Gemfields Share Discussion Threads

[philanderer] 24/7/2015 17:11

Link for Questor that rick mentioned

[hazl] 24/7/2015 15:30

I think juzzer was joking gold miner, by the way thanks for your posts.

[hazl] 24/7/2015 11:29

yes its a gem 8-)

[henryd14] 24/7/2015 11:12

Love this share

[43rick] 24/7/2015 07:55

Gemfields given a BUY rating by the telegraph's Questor this morning.

[goldminer70] 23/7/2015 14:25

I posted yesterday saying that an 8 page highly technical report on the Montepuez Ruby Mine had been issued.

Proactive Investors have written a very good summary.

"Gemfields’ (LON:GEM) Montepuez ruby mine in Mozambique has enough reserves for more than twenty years of mining, according to its first independent assessment.

Maiden estimates by consultant SRK were that the mine had a JORC-compliant indicated and inferred mineral resource of 467mln carats of ruby and corundum at an in-situ grade of 62.3 carats per tonne (ct/t).

Probable reserves, which carry a higher degree of certainty, are 432mln carats of ruby and corundum at diluted ore grade of 15.7 ct/t.

That is enough for 21 years of mining, according to an independent technical report.

Gemfields has been trial mining at Montepuez for some months, but the technical report sees a major step up in scale over the next two years.

Production would rise to 5.6mln tonnes annually by July 2017 (from 3.3mln) with processing capacity to rise to 1.3mln tonnes per annum by July of next year.

Costs to bring Montepuez fully on line would be US$65mln in the first two years and US$305mln over its whole life, but that would generate a value of nearly US$1bn and cash of more than US$2.7bn.

Ian Harebottle, chief executive, said this first recorded mineral resource and ore reserve statement was a milestone event and provides further evidence to the continued growth, positive momentum and opportunity inherent within the coloured gemstone sector.

Broker Investec said the numbers were very impressive, adding it had never seen an internal rate of return on a mining project as high as 312%.

“We also believe that the tenement package held by Gemfields has considerable upside potential from here” and how marketing might help to lift ruby price over the longer term."

Next month sees the 1st Auction this financial year of emeralds from the Kegem mine in Zambia and the Market report for the last quarter April to June and in September the full results for the current financial year will be released.

[goldminer70] 22/7/2015 22:24

I don't understand how juzzer100 in his post of the 17th could say "awful JORC results" five days before they were announced. Did he have advanced sight of the report?

Gemfields have today issued a new resource statement by JORC for the Montepuez Ruby Mine in the north-east of Mozambique.
It is 8 pages long and highly technical. It can be viewed on the Gemfield website.
It is very encouraging as it quotes a large increase in the resources of this mine.

The market has reacted favourably with a 5% rise in the share price today.

Roll on next month when the Market Update will be announced around to 8th Aug and the preliminary results for the full year announced later in the month or early September.

With all this good news I believe the share price will hit £1 by Christmas.
Goldminer 70

[hazl] 22/7/2015 08:06

wake up wake up lol

[juzzer100] 17/7/2015 17:24

Oooh - this is exciting!

I cannot believe that Harebottle and co will be standing up in front of the market and presenting awful JORC results.

Lots to look forward to IMHO

[hazl] 17/7/2015 12:18

22ND July next date then..

[philanderer] 22/6/2015 20:48

Still on the watchlist...



'Questor share tip: Falling ruby prices hit Gemfields'

Aim-listed coloured gem is increasing gem production but prices are mixed, says Questor

Gemfields 59.75p -4p

Questor says BUY

[hazl] 22/6/2015 07:43

'Eyes of the dragon'!
How appropriate!
I thought they might make them into earrings....as they were a matching pair,
Seems Gemfields needs many skills,not just mining ,collaboration and tact quite high on the list I would have thought.
IMO

[hazl] 12/6/2015 14:58

Thanks rick 22nd it is!

[43rick] 12/6/2015 12:27

Worth noting that collectors are going to be very interested in this exceedingly rare pair of pigeon blood red rubies (the highly desirable Burmese colour)combined size 45 carats. Auction results apparently expected on 22nd June 9 - see LSE BB.

[43rick] 09/6/2015 20:51

Sanlam lifts target to 90p to reflect ruby sales success - and that with an estimate of only 34 million dollars from this month's Ruby sale. With the recently announced 45 carat pair, that $34 m sounds conservative.

hxxp://www.proactiveinvestors.co.uk/companies/news/68579/gemfields-ruby-business-poised-to-drive-growth-says-sanlam-79876.html

[43rick] 09/6/2015 12:32

The chief executive of Gemfields (LON:GEM), Ian Harebottle, says the pair of matching rubies found at the firm’s Montepuez deposit in Mozambique are “potentially priceless” in the hands of the right jeweller or collector.

[ftseproactive] 09/6/2015 12:14

Video with Gemfields CEO on latest ruby find

[43rick] 09/6/2015 10:41

hxxp://www.proactiveinvestors.co.uk/companies/news/107842/gemfields-boosted-by-exceptionally-rare-ruby-find-107842.html

photo of the rubies

[43rick] 09/6/2015 08:33

Last month a 25.59 carat Burmese ruby – described as pigeon blood colour – sold at Sotheby's auction house in Geneva for a record £19million.

Harebottle said the two Mozambican rubies are also 'pigeon blood' colour which is usually only found in rubies from Burma.

The 45 carat stones will form part of Gemfields' auction in Singapore later this month.

[hazl] 09/6/2015 08:16

yes 45 carats....just searched

[tictac] 11/5/2015 17:58

Harebottle comes across well in that interview I feel. I hadn't quite understood the 'testing the water' nature of Sri Lanka before, but seems like a good plan to me. Would have quite liked him to tell us that Faberge was going great guns, but an honest reticence is fair enough.

I do rather look forwards to the day GEM pays a dividend - fairly sure I'll still have my holding - five years and counting so far.

[dell1234] 08/5/2015 14:08

New video interview with Gemfields and Shares mag - discussion on dividends, tax risks, Faberge future, etc