Gemfields Share Discussion Threads

[ukgeorge] 24/12/2015 12:25

hopefully going to break this down trend in the next week or two and have a bounce back towards the 50p mark

[hazl] 23/12/2015 10:00

VERY GOOD POST JUZZER

[juzzer100] 21/12/2015 20:25

Launders - thanks ever so much for sharing the link. I watched it a week ago and I cannot deny its content has tainted my excitement of GEM and the results of the ruby auction. I agree it is disturbing and unsettling and very much brings to life the odd footnotes (which are easily missed) in GEM's quarterly reports of 'security issues' around the mine. Whilst we are all purely invested in shares for profit, I personally would feel much more comfortable holding GEM if it did actually pass a small proportion of what it makes selling the stones to the people who live on the land the company has acquired for the mine. The benefits of doing this are huge in improving the relationship with the locals which, regardless of who is in the right on the arguments in the film, I can only see deteriorating. Maybe, once the board have enjoyed their Christmas holidays, the BoD may think to address this more formally.We can then see just how true Mr Harebottle is to his word about GEM having a uniquely ethical approach in the mining world.

[goldminer70] 21/12/2015 10:15

Good results of the Singapore Auction announced this morning
Total Auction revenues of US$28.8 million;
By weight 98% sold
By Value 95% sold

For further details see Gemfields website

Goldminer70

[lauders] 19/12/2015 01:34

On a brighter side for you holders:

[hazl] 16/12/2015 16:44

Thanks UncleJohn I wish you luck with your investments.

[uncle john] 15/12/2015 19:26

Sorry that you are going hazl. Whilst one is unsettled by the reports from Mozambique I am sure that Ian H will do all he can to produce a fair outcome for all sides in this.

[hazl] 15/12/2015 15:07

I have no doubt going forward that this will be a good investment with the Faberge name and so on.
It is with some sadness then that I have decided to sell as it feels like the end of an era for me.
I had always considered it an ethical investment,and whilst I don't expect this is the company's fault but rather a symptom of politics and policing in the area I cannot be associated with it unless things change.


IMO

[lauders] 14/12/2015 11:05

hazl - You are welcome. Think shareholders should know and make any decisions knowing what is out there. Doesn't seem to have affected the price today :-) Perhaps the upcoming ruby auction in Singapore is having the opposite effect?

[hazl] 14/12/2015 11:00

thank you for bringing it to our attention.

[oilyminer] 14/12/2015 08:57

Whatever the facts, this could take a while to sort out. I do believe that the company will be exonerated. But there will always be the 'no smoke without fire' people voicing there opinions. The waters could get very muddy.
Any more clichés that one can add?

[lauders] 14/12/2015 01:16

As shareholders perhaps you should be aware of this footage?



Not a holder but have followed Gemfields as my area of work. Whether the contents are entirely factual is another matter. Good luck those who hold.

[hazl] 07/12/2015 10:32

Perhaps they do read our posts?! Director share-holding on the 3rd.
Still not the CEO though.

IMO

[hazl] 02/12/2015 21:39

some lucky person will have won the Faberge amethyst ring donated to the raffle.
I think we need some incentive!

[hazl] 02/12/2015 16:05

Got some XTR as well unsure of golds immediate direction but in my experience its often better to get stocks when they are in an unloved sector but still rated individually.

IMO

[hazl] 02/12/2015 08:58

Thank you for alerting us to that meeting though john.
There are some interesting topics being discussed....the rise of India ....'Why diamonds have replaced gold as the new store of wealth for adversity' as well as our interest, much later in the day. Whether that's a good thing or a bad thing I don't know from the attendance point of view.I suppose people may go straight from work.
Anyway,a question I return to is around coloured gems,will they continue to be the fashion I wonder and for how long?
I can only see this company going from strength to strength,it has solid assets,good and growing relationships and the Faberge name.

IMO
edit

some informed posts on l s e bboard imo

[uncle john] 02/12/2015 08:49

Anyone going to AGM early Friday morning? It is very close to Liverpool Street station.

