Gemfields Share Discussion Threads

[saracen3] 12/12/2024 17:48

Panmure Liberum note 20p target.

Huge recovery forecast for next and following years thanks to new ruby wash plant

trebling production and a return to better grades.

Patience required but upside much greater than the downside.

Chinese recovery will boost demand again when consumer optimism picks up.

[justiceforthemany] 12/12/2024 13:51

So what do people make of the legal case?
Almost back to Covid lows...

[justiceforthemany] 11/12/2024 14:39

It's a diabolical share price and where are the director/CEO/Chairman buys?

[saracen3] 10/12/2024 15:32

Ruby auction result on Thursday. Trouble in Mozambique may push stone buyers to be keen to ensure supplies. With new wash plant coming on stream in June, demand for rubies is most important.

[justiceforthemany] 10/12/2024 14:45

Investor presentation has only tanked the share price even more!

[justiceforthemany] 02/12/2024 16:29

Saw that. Old news now.

[jaka] 02/12/2024 16:02

Doesn't look like the best jurisdiction in the world for a ruby mine and mill. Shooting at the locals to bring order, good luck! ? 21st October 2024By: BloombergAbout 300 people invaded a pit at the Montepuez ruby mine owned by Gemfields Group in northeastern Mozambique on Sunday, CEO Sean Gilbertson said that two people were shot by policeA crowd estimated at 500 gathered at a local village later in the evening intending to enter the mine, Gilbertson said by text message. A disinformation campaign circulated earlier that the company "opened its mine for mining by anyone" for 24 hours, he said."This campaign is fake" and was promoted by ruby smuggling syndicates, the company said in a statement. "Two people suffered firearm injuries when police responded to escalating aggression."The operation supplies about half the world's rubies, according to the company's website.Political tensions have been high in Mozambique since the Oct. 9 general election. Multiple observer organizations have raised questions over the credibility of the nation's election process.Opposition leader Venâncio Mondlane, 50, called for street protests on Monday after his legal adviser, Elvino Dias, was gunned down by unknown gunmen

[justiceforthemany] 02/12/2024 13:09

Almost back to Covid lows.
Hope you're giving the board hell saracen.
No director buys either.

[justiceforthemany] 27/11/2024 16:41

At the interims the board were saying how low the share price was at 13-14p and trading well below NAV, well what about now?

[justiceforthemany] 26/11/2024 17:56

Assore hold 29.2%
What do they make of this..?

[justiceforthemany] 25/11/2024 13:57

I remember. It was about 18-19p actually. Board's decision to waste their cash hoard on 'growth' has halved the share price! Well done bar stewards.

[teacup] 25/11/2024 11:10

Saracen Remember just over a year ago when Gem was twice Greatland Gold at 15p. You bet me Gem would double to 30p and Greatland was a waste of money. I will remind you again when the Greatland price passes GEM Saracen in the next few weeks.

[saracen3] 22/11/2024 15:03

Read the statement another company is causing the disruption in the short term.

[justiceforthemany] 22/11/2024 14:44

Seen the volume today?
Hope you're giving the board a rocket saracen.

[justiceforthemany] 22/11/2024 12:18

All that capex- when can they see results?

[saracen3] 22/11/2024 08:17

Panmure Liberum cuts target from 22p to 20p. Still optimistic for ruby auction next month.

[justiceforthemany] 22/11/2024 07:49

saracen and others have been very bullish on this for years now.
Unsure why.
Check RNS today.

[justiceforthemany] 14/11/2024 15:25

What did the Chairman have to say?
RSI down to just 12, oversold +++

[gill17] 14/11/2024 14:33

This is a disaster!

[justiceforthemany] 14/11/2024 14:09

Well it's dropped below 10p!

[saracen3] 13/11/2024 16:23

Emerald auction news 22nd November Rubies December 12th.

[justiceforthemany] 13/11/2024 16:19

Any update?
When is the auction in November?

[saracen3] 07/11/2024 18:15

Auctions this and next month. Company meeting Institutions and brokers from Monday.

Have lots of questions to ask the new Chairman

[justiceforthemany] 07/11/2024 13:26

Are any of you putting pressure on the board here? share price is unacceptable.

[justiceforthemany] 25/10/2024 14:18

She'd be like Truss if she did.
I don't think she will.
Lots of wild guesses going on.