Gem Diamonds Share Discussion Threads

[varrirob] 30/9/2013 20:50

Nice find today and a much needed boost.

[undervaluedassets] 25/9/2013 16:44

hxxp://www.diamondintelligence.com/magazine/magazine.aspx?id=12091

Exceptional diamonds selling well again.

[salpara111] 24/9/2013 11:35

I wish I shared your optimism!
If it breaks back below 140 again then I am out, remember this company has delivered precisely nothing to its shareholders since listing over 5 years ago so it is purely sentiment driven and the upward momentum that brought me back in is being severely tested right now.

[salpara111] 23/9/2013 08:36

Holding for the moment.

[colurb] 22/9/2013 00:03

"Speculation spirals around diamond mine sale"...
hxxp://www.mmegi.bw/index.php?sid=4&aid=34&dir=2013/September/Friday6

[salpara111] 21/9/2013 10:01

I have never understood PI's obsession with the mythical "shaking the tree" when the share price is going in the wrong direction!
I invest on trends and momentum and I bought back in because it appeared that the long term trend had turned however this very large pull back over the last week puts that into question.
The share price is now at a critical level, if it bounces from here then the longer term uptrend is still intact but if it falls in the next few days then it is broken.
The problem with any "jam tomorrow" company is that without a divi to provide support the share price can range anywhere it likes.
I genuinely felt that there was enough positive newsflow to see them back to the 180 level at which point I would make a decision whether to stay in or take my gain but clearly that is not an option now!
They are not due to update the market for some time so with no "new news" in the next couple of months the share price could well drift back again and I dont intend to sit on yet another loss here.
If the share price recovers to over 150p in the next few days I will stay in but if it falls I will exit.

[alex1621] 21/9/2013 07:27

Salapara111 ... your previous posts are on the negative side; strange that you bought in again at 141p? I recall that you would not invest until they started paying dividends? Two broker positive re-iterations yesterday, no other stock specific news ... perhaps someone is 'shaking the tree'?

[undervaluedassets] 20/9/2013 15:39

A pull-back was inevitable .

These have Put on 60% in less than 3 months.

There was bound to be a retrace.

Will turn and fly north again soon.

Price looks pretty reasonable right now.

[varrirob] 17/9/2013 14:53

Bottom has dropped out of this a bit in the last coulpe of days

[haywards26] 15/8/2013 13:00

Some press coverge. Liberum Capital mentioned the interim results beat their expectations and should give the share price further strength...



[...]

Proactive comment - Conclusion: These results should be in line with expectations. The second half should be better for Gem in terms of recovery with most of the investment in waste stripping and improvement in plant being made in the first half. The recent trend of recovery of big stones should restore faith in the quality of the Letseng deposit and with diamond prices on a more stable path the shares should continue to perform.

[undervaluedassets] 15/8/2013 10:45

Just off the call.

New crushers seen as potential game-changer here. Early results from the newly intalled crushers look promising with less diamonds broken and damaged.

We will see.

[togglebrush] 15/8/2013 07:07

GEM DIAMONDS HALF YEAR 2013 RESULTS
'


