Gem Diamonds Share Discussion Threads

[undervaluedassets] 26/5/2015 12:17

letseng is such a unique franchise.

hence why this mob own so much of the equity

hxxp://www.graffdiamonds.com/

[prita] 22/5/2015 07:32

Ghaghoo is in its early stages so its normal it will take some time to develop. The key for me was the fact its progressing to plan and expectations are in line. Diamond mining is not a quick in and out venture; it's a long term process which (the expereinced) management are confident shall yield significant finds. As this and other econmies grow stronger, the demand for good quality stones can only increase. Also, traditional wedding and Asian gifting periods are usually in the second half of the year which is likely to increase demand.

[alan@bj] 21/5/2015 17:54

Well, it wasn't exactly a brilliant finish to the day. I thought the results were okay, although I too was also a little concerned about Ghaghoo. It's early days there however, and I'm going to hold for a while longer, at least until the interim results in a few months' time.

[alex1621] 21/5/2015 09:22

Salpara - not sure that I understand your point? Do you believe that the current demand for high quality gems is the best that can be expected, and it will only get weaker indefinitely from here? Or is it possible, as the company has stated recently, that the demand (and price point) will improve in the second half of the year? In the longer term is it possible that demand from China, India etc will improve as they become wealthier, not to mention the U.S? Or will the supply of diamonds in the world increase to the point where consistently lower prices are the normal state of events? My research may be incorrect, but it indicates that there is not an abundance of new diamond deposits. So if demand increases supply will struggle to keep up. The result is price increases.I suppose it depends on your outlook, near term or longer term.Also, I haven't read anywhere that the new mine is expected to be a loss maker.

[alex1621] 21/5/2015 08:36

The share price is lower, but spiked up yesterday in the last hour of trading, so not much of a reaction, but certainly not a negative one. I'm more positive on GEMD, they appear to be progressing in the right direction and the customer base (around the world) medium to long-term is growing. No idea where the share price will be short-term but expect this to do well over next 2-5 years.

[prita] 21/5/2015 08:36

Agree cestnous. MM usually mark this down first thing but it usally rises throughout the day. Take yesterday for example, up about 4% in the last hour or so. Today will probably be the same!

[salpara111] 21/5/2015 08:19

A bit of a non event!
Sp marked down, clearly the market was looking for something rather more substantive.
It is clearly not expensive but equally the market is not willing to place a higher value on it.
I am not panicking to sell but am now a weak holder so if I see another opportunity that I like the look of I will sell out of this.
I have waited for so long for this to come good and every time we get another update I tell myself I will wait for the next one but eventually you have to accept that this was a poor investment decision.

[cestnous] 21/5/2015 08:13

Disappointing initially but I have a feeling that this will show a rise intraday after the usual games.

[prita] 21/5/2015 08:12

21 May 15 finnCap Buy 150.63 - 314.00 Retains

finnCap increase target from 261 to 314. Nearly a 20% increase!

[prita] 21/5/2015 07:49

Very good and solid update. All going to plan, no nasty urprises and diamond prices steady. Some lovely big rock finds too! And of course plenty of cash on the balance sheet. All great stuff!

[cestnous] 21/5/2015 07:48

Imo, that statement is very encouraging. Surely a positive reception by the narket now?

[undervaluedassets] 21/5/2015 07:27

very steady update.

[airwalk1971] 20/5/2015 20:41

Trading update tomorrow.

[aishahq] 11/5/2015 16:48

Broken the short term resistance of 141p. Tested 150p today which is around the next resistance level. Then 166p and 180p. Looking positive imo.

[cestnous] 11/5/2015 15:15

Well that didn't last long. Seller still there.

[salpara111] 11/5/2015 15:13

I still have a feeling given the price action of the last few weeks that there was a persistent seller in the background and this could well be the end of it.

[cestnous] 11/5/2015 14:13

At least it's doing something; need to break 153/4.

[dr_ex] 11/5/2015 14:10

just touching that downtrend line at the moment. need a nice break of that and we should start to rise after that.

[airwalk1971] 11/5/2015 14:04

Could this be bye bye 140?

[salpara111] 08/5/2015 11:20

Not much election euphoria here!
Nicely up on quite a few of my holdings this morning but I guess that applies to anyone with a diversified stock portfolio!

[aishahq] 07/5/2015 10:04

Yes ex div today c3.5p.

Salpara: we are holding support level around 140p, so not sure what you mean by someone is bailing at any price? The price is pretty resilient on bad market days. I think a nice bounce could be on the cards on any good news from the trading update, new big diamond find, etc. The shares are very cheap, they have plenty of cash and now pay a dividend. As the economies improve, diamond prices can only improve as demand goes up. All imo.

[dr_ex] 07/5/2015 09:41

I think it's gone ex div today

[rufio90210] 06/5/2015 11:12

They should have an update sometime in next 2 weeks I will wait for tjat

[salpara111] 06/5/2015 09:03

It is pretty clear that someone is bailing at any price.
Still going to give them to June to turn the ship around.