Gem Diamonds Share Discussion Threads

[flyposter] 15/6/2016 13:09

We should know about Mothae by Friday.

[alan@bj] 15/6/2016 09:50

Thanks - just checked again and mine is in now too.

[a13878713] 15/6/2016 09:22

Got mine yesterday around 4.00pm.

[alan@bj] 15/6/2016 08:43

The dividend isn't showing in my TDDI account yet. Anyone got theirs?

[woodpeckers] 14/6/2016 11:36

Certainly holding up well compared to most this last day or two. Dividend payment due today I think.

[undervaluedassets] 13/6/2016 12:39

Big move on thin trade. picked up a few more from weak holders. Silly not to.

[weemonkey] 09/6/2016 12:26

Just makes sense.. has been deeply profitable over the last 6 years and yet strangely ignored when compared to it's less profitable peers.

Looks like the start of a re-rating.

Early days.

[ukgeorge] 09/6/2016 11:34

Next stop 160p area over the next couple of weeks imo

[undervaluedassets] 09/6/2016 09:19

Very few ways in which you can put $10 million dollars in your pocket. extraordinary diamonds are a must have asset class amongst the super rich.

[ukgeorge] 09/6/2016 09:08

yes looking good now woop woop hoping pdl also follows

[woodpeckers] 08/6/2016 19:52

It heard you George! :-)

[ukgeorge] 06/6/2016 14:07

zzzzzzzzzzzzzzzzzzzz

come on gemd

[woodpeckers] 06/6/2016 09:40

Surprised you don't sound keen on Gem getting Mothae, weemonkey. It's a good mine and being so close to Letseng will mean great synergies.

[weemonkey] 06/6/2016 09:16

I think making the most of current assets should be priority. Especially dissecting the kimberlite at Letseng with a scalpel to extract those extraordinary stones.

Never mind taking on new projects.

[woodpeckers] 06/6/2016 08:09

Decision on Mothae due in two weeks. Wonder if anything will be said at the AGM tomorrow?

[undervaluedassets] 01/6/2016 15:14

Sentiment shift here seems plausible. GEMD has been Profitable for last seven years (and grown profits over last 3) yet has been unloved value play in the sector.

What is clear from current events in the market is that the best diamonds are an asset class all of their own; And the news from Lucara shows the market for very best large stones is clearly very strong.

A "read-across" here from Lucara makes sense.

[p_dharmendra] 01/6/2016 13:15

If it does break 145 then will continue to cross it's 52 weeks high ?

[ukgeorge] 01/6/2016 12:09

is it about to break higher ?

Come on GEM D

[ukgeorge] 27/5/2016 15:05

there was a nice spike in volume a couple of days ago 2M shares

chart looks good for a breakout

[weemonkey] 27/5/2016 12:15

www.gemdiamonds.com/downloads/2016/presentation/investor-presentation-february-2016.pdf

The above report (esp Slide 16) would appear to counter the above editorial.

Another thing - Lucara success has to be good news for us as it shows the market for extraordinary stones (Letseng) is solid. The read-across is postive.

[clinton baptiste] 26/5/2016 09:40

hxxps://www.polishedprices.com/go/market-news/comment~6555

...." I could not help but wonder what my friends at Gem Diamonds must have thought about the sale of the 800 carat stone and upcoming sale of the 1100 carater.

To my understanding Lucara and Gem nearly tied the knot a couple of times but each time the stumbling block was the wise refusal of Lucara to take on board the useless directors of Gem.

Gem with its Letseng mine as previously the highest purveyor of exceptional diamonds is sitting very much down the pecking order now, in fact rather a second class citizen.

I have no doubt that if Gem had been running the Lucara mine the 800 and 1100 carat stones would have been smashed into many more shiny pieces, which is what they achieve so successfully at their Letseng mine.

It would be interesting to speculate the shareholder added value if Letseng was run by the management of Lucara, I don’t think the result would be at all surprising, except from being surprisingly good."

[alan@bj] 25/5/2016 08:43

From yesterday's newspaper:-
Diamond company De Beers gave Anglo American a welcome boost. Shares in the trouble miner gained 2.4 per cent to 612.8p after De Beers, in which it has large majority stake, said it was “encouraged221; by stable demand for rough diamonds.

[weemonkey] 20/5/2016 16:26

Given that this company has been much more profitable than PDL over recent years there is an unrecognised opportunity here. .

Or at the very least a substantive mispricing given respective valuations.