as it's still small and needs fund on many projects.

if all of it's projects are fully running, then the cash we have on the balance sheet will be spent quickly and not much left for div.

D

[salpara111] 22/3/2013 14:33

The biggest problem here is that they have been listed for over 5 years and have turned a profit for several of them but have yet to pay a single penny of dividend.
Without a divi yield there is no support to the share price
I bought last year around 190 and sold around 170 when it became clear that there is no catalyst to drive the share price back up again.
They are a classic "Jam tomorrow" company.

[don777] 22/3/2013 14:11

want to pick some more at 140P if possible.
Norges Bank topped up 1.65M shares at 160-170P last week.

so we can get 10-10% cheaper chips here

[rimmy2000] 21/3/2013 23:24

dont worry too much. 74p of cash per share, no debt, might bounce along the bottom a little longer, but co has made clear its focus, and as diamond prices increase we'll reap the rewards

[varrirob] 21/3/2013 22:46

So i thought i had got in at the right time but we dont seem to have reached the bottom yet.

[luminoso] 20/3/2013 18:55

There often are with this stock. Its a haven for 'bot' trading it seems. I tend to ignore the trades unless I am desperate to get in or out, that is.

[uxb_steve] 20/3/2013 00:23

Odd buy sell patterns over last couple of days.

[varrirob] 18/3/2013 17:31

Just added Gem to my portfolio today. Am in LUC and wanted expand more into diamonds.