Gem Diamonds Share Discussion Threads

[salpara111] 05/4/2016 09:22

Well I have sold my stake that I bought just after the results so pretty much b/e.

[tomatoma2] 04/4/2016 16:17

better price needed

[weemonkey] 01/4/2016 20:15

This is not about Monday or even next Month.

Nothing is certain But over time this stock will correct it's extremely negative pricing. Mispricing like this is extremely rare. The market has ignored the fact that the company has been profitable here for the last 7 years - It has even ignored the fact that GEMD has grown earnings for the last three years in the middle of a downturn at a rate of 34% annualised).

Lesotho is unique and it's stones (peerless for four 'C's) are now being cleverly exploited thanks to the newly installed 'gentler' crushers. meanwhile conservative steps are being taken with Gaghoo whilst the market for more ordinary gemstones recovers.

Sentiment is maybe just beginning to turn - And in the interim investors will be paid to wait.

Long way to go - a PE of 4 yield of 3 is still extremely cheap. .

[dazah] 01/4/2016 20:13

Takeover? And what's the implication of that debeers news item?

[ukgeorge] 01/4/2016 16:40

closed just below the 200dma, but over the down trend

very nice, lets hope it rockets on monday

[tomatoma2] 01/4/2016 15:32

Bloomberg:De Beers's project to expand the world's most valuable diamond mine has encountered its first gem-bearing ore, seven years after it started.Jwaneng's Cut 8 encounters gem-bearing ore in southern areaDe Beers, Botswana project is country's biggest investmentDe Beers's project to expand the world's most valuable diamond mine has encountered its first gem-bearing ore, seven years after it started.The 24 billion-pula ($2.2 billion) plan to enlarge the Jwaneng operation in Botswana will eventually access an estimated 110 million carats through an area known as Cut 8, General Manager Albert Milton said in an interview at the mine, 120 kilometers (75 miles) west of the capital, Gaborone.Debswana Diamond Co., a joint venture between the Anglo American Plc unit and the nation's government, started the extension at Jwaneng in 2010, the largest single investment in the southern African country. Cut 8 will become the mine's main source of the gems in 2018, Anglo said in July last year. Miners have moved about 344 million metric tons of the 500 million tons of rock and soil needed to access the diamond-bearing ore known as kimberlite and have already found some, Milton said."We are encountering ore in the south already," Milton said. "We are not far from reaching ore in the north, and in the next couple of weeks we should be encountering it there too. We will continue exposing limited amounts throughout 2016 and 2017, but by 2018 we will be fully in the ore."

[tomatoma2] 01/4/2016 15:28

Nice chart

[dazah] 01/4/2016 13:44

Yes nice and perky today :)

[ukgeorge] 01/4/2016 13:43

Is this the start of the breakout? Fingers crossed that it is.

The 200dma is at 117p
100 at 109p
50 at 112p

I think a close above 115p should also break the down trend from August 2014

[weemonkey] 31/3/2016 08:12

POLY, ISAT, CINE, PTEC, INCH, SPD (oops .. for the moment but Mike Ashley house of commons situ is frankly storm in tea cup ), BYG, SHB, EMIS, IGG, SVS. BRWM (new)

I tend to hold for a long time (years)

DYO and all that.

[ukgeorge] 30/3/2016 16:40

What other plays do you like at the moment?

I have a load of these and petra.

[weemonkey] 30/3/2016 16:28

Overlooked . . I have been doing this a very long time . . And nothing is certain - but you do not get many opportunities like this in a lifetime of investing . .

[undervaluedassets] 30/3/2016 14:43

Made more money than Petra diamonds at recent results.

Made more money that 60% of the ftse 250 for that matter

Yet less than 1/3 of the market cap of Petra and not a FTSE 250 constituent

bonkers crazy cheap

[ukgeorge] 30/3/2016 12:41

Well let's hope someone bids for gemd then.

[weemonkey] 30/3/2016 12:15

You buy assets when they are cheap - none cheaper than here.

[weemonkey] 30/3/2016 10:21

I have bought a few more

Compound annual EPS growth rate of 34% over last 3 years.

PE of 4 yield of 3%. And the most unique and valuable stones on the planet coming from Letseng (in effect a unique franchise with diamonds worth more on average per carat than those of any other mine)

With Lawrence Graff as a patient holder (and who would know Diamonds better than Lawrence Graff?)

Very rarely have I ever owned a share with such deep value characteristics as this. And when I have they have not stayed such good value for long.

You never know but given the above downside looks very limited here. .

[ukgeorge] 30/3/2016 10:20

Jus got downgrade by bank of america

[ukgeorge] 24/3/2016 11:57

6-Mar-16 JP Morgan Cazenove Overweight 201.00 Reiteration

[funtimejonny] 23/3/2016 17:18

Here's hoping Mon ami!

[ukgeorge] 23/3/2016 12:57

bought myself a few more of these. Looks as though the downside is pretty limited and the 6p dividend is pretty good.

Should creep over the 200dma at 118p over the next week or two which will be positive.

[resourceful] 23/3/2016 09:46

who are Gem talking to in Botswana