Gem Diamonds Share Discussion Threads

[ntv] 05/6/2018 14:56

anyone attend the agm and got any feedback?

[ntv] 04/6/2018 13:41

lets just hope it is one of the big mining companies starting to sniff around
mine is cash generating and can easily afford a generous dividend to share holders
previous acquisitions proved to be a waste of money and management time so lets hope this gets taken over before they do something stupid with the cash

[ukgeorge] 04/6/2018 12:10

pleasant surprise here roll on 120p+

[matt123d] 01/6/2018 18:23

Large volume trade trade today

[ukgeorge] 01/6/2018 17:28

120p next week

[ukgeorge] 30/5/2018 14:50

getting ready for the next leg up here :)

[ntv] 25/5/2018 15:40

petra seems a bit of mess tvh
happy to here at the moment

[thevaluehunter] 24/5/2018 12:53

The balance sheet here is so much better than over at petra. They will still have c$450m of debt even after the raise. I just take the view why invest in companies with debt of more than 1x ebitda or db pensions.

[ukgeorge] 23/5/2018 13:06

Given the rest of the markets are down it is pretty positive that these are flat/up a little today bodes well

[thevaluehunter] 23/5/2018 13:06

Yes they need to bank the cash and pay dividends. This does look like a the makings of a very good year. I think the first half could be revenue of $160m with record ebitda.

[ukgeorge] 22/5/2018 15:25

or building an uneconomic mine and then sell it......although that is what they excel at

[ntv] 22/5/2018 15:20

As long as they don't waste the cash on some stupid acquisition

[thevaluehunter] 22/5/2018 13:50

I'm just having another look at the last presentation and highest annual number of >100 carat diamonds was 11 in 2015. So far in 2018 they have 9 in less than 5 months so we could be taking 21 or 22 if they keep going at this rate. Also no net debt and dollar strengthening.

[ntv] 22/5/2018 12:03

based on the last white diamond they sold
I wonder whether it is worth as it is larger
don't know anything about the diamond market other than it is controlled by DE Beers
if these sorts of finds keep coming through every quarter then cashflow will be good
as cash builds then it will be easy for the company to pay a good sustainable dividend
with these larger finds on a fairly regular basis then would suspect than someone will be doing some calculations on the basis of nett cash inflow and on the long mining licence
at the moment it appears to be fairly low valuation based really on the last 4 q's but not on the improving mining and financial position
2Q and half year results should make pleasant reading

[thevaluehunter] 22/5/2018 11:58

I'd prefer to be in here than Petra because they've got large amounts of debt. In terms of GEMD they have already smashed H1 revenue last year in the first quarter of 2018 ($106m of revenue) so I see big upside. You never know they could do close to the entire market cap in ebitda this year!

[ukgeorge] 22/5/2018 09:13

I did wonder where the $6m came from. You never really know but $6M sounds good :)

Amazing how sentiment changes with these.

Starting to wish I had bought a few more :)

there was an article out a few days ago by a de beers guy saying diamond prices were doing very well highest in a few years.

I've also got a load of petra who are seemingly also back in an uptrend

[ntv] 22/5/2018 09:00

so am I
could easily afford it
my calcs based on last one
$56,028 per carat x 115

[ukgeorge] 22/5/2018 08:48

9th 100+ ct of the year already more than 2017.

I'm hoping they reinstate the dividend and it is 5p +

[ntv] 22/5/2018 08:43

another $6m diamond

[ukgeorge] 14/5/2018 12:15

Heading in the right direction :)

[matt123d] 10/5/2018 16:12

Stays above 105.5p next week look for 128p as the next level.

[ukgeorge] 10/5/2018 16:06

Roll on 120p

[catsick] 09/5/2018 00:56

This should be way higher, sitting on aload of cash now and pulling massive diamonds out of a very sweet spot, getting rid of the underperforming assets and capable of creating 50m usd of cash per quarter, can do an aggressive Share buyback with the mountain of cash they are creating and push this to 3 quid in no time

[matt123d] 08/5/2018 22:16

Monthly breakout, 130p target area.

[ukgeorge] 08/5/2018 11:08

Nice start to the week :)