[hazl] 02/12/2015 08:32

Yes an ideal opportunity unclejohn good thinking....anybody going?

[uncle john] 01/12/2015 10:40

hazl: a good point re CEO.
Anyone going to Mines & Money? Might you have a chance to speak to Ian.
I know he will be there tomorrow afternoon, he is speaking at a Women in Mining event.

[hazl] 30/11/2015 09:44

I am waiting for the CEO to get some shares himself and invest before I do anything else.It would show confidence.IMO

[hutch_pod] 23/11/2015 17:57

SPangel

Gemfields (GEM LN) Buy, Target Price 82 pence – Good Results from Jaipur Emerald Auction

Buy Target Price 82 pence

The company reported sales of US$19.2m from the sale of 4.45m carats out of 5.07m carats offered.
This is up 17% from the same time last year.
The average sales per carat was up 30% to US$4.32/carat against US$3.32/carat the same time last year.
Lots sold by value was 88% against 91% last year but consistent with previous auctions.
The carats on offer was less than in previous auctions at 5.07 carats against 5.62 carats offered the same time last year and down from 10.1 carats offered in Feb 2015.
A higher quality emerald auction in Singapore netted US$34.7mm in September this year with an average realised price of US$58.42/carat.
Gemfields next auction will take place in Dec 2015 and is expected to be a mix of rubies and corundum from the Montepuez deposit.

Conclusion: This is a good result for Gemfields with carat per value up 30%. With one high quality and one low quality auction for FY 2016 already done, the company has netted US$53.9m against our full year forecasts of US$68.8m from Kagem. This gives them 78% of assumed sales from Kagem and means they are well placed ahead of their next emerald auction. We factor in lower prices and higher volumes in our assumptions and will review this as sales progress through the year.

The shares have come back with the sector and now offers a better entry point for a company which is unique in the coloured gemstones market. We maintain our buy recommendation on the shares.

[goldminer70] 23/11/2015 10:47

Gemfields plc
("Gemfields" or "the Company")
Results - Jaipur Emerald Auctions
23 November 2015
Gemfields plc (AIM: GEM) is pleased to announce the results of its auction of predominantly lower quality rough emerald extracted by Kagem Mining Ltd (which is 75% owned by Gemfields and 25% by the Government of the Republic of Zambia) in Zambia.
The auction was held in Jaipur, India from 18 - 21 November 2015 and the proceeds of this auction will be fully repatriated to Kagem Mining Ltd in Zambia, and with all royalties due to the Government of the Republic of Zambia being paid on the full sales price achieved at the auction.
Highlights
The Kagem Auction
· Record auction revenues for lower quality auctions of USD 19.2 million;
· New record of USD 4.32 per carat for lower quality auctions;
· Highest number of companies placing bids (since Jaipur auction of March 2011);
· Of the 5.07 million carats offered for sale, 4.45 million carats were sold (88%); and
· 20 Kagem auctions held since July 2009 have generated USD 379 million in total revenues.
The Kagem Emerald Auction
A total of 29 companies placed bids in Gemfields' second auction of Kagem production in the current financial year. The auction marked the first auction of predominantly lower quality rough emerald outside Zambia since June 2012.
The auction saw 5.07 million carats of lower quality emerald extracted from Kagem placed on offer, with 18 of the 23 lots offered being sold, generating auction revenues of USD 19.2 million. The auction realised an overall average value of USD 4.32 per carat, a new record for lower quality auctions.

Goldminer70

[johnweaver] 23/11/2015 08:52

So we have a good result from the auction and our trading, but so far no reaction.
What is the problem?

[hazl] 18/11/2015 17:02

'Today’s financial world is a tough place for the average person but paradise for rich guys. As easy money raises asset prices, the owners of those assets make effortless profits. Then they buy expensive toys and trophy properties. Hence the recent boom in fine art, high-end real estate, yachts and private jets.'



How about some Faberge?