Share Name Share Symbol Market Type Share ISIN Share Description
Gem Diamonds Di LSE:GEMD London Ordinary Share VGG379591065 ORD USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +0.68% 73.50p 73.25p 73.50p 74.50p 73.25p 74.50p 34,835 11:17:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 153.7 -100.5 -93.0 - 101.70

Gem Diamonds Di Share Discussion Threads

Showing 1751 to 1773 of 1775 messages
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DateSubjectAuthorDiscuss
09/9/2017
09:43
HNR TWO wells successfully drilled with abundant oil and gas in samples extracted! Fracking and FIRST OIL next month! Don't miss this train!
happyholder123
17/8/2017
14:47
a dollar is a good price if it is bleeding money
resourceful
17/8/2017
12:58
The fact no offer price was muted would make me think the offer is low and no where near the cost invested into it...
haywards26
17/8/2017
11:13
Gem Diamonds (GEMD LN) H1 results delivers EBITDA of US$43.5m down 70% yoy. Revenues were down 14.8% yoy. The company has seen lower mining and grades in the period with lower value per carat realised e.g. US$1,779/ct vs US$1,899/ct a year ago, although the latest figure is up from US$1,480/ct realised in H2 2016. Gem’s second mine that was placed on care and maintenance, Ghagoo, is currently subject to an offer. The company’s transformation programme is underway to deliver US$15mpa of savings from October. The company ended the period with net debt of US$14.2m. Source: Company Investec View: A tough set of results, but the possible sale of Ghagoo is welcome news, although we doubt a sale price will come close to how much the company invested.
ukgeorge
17/8/2017
09:35
are they in real trouble losing money and cash
resourceful
14/8/2017
17:13
This company do have a history of buying and now building an uneconomic diamond mines. They rely on the Lesotho mine to prop up the managements f ups.
ukgeorge
09/8/2017
15:39
Have to wonder why this isn't a serious candidate for a takeover by either another producer or private equity, the market cap is relative peanuts now when you consider the potential this business has.
eastbourne1982
25/7/2017
09:27
Positive note from finnCap Gem Diamonds H1 Trading Update BUY Gem Diamonds has announced a trading update for the first half of 2017, including Q2 operating results. The Letšeng mine in Lesotho continued to operate well, with diamond production steady at 24,599 carats in the period. The company achieved average diamond prices of US$1,779 per carat, up 20% from the same period last year. The most recent tender achieved a particularly encouraging US$2,385 per carat. Production guidance for the year is maintained, albeit towards the lower end of the range. We retain our 150p price target and Buy recommendation. *Four diamonds larger than 100 carats were recovered during the half year, with additional high quality stones being recovered that were slightly smaller. Post period end an exceptional 126.75 carat D-colour Type IIa diamond was recovered, bringing the total greater than 100 carat diamond recoveries in 2017 to five. *The Group had US$ 20.0m cash on hand at the end of June 2017, of which US$16.1m is attributable to Gem Diamonds. US$34.2m of the available facilities have been drawn down, of which US$25.0m relates to the Ghaghoo facility, resulting in a net debt position of US$14.2m at the end of the half year. *Post period end, the US$35.0m Revolving Credit Facility was successfully restructured into a new US$45.0m facility.
thomasthetank1
17/7/2017
14:42
The Idex Index of wholesale prices for better quality diamonds is down form 137 to 118 over the past three years. Rough prices, you can bet, are down worse than this. The industry has problems of final demand and squeezed credit lines to cutters and polishers. GEMD's saving grace is its production of big, high quality individual diamonds where pricing is still OK. GEMD has to keep churning these out. Those companies not producing such rough diamonds are going to find it increasingly difficult to make a buck.
dickbush
06/7/2017
12:43
GEMD did advise last year that the stones would be smaller and lower value due to the area of mine being worked on. This year they are back into more lucrative areas....hopefully the share price will start to reflect this over the coming months.
haywards26
06/7/2017
11:07
Just bought a few of these, looks like the mine is back into the part of the kimberlite with the high value stones, fingers crossed
ukgeorge
06/7/2017
07:46
They appear to be hitting that target now of one a month that you suggest they need super.
woodpeckers
05/7/2017
21:35
Nice little touch for the directors for having delivered so spectacularly!!
noujay
23/5/2017
15:24
They need 10-15 of those to get back to the good old days. 1 or 2 found as pointed out months ago would see the share price keep going down and it did. The issue is CPHT, Letseng needs double figure 100+ carat stones per year to keep the earnings going in the right direction. EG $1700 per carat average on a 1.7 cpht rate gives a per tonne return of $17. So you need a costs per tonne under $17 all in. It's not about big sparkly stones but how many. CPHT is very poor at Letseng. Firestone have something like 25 cpht and something like $100 per carat. $25 per tonne returns. I don't hold either but studied all the Lesotho mines so passing on the key figures to check. In short ore cost per tonnes v ore value per tonne. Sort that and you know which has the best prospects compared to their current situation share price or market cap.
superg1
23/5/2017
13:28
Better update. Higher carat and more valuable stones being found as they previously expected.
haywards26
07/4/2017
12:58
Nice large diamond find announced this morning :)
haywards26
05/4/2017
16:41
mmm was interested in Gem Diamonds but looks riskier bet at the moment. Any suggestions for other resources stock perhaps less risky?
guy88
16/2/2017
13:22
Whilst disappointing today's update on the Ghaghoo mine is sensible...
haywards26
06/2/2017
14:24
Yes, not looking good currently. Do they have an estimate of the value of the deposit in Letseng? I guess they have some idea of the commercially recoverable value of the mine? I've done okay with this one over the last few years buying at low points ... for now I'll wait.
alex1621
06/2/2017
14:21
A year ago GEMD had net cash of 55 million USD It now has net cash of just under 4 million USD. That is extremely worrying.
eastbourne1982
06/2/2017
14:03
Alex They had a good big stone run on 2015 which meant in Q4 16 they needed around 10 or more 100 carat plus in the last quarter which was never going to happen( as in previous posts) As I have posted before sales in 2016 included earlier found stones and unless they hit big stones that factor would affect things too as sales move to the current finds which are not good. So on paper if they don't hit big stones q1 17 the $1440 per carat is going to drop futher. The easy maths is cost to process ore per tonne v ore value per tonne. That recent carat value rate is $22.50 per tonne. What are the costs. I note waste is climbing so that pushes opex up. Nothing to invest in here right now as it's totally reliant on luck for them to hit big stones again. High risk as it stands as it's all going the wrong way
superg1
06/2/2017
12:40
Financial position continues to worsen with cash seemingly being eaten up, I have held these in the past and always done relatively well however my previous buy in price of sub £1 is certainly under review, not sure the risk / reward is good enough now. A year from now GEMD could be riddled with debt, they really need to arrest this now, the special dividend last year looks like a poor decision now, this isn't really hindsight either as the company should have been able to forecast everything that has happened, in many ways they did which makes the pay out even more irresponsible.
eastbourne1982
06/2/2017
12:03
Letseng diamond finds disappointing to say the least ... is this just bad luck?
alex1621
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