Gem Diamonds Share Discussion Threads

[ukgeorge] 02/4/2019 12:18

Yes was just thinking the same, 26th April last year.

[davethehorse] 02/4/2019 12:11

Nice! First quarter results in a few weeks.

[a13878713] 02/4/2019 11:47

On Gems website "134 carat type 1 yellow diamond recovered at letseng" on 31 March 2019

[davethehorse] 28/3/2019 08:11

Berenberg downgrade on GEMD yesterday from 120p buy to 95p hold, prob a signal to buy lol

[davethehorse] 27/3/2019 10:10

MMs totally killing the market for this share

[davethehorse] 22/3/2019 12:35

Maybe but since they stopped officially announcing them by RNS we don't really know. They did have the pink fancy though so still a decent start to the year, the Q1 update will tell us more in April.

[ukgeorge] 22/3/2019 12:11

Thanks, found the tweet, on one tweet it said first 100+ct of 2019, which is a bit disappointing.

The stone in the picture looks great

Roll on finding a few more

[davethehorse] 22/3/2019 11:45

Yes saw it on twitter first but also on their website

[ukgeorge] 22/3/2019 11:39

Thanks Dave, was that on twitter?

[davethehorse] 22/3/2019 11:12

A high quality type 11 161 carat recovered at Letseng by Gem yesterday I hear...

[davethehorse] 22/3/2019 10:15

That's more like it, strong support at 90p and weak holders at that price shaken out it seems.

[davethehorse] 20/3/2019 09:37

A 5.5% drop at the open before any trades after a strong up day yesterday, ummmm... very easily manipulated this stock...

[ukgeorge] 20/3/2019 09:07

As example two trades today 188 shares and 4k so under £4k worth.

[ukgeorge] 20/3/2019 09:03

such a volatile share, moves on tiny volume.

[davethehorse] 20/3/2019 08:40

What happened?

[davethehorse] 19/3/2019 16:40

Strong day :-)

[ukgeorge] 19/3/2019 10:05

roll on a £

[davethehorse] 18/3/2019 18:13

Certainly should bounce from here, shouldn't have dropped that much in the first place IMO. Suppose it will struggle to break back though 100p now though.

[ukgeorge] 18/3/2019 16:45

Fingers crossed this bounce continues over the next couple of days

[davethehorse] 16/3/2019 17:53

Any guesses what GEMDs Ghaghoo mine might fetch.? They seemed confident they would secure a buyer this year on the analyst call the other day. They paid 35m dollars originally I think.

[davethehorse] 16/3/2019 09:29

They keep saying on the presentations that I have seen that the money is made on the number of quality stones recovered in the 20 to 60 carat range, the huge specials make the headlines but they say they are not critical for a good profitable year. We will see but obviously recovering big, quality 100 carat plus stones achieve top dollar and like the fancy pink, help with the dollar per carat price ratio at year end.

[ukgeorge] 15/3/2019 15:56

I think part of the reason for the share price weakness is that despite 2018 being a record year in terms of exceptional stones found the end profits were ultimately not that much and no dividend.

What are they going to be at the end of 2019 when we are mining a lower grade area. The mine could even be loss making.

I missed the call on wednesday, so they may have given more detail there but I really don't like the way they don't give much guidance on what is the cost of this $100M cost saving scheme.

[ukgeorge] 15/3/2019 13:32

the spread on these is shocking any decent buying and they will be straight above £1

[ukgeorge] 15/3/2019 10:22

88.8p, lets hope it brings some luck....or three fat ladies...