Gem Diamonds Share Discussion Threads

[ukgeorge] 06/4/2020 11:03

they are tempting down here, couldn't build the mine for this price.

[davethehorse] 06/4/2020 10:13

Positive 2nd sale, back in for a few

[davethehorse] 01/4/2020 10:11

Probably would have got £20m a few months back

[a13878713] 01/4/2020 07:54

Gem Diamonds Limited (LSE: GEMD) announces that the first round of the Letšeng flexible tender sales process concluded on 26 March 2020 and raised US$12.1 million for a selection of Letšeng's large, high quality diamonds.The results of the initial round of the flexible tender sales process for a selection of Letšeng's large diamonds demonstrates the continued demand for these high quality diamonds. The US$12.1m raised from the sale maintains revenue and cashflow during the current challenges of the Covid19 global pandemic.

[a13878713] 30/3/2020 14:01

Can see this share going to 40p markets always looks 6 months ahead! This share fallen too much already.

[davethehorse] 30/3/2020 12:33

Can see 20p short term for GEMD woth the state of the diamond market and mines being mothballed.

[a13878713] 25/3/2020 09:27

Scrolling down here someone did mentioned 114ct find, so this must be old news.

[a13878713] 25/3/2020 09:04

Question marks where not put there by mebut by advfn.

[a13878713] 25/3/2020 08:59

Between 28 February and 3 March 2020, a number of white top quality gem diamonds, and a pink, were recovered from Letšeng:1. Left Back: 56 carat2. Right Back: 88 carat 3. In front: 53 carat 4. Centre: 13 carat pink5. Left Front: 114 carat 6. Right Front: 33 carat This was the latest find put on their website after 19th of March.

[davethehorse] 19/3/2020 14:16

For now that's the best option imo

[haywards26] 19/3/2020 13:11

Sold my shares here...Preservation of capital until the current crisis is over...

[davethehorse] 19/3/2020 12:11

Prob pick these up for 20p or less in coming weeks

[makemeamuffin] 19/3/2020 11:07

well GEMD released a positive RNS today with result of smaller diamond auction, also found a way to sell the other bigger diamonds online to get around the auction closures, mine running at 100% , no cases of virus, diamond prices were down 18% would have expected a lot worse, i guess diamond industry is safe haven territory to a degree, obviously food and toilet roll is more important;0)

[davethehorse] 19/3/2020 09:24

Big reduction on expected value

[a13878713] 19/3/2020 07:13

The tender realised US$ 7.8 million.

[davethehorse] 18/3/2020 13:16

Markets may even get suspended soon

[davethehorse] 18/3/2020 13:15

Too soon yet imo going much lower

[ukgeorge] 18/3/2020 08:55

Tempted to buy a few down 50% in a month on low volume. Obviously lots of risk

[davethehorse] 16/3/2020 12:01

These could go as low as 10p in the next few weeks! Crazy!

[davethehorse] 16/3/2020 08:08

Mr 7.5k seller is back

[davethehorse] 13/3/2020 16:31

Think its way to early to buy back in here

[ukgeorge] 11/3/2020 14:11

mad drop, but anything can happen

[davethehorse] 11/3/2020 14:10

Can see this dropping to 30p sort of level before it picks up again

[alex1621] 11/3/2020 10:28

I think I'd be concerned about Covid-19 spreading to Lesotho, as that would potentially lead to mine closures.