Gem Diamonds Share Discussion Threads

[davethehorse] 19/2/2019 16:29

Great to see LUC unearth another big stone, the 3rd this year, this time 223 carats. With results on Thursday great timing! Am sure GEMD are also ready to fly with full results in a few weeks, another good sized stone announced before then would set it up nicely.

[davethehorse] 18/2/2019 17:51

Nice article which if correct looks great for the long term future of GEMD and the likes of Lucara...https://www.thediamondloupe.com/mining-and-exploration/2019-02-18/last-diamond-unearthed-countdown

[haywards26] 18/2/2019 12:41

160 would be fantastic :)

[davethehorse] 18/2/2019 09:29

Fingers crossed, got the impression on Friday MMs were shaking out weak holders, dropped the bid but not the offer

[ukgeorge] 18/2/2019 08:58

it always seems to be pretty bad. I'm not holding but when it finally breaks out of this range it should move by about 50p, fingers crossed to the upside. 110-115p brakout point roughly target 160p, imo

[davethehorse] 18/2/2019 08:54

Why the huge spread at the moment? MMs playing more games...

[davethehorse] 13/2/2019 16:31

Looking good for a rise up to 120p level fingers crossed :-)

[davethehorse] 11/2/2019 14:30

Get the feeling MMs don't have enough stock... alot of playing around with the price... definately only going one way at this price..

[davethehorse] 11/2/2019 12:48

Agreed, maybe pushing 120p around full results time in March and going forward the next 12 months 140p my price target

[haywards26] 11/2/2019 12:35

Yes for sure, I would hope to see 120-140 here within the next 12 months if large diamonds continue to be unearthed.

[davethehorse] 11/2/2019 12:32

Good support and not much selling after the slightly disappointing update, can see GEMD having another good year though and at prices below 110p they are a great buy IMO.

[davethehorse] 09/2/2019 12:41

Based on similar pink fancys this stone will be worth upto £10m ish, depends on quality of course, type 1 not 11 so won't be really top end.

[davethehorse] 09/2/2019 08:20

https://twitter.com/GemDiamondsLtd/status/1093889899114254337?s=19

[davethehorse] 07/2/2019 16:46

Sticking in there until at least results time in March. Disappointing the update was not more positive in terms of cash but the shares are a hold/buy at present IMO.

[ukgeorge] 07/2/2019 09:39

I'm fed up with the BS and have sold will likely regret it.

[davethehorse] 07/2/2019 09:32

I agree, noticed the big drop in net cash which as you say not fully explained. That's the reason for the drop in price imo

[ukgeorge] 07/2/2019 09:15

No dividend for us......

I wish they would give more information on capital expenditure instead of the "business transformation" waffle

Q4 Cash

The Group’s net cash position was US$ 17.5 million (of which US$ 14.0 million was attributable to Gem Diamonds).

Q3 Cash

The Group’s net cash position was US$ 36.2 million (of which US$ 25.3 million was attributable to Gem Diamonds).

[ukgeorge] 06/2/2019 09:07

Another penny or two and it will be hitting resistance. So I would expect a pause or retrace, fingers crossed for a dividend

[davethehorse] 05/2/2019 15:26

Much more like it, another day ticking up tomorrow pre results looks on the cards too. Hopefully 120p ish leveld won't be too far away...

[a13878713] 05/2/2019 15:06

Give us a special dividend and a share buyback, this share been to low for to long.

[ukgeorge] 05/2/2019 15:03

This is a bit better :) 109p

[ukgeorge] 05/2/2019 10:43

I just hope they are not planning anything. They have failed on multiple occasions.

[davethehorse] 05/2/2019 10:27

FDI may be a target very close by but they have lots of debt