Gem Diamonds Share Discussion Threads

[salpara111] 16/10/2015 08:27

Article in the Times about a very poor De Beers auction despite cutting prices by 8%.
Eventually the cycle will turn but I suspect it could be quite some time before that happens.

[undervaluedassets] 08/10/2015 09:41

miners have been showing a bit of life lately .

This company has been performing throughout the downturn in the mining sector.

value will out in the end .

[eastbourne1982] 07/10/2015 12:46

Been buying these recently at under £1.14, sentiment is bad for this kind of share however bad sentiment creates opportunity, I reckon these will be back above £1.50 within the next 12 - 18 months.

[watson] 02/10/2015 11:13

Stock market pundits in the IC and Questor in the Telegraph regularly strongly recommend GEMD and other gem stocks as buys. Trouble is that if I'd followed such recommendations over the past 5 years or so, I'd be a poorer man.

I find this paradox puzzling: could it be an example of group think among media folk?

[alan@bj] 01/10/2015 19:19

Fortunately Sainsbury's have been good to me this week. Good news of another acquisition by TRI today as well.

[salpara111] 01/10/2015 18:39

Yep! still not taken it off my monitor but will at the end of the month.
I managed to get out for 129 and put the money into OPAY where I am up 10%.
The hardest thing to do as an investor is realise a loss, I had to do it again yesterday with an even bigger loss on Panmure Gordon who have consistently failed to gain traction over the last few years. I took a 35% hit there....ouch!
I suspect that GEMD probably need to consider putting Ghaghoo on care and maintenance and just focus on the high value stones which don't seem to be so susceptible to pricing pressure in the more mass market area.

[alan@bj] 01/10/2015 16:44

Salpara - if you're still looking in here you must be so pleased you bailed. I wish I had too!

[alan@bj] 01/10/2015 10:27

Well there's another month to go before the next IMS assuming (as in 2014) one is issued early November.

[cestnous] 01/10/2015 09:31

Petra down about 35% recently. Sentiment not good atm, but will become a 'buy' at some point in the future especially if there's good news from Ghaghoo. Patience needed while you watch.

[paul the octopus] 01/10/2015 09:25

It needs to hold £1, otherwise ...

[dr_ex] 25/9/2015 16:41

i guess we go down to a £1 now.

[dr_ex] 25/9/2015 12:22

loads of little trades going through today. i wonder what thats about

[alan@bj] 18/9/2015 11:46

Drop today reflecting results from Petra Diamonds.

[undervaluedassets] 16/9/2015 10:23

intestingly this stock often has a big rally after everyone has hit the "despair" button on this board.

There has been quite alot of despair here lately .

That coupled with pretty decent results and the now news of the great price achieved for this enormous stone leads me to conclude that everything is set up rather nicely here. .

[cestnous] 15/9/2015 14:50

Biggies like that are so rare that they always go for a good price. More concerning is the retail markets apparent preference for coloured gemstones atm.

[undervaluedassets] 14/9/2015 16:25

$19 million . . carat for carat that must be up there with the most money ever paid for an uncut diamond.

And in what is a weak market for diamonds ... incredible

[alan@bj] 14/9/2015 12:12

The 6th November 2014 IMS reported that a 197ct diamond recovered in July 2014 had achieved a price of $10.6m, so they achieved almost double for the latest whopper. We really need news that Ghaghoo's water ingress problems have been solved and production is achieving target though.

[undervaluedassets] 14/9/2015 08:43

$19 million for one stone.

Prices for top stones remain strong

The franchise at Letseng is unique and will remain so.

Lawrence Graff is a patient long term investor here.

His judgement is peerless in my view.

When the sentiment for miners changes this stock will out perform

[salpara111] 14/9/2015 08:38

That is one hell of a payday!
Nice news but sadly I am guessing that it wont lead to a re rating of the stock so I will remain a watcher for the moment.

[resourceful] 11/9/2015 15:56

this is awful
whats wrong
is ghagoo a dog

[alan@bj] 28/8/2015 17:54

All the best Salpara. I'll take a look at OPAY.

[salpara111] 28/8/2015 16:36

For me it is not so much an issue with the business but what is beyond their control.....market demand.
They seem to be pinning their hopes on increased demand from emerging markets to bolster prices but personally my view is that emerging markets are going to struggle now that the credit cycle is about to turn(notwithstanding Chinese inspired hiccups!)I don't expect demand growth and recently read an article on Bloomberg I think talking about how De Beers were pulling supply having already cut production targets.
From a financial perspective GEMD is in great shape compared to the big commodity miners out there but until we see a sustainable increase in demand prices are not going to rise.
Doubtless the share price will bounce hard now that I am out but I switched to OPAY yesterday and am already well up so happy to be out now.
It is never nice taking a loss but putting the money to better use is invariably the best option.
Good luck to all those who stay in, I will be keeping GEMD on my low level watch list.

[siboat] 28/8/2015 12:23

Sold half at 125 and held on with the other half which hit my stop loss at 121 lol. Might leave mining stocks alone from now on until I understand them a bit better. I think the flooding problem isn't going away which is probably the deciding factor in this falling share . Might buy back in if it gets sorted but it seems like a major issue to me. Couldn't take the risk of another drop past 107 like it has in the past. With the drop in the markets recently have used the money to diversify my portfolio instead and bought into a couple of promising aerospace and defense stocks . Meggit and Senior. Good luck to all brave holders of Gem Diamonds

[alan@bj] 28/8/2015 10:45

Salpara - I haven't pressed the abort button yet, but my finger's hovered over it a couple of times. If your luck's anything like mine, this share with fly now that you've sold.