'
Commenting on the results today, Clifford Elphick, Chief Executive of Gem Diamonds, said:
'
"As indicated previously, the first half of 2013 was a difficult Period for the Letšeng mine. Mining focused on the lower grade, lower value Main pipe as planned. Cost control was paramount during this Period and it was pleasing that the mine was able to deliver a satisfactory EBITDA margin and bottom line profit. We look forward to moving steadily into higher grade parts of the ore body in the second half of the year.
'
During the Period four new cone crushers, which are aimed at reducing diamond damage, were installed at Letšeng's 1 and 2 Plants on time and on budget. As mining for the second half of the year gradually includes more, higher value Satellite pipe ore, it is anticipated that this combined with the potential effect of reduced diamond damage will be positive on revenues.
'
Three diamonds greater than 100 carats recovered at Letšeng during the Period, and pleasingly a further two large diamonds were recovered in August - an exceptional 99 carat, type II white diamond and a lower value 146 carat diamond were recovered and importantly, are largely undamaged, providing an early indication of the positive impact of the new crushers.
'
We continue to make good progress with additional initiatives assessing opportunities to target low capex, low risk options to expand production incrementally as well as enhance efficiencies and diamond recoveries through the introduction of new technology.
'
At Ghaghoo, the development of the access decline is progressing well and the first diamonds are expected to be mined in the second half of 2014 The operations team at Ghaghoo are to be complimented on completing the difficult and technically challenging sand portion of the decline and management has every confidence in the success of Ghaghoo as a strong contributor to Gem Diamonds' bottom line in the coming years.
'
In line with our focus on implementing rigorous cost control and cost reduction measures across the business as we work to adapt to a changing economic environment, it is important to note that with the rationalisation of the Company's assets has come a reduction of staff and corporate expenses are already in line with targeted reductions. "
,
The Company will be hosting an audio presentation on its half year results today, 15 August 2013, at 9:30 am BST.

[haywards26] 14/8/2013 15:17

A nice rise. I shall be back to break even shortly :)

[don777] 14/8/2013 14:59

any rumours for T/O?

[funtimejonny] 01/8/2013 16:19

I agree. Quite a lot of trades going through and nearly all A trades with price moving up nicely as well.

[varrirob] 31/7/2013 12:22

Looks like we are starting to get a bit of momentum here.

[haywards26] 29/7/2013 21:23

A reasonable trading update - good to see the diamond prices increasing. It will be interesting to see the profitability here for the FY 2014+ once the second African mine is in production. Then we must have a good chance of seeing dividends and a significantly improved share price :)

[haywards26] 24/7/2013 20:44

Interesting merger news rumour included in below

hxxp://www.mineweb.com/mineweb/content/en//mineweb-fast-news?oid=198526&sn=Detail

[togglebrush] 23/7/2013 11:15

NEWS
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Gem Diamonds Limited (LSE: GEMD) will be reporting its H1 2013 Trading Update for the period 1st January 2013 to 30th June 2013
at 07:00am BST on Monday 29th July 2013

[togglebrush] 30/6/2013 14:20

Interesting Week
Prices and Volumes are Up after Diamond RNS on Wednesday. The same could not be said for a similar report on 31st May
'
Date________Open___High___Low___Close__Volume__ Quartile Note
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24/06/2013 108.25 109.50 106.00 108.00 _95,983 Low
25/06/2013 108.75 113.00 108.50 113.00 _51,938 V low
26/06/2013 116.00 121.75 115.00 115.00 297,804 V High Diamond RNS
27/06/2013 116.75 125.50 115.75 124.50 427,162 V High
28/06/2013 126.00 131.25 122.00 131.25 525,073 V High
'
Volume stats from Jan 2012
Max_______1,563,746 on 21/09/2012
Onein100__1,258,930
Q3__________191,919
Median______117,459 Middle sorted sample or Normal Day
Q1___________71,325

[varrirob] 28/6/2013 21:44

This share doesn't hang about when it get going. It's gone back up as fast as it went down.

[lucky_punter] 28/6/2013 08:05

JP Morgan Cazenove: London Mining and Gem Diamonds stand out in 'unloved' sector
By Giles Gwinnett June 26 2013, 2:41pm


In May this year, London's chief executive officer Graeme Hossie said the firm was setting up Marampa to be profitable under pessimistic price scenarios and "extremely profitable" under current industry expectationsIn May this year, London's chief executive officer Graeme Hossie said the firm was setting up Marampa to be profitable under pessimistic price scenarios and "extremely profitable" under current industry expectations

Broker heavyweight JP Morgan Cazenove sees a continued rough ride ahead for small and mid-cap miners over the rest of 2013 but highlights London Mining (LON:LOND) and Gem Diamonds (LON:GEMD) as top picks.