Gem Diamonds Share Discussion Threads

[davethehorse] 16/1/2019 20:51

Maybe the market waiting for confirmation of the 10 year lease of the mine from the government, was expected to be concluded by the end of 2018 but not seen an RNS confirming it or the terms of lease, they may be looking for increased royalties

[ukgeorge] 16/1/2019 15:24

It is a funny/strange industry. Especially strange that De Beers are now moving into the lab grown diamonds. GEMD should be under less pressure as the diamonds are higher quality (highes ct value globally) than the general average, but not so great for petra.

[davethehorse] 16/1/2019 14:49

A very negative article from ABM Amro on diamond price pressure from the growth of the synthetics market..

hxxp://www.idexonline.com/FullArticle?Id=44476

[davethehorse] 16/1/2019 14:36

Good luck the results can only be good so fingers crossed market sentiment improves.

[ukgeorge] 16/1/2019 14:29

Thanks for the article, I for my sins have Petra, Lucara and obvs some Gem D

[ukgeorge] 16/1/2019 14:25

Just talked myself into buying a few more added 4504 @ 103.6p or there abouts.

Roll on some good results and a dividend.......

[davethehorse] 16/1/2019 14:11

Could be this for general downward pressure but positive on GEMDhttps://www.miningmx.com/news/diamonds/35574-gem-and-lucara-tipped-to-shine-as-diamond-shares-struggle-with-headwinds/

[ukgeorge] 16/1/2019 14:10

yes I hope we are right. I guess it is because they are quite illiquid and under most peoples radar

[davethehorse] 16/1/2019 13:55

Can't understand why the shares are under a bit of downward pressure but confident these are a buy at these levels.

[ukgeorge] 16/1/2019 13:44

H1 EPS were 13.7p, full year I guess will be between 16p-19p

Surely they return some money to long suffering shareholders, as they have proven themselves as being completely inept when it comes to investing in new mines.

[ukgeorge] 16/1/2019 13:38

Looking at H1 results this looks like a bargain

FINANCIAL RESULTS:

Revenue US$167.7 million (up 81% from US$92.9 million in H1 2017)

Underlying EBITDA, before exceptional items US$68.4 million (US$13.0 million in H1 2017)

Attributable profit before exceptional items of US$24.5 million, after exceptional items of US$24.2 million (attributable profit before exceptional items of US$49k, attributable loss after exceptional items of US$2.9 million in H1 2017)

Basic earnings per share 17.68 US cents before exceptional items (Basic earnings per share 0.04 US cents before exceptional items in H1 2017)

Cash on hand US$70.5 million (US$47.7 million in 31 December 2017)

[ukgeorge] 16/1/2019 13:35

Tempted to add a few more, last years trading update was 02 February 2018, so a few more weeks to wait.

[ukgeorge] 11/1/2019 12:21

fingers crossed it breaksout on the upside of this consolidation pattern, at least we have bought near the bottom of the range today.

[davethehorse] 11/1/2019 11:36

I have topped up with 2k more too fingers crossed

[ukgeorge] 11/1/2019 09:46

Just bought 4k at 106.5p fingers crossed for another good year

[ukgeorge] 11/1/2019 09:14

Should probably buy a few at this price (105p).

I wonder if they will consider bringing the dividend back.

[ukgeorge] 06/1/2019 17:23

Ignore that last post

[ukgeorge] 06/1/2019 17:21

Hi, I thought that as well but i'm pretty sure it is the one from earlier in the month.

[sikhthetech] 06/1/2019 15:54

Well spotted Dave...

Another large > 100ct stone found..

"Gem Diamonds has recovered a 125-carat diamond at its Letšeng mine in Lesotho, bringing the company’s annual haul of 100-carat-plus stones to 15. "

[davethehorse] 06/1/2019 01:47

Why no RNS on this I wonder?https://www.diamonds.net/news/NewsItem.aspx?ArticleID=63195

[ukgeorge] 20/12/2018 14:16

certainly setting up a very bullish chart formation, those two stones last week must be worth several million, a return to paying dividends would be nice

[davethehorse] 20/12/2018 13:06

Big holders accumulating small share holders selling. I'm holding as think in the next 12 to 24 months these will fly.

[davethehorse] 19/12/2018 09:08

https://www.miningreview.com/gem-diamonds-large-diamond-recovery-streak-continues/

[davethehorse] 19/12/2018 07:49

Very nice rns :-)

[davethehorse] 15/12/2018 17:57

Yes very interesting I have suspected a merger with FDI may be on the cards for s while