Gem Diamonds Share Discussion Threads

[happygolucky] 23/12/2015 00:02

hxxp://www.dakotafinancialnews.com/gem-diamonds-limited-gemd-rating-reiterated-by-rbc-capital/754169/

Would be happy with any of the price targets mentioned!!

[dr know] 22/12/2015 16:37

Wow, a 20% rise in a day and half. Does anybody know the reason ? Maybe they've found another giant sparkler.

[eastbourne1982] 02/12/2015 02:22

If Gem Diamonds locate a big diamond the share price could really shoot up given the healthy balance sheet and low valuation, despite the tough market conditions these should really be trading above £1.50, I'll continue to accumulate around the £1 mark.

I'm holding both Gem and Petra as I feel there could be returns of 50 - 100% on offer within the next 12 - 24 months.

[salpara111] 23/11/2015 13:00

Article in The FT today about Platinum suggesting that Jewellery demand may decline by 9% in Chine next year which has got be bad news for diamond sales as well.
Gemd is the most financially secure but I suspect they are going to have some difficult decisions to make concerning Ghagoo.

[resourceful] 23/11/2015 12:52

are you guys nuts
the big lucara stones will hit the prices of the GEM Type2s
Lower prices and higher costs in Lesotho will make Gem unprofitable
Ghagoo is small

petra is in trouble
too much debt

Lucara can buy both for cash

[dr_ex] 20/11/2015 13:37

we need to find one of these.

[eastbourne1982] 16/11/2015 09:24

Paragon Diamonds is an absolute dog with a shocking history in terms of financial performance.

Gem is at the other end of the scale completely, i.e. a very good business that consistently delivers the goods, Gem and Petra are the only two worth looking at imho.

[alan@bj] 16/11/2015 09:16

I see Paragon Diamonds has requested a temporary suspension due to financing issues, thankfully not something that afflicts GEMD.

[pj 1] 11/11/2015 09:12

In the outlook statement in case anyone missed it. ''Ghagoo production faces a very challenging market at present''

Agree with Salpara no need to rush in here at all, if I ever do as attempting to keep my PF away from this sector

[salpara111] 11/11/2015 08:25

I imagine they are not ramping up Gaghoo due to the fact that it is loss making.
It is annoying that they don't break out the financials for the two mines but I guess that is deliberate as they don't want investors to know that Gaghoo is operating at a loss.
Overall the figures are not bad but I am not going to buy back in again until I see the end market pick up again.

[clinton baptiste] 11/11/2015 07:52

From the GEMD website re Gaghoo:

"As part of the mine’s Phase 1 plan, a production rate of approximately 60 000 tonnes per month is expected to be achieved by mid-2015."

From today's results:

Q3 2015 H1 2015 9 months to 30 September 2015
------------------------ -------- -------- ------------------------------
Ore treated (tonnes) 109 751 132 125 241 876


They are still falling way short of where they should be at Gaghoo.

[aylingd] 06/11/2015 17:26

What is the large OT trade after the close ?

D.

[paul the octopus] 04/11/2015 21:31

I won't agree on this bit "none of the diamond miners are going no where", they are going down, like it or not, but that's the chart telling.having cash and no debt would only mean that it won't tank fast, but it won't stop it from going down.£1 broken down and sentiment ain't helping

[salpara111] 28/10/2015 09:00

Well, PDL results were as expected.
Until the demand side of the equation improves substantially none of the diamond miners are going anywhere.
There will be good money to be made at that point in time but it could take a year or more for this supply/demand imbalance to sort itself out.
GEMD are in a good position given their unstressed balance sheet which is pretty unique for a miner.

[ards] 28/10/2015 08:29

the only saving grace at minute is that it has plenty of cash so no debt concerns.

[cestnous] 27/10/2015 11:11

Not on that chart Fib.imo

[paul the octopus] 27/10/2015 10:57

very sensitive to bad news, and takes ages for good ones to reflect. GEM PDL all tanked, so why not GEMD

[fibmeister] 23/10/2015 07:58

time to buy

[salpara111] 16/10/2015 08:27

Article in the Times about a very poor De Beers auction despite cutting prices by 8%.
Eventually the cycle will turn but I suspect it could be quite some time before that happens.

[undervaluedassets] 08/10/2015 09:41

miners have been showing a bit of life lately .

This company has been performing throughout the downturn in the mining sector.

value will out in the end .

[eastbourne1982] 07/10/2015 12:46

Been buying these recently at under £1.14, sentiment is bad for this kind of share however bad sentiment creates opportunity, I reckon these will be back above £1.50 within the next 12 - 18 months.

[watson] 02/10/2015 11:13

Stock market pundits in the IC and Questor in the Telegraph regularly strongly recommend GEMD and other gem stocks as buys. Trouble is that if I'd followed such recommendations over the past 5 years or so, I'd be a poorer man.

I find this paradox puzzling: could it be an example of group think among media folk?

[alan@bj] 01/10/2015 19:19

Fortunately Sainsbury's have been good to me this week. Good news of another acquisition by TRI today as well.

[salpara111] 01/10/2015 18:39

Yep! still not taken it off my monitor but will at the end of the month.
I managed to get out for 129 and put the money into OPAY where I am up 10%.
The hardest thing to do as an investor is realise a loss, I had to do it again yesterday with an even bigger loss on Panmure Gordon who have consistently failed to gain traction over the last few years. I took a 35% hit there....ouch!
I suspect that GEMD probably need to consider putting Ghaghoo on care and maintenance and just focus on the high value stones which don't seem to be so susceptible to pricing pressure in the more mass market area.