Gemfields Share Discussion Threads

[chickbait] 16/6/2022 16:40

Buy on rumour, sell on news...

[chickbait] 15/6/2022 22:16

caiman47. Are you saying that the next RNS is not going to be as super rosy as super rampy sarecen3 is making it out to be?

[caiman47] 14/6/2022 10:24

@Divmad. It's on page 44 of the most recent presentation (March 2022). Recovered rubies fell almost continuously from early 2018 until Covid shutdown. The restart has gone well but the best grades have already been mined. Gemfields have done a vast amount of sampling and mapping and consequently have a good idea of where the rubies are.

The notes on the same slide make this clear: "Increased emphasis has been placed on diversifying areas of the mining licence where ore is sourced, implying lower overall grades."

Also: "Gemfields’ ‘stretch target’ is 10,000 carats of premium ruby per month.". That would take them back to 2018 levels.

[chickbait] 14/6/2022 08:06

waiting for my sell order and then on a free carry. Love it xxx

[chickbait] 14/6/2022 08:04

My CGO nest egg has come good mwah xxx

[chickbait] 14/6/2022 08:01

What do they say. Buy on rumour and sell on news. shame you lot got spiked paha

[chickbait] 14/6/2022 08:00

Looking forward to your RNS LMAO..

[divmad] 14/6/2022 07:37

GGP is still adjusting to life as a minority shareholder, with cash calls whenever and however much, the control party deems necessary. The drift back after the exploration phase is not over yet. Uncomfortable for the believers.

[saracen3] 14/6/2022 07:35

No, doubling the money on a significant holding.

[chickbait] 14/6/2022 07:31

saracen3

The market summary for the past 5 years for GEM is not so good is it. Down over 57%

Did you get spiked!

Is this why you are ramping so much??

Market Summary
>
Gemfields Group Ltd
17.44 GBX
-23.18 (-57.07%)past 5 years
13 Jun, 16:30 BST • Disclaimer

[chickbait] 14/6/2022 07:18

Not telling anyone to bet but there is an outsider at 50/1 in the Coventry stakes 3.05pm

Late September?

[chickbait] 14/6/2022 07:05

Royal Ascot starts today. Save your money and if you have a bet and your horse loses at least you got a thrill of watching the best flat race horses, trainers and jockeys in the world. xx

[chickbait] 14/6/2022 07:03

Me, I'd rather have my money tied into a resource where I know how much is held and future growth which I know. GGP xxx

[chickbait] 14/6/2022 06:59

Only 3 days to find out what, what..

[chickbait] 14/6/2022 06:58

Sarecen3. What happens if the gems mined are of poor quality and small in size. What happens to the share price if there is a humdinger RNS?

[chickbait] 14/6/2022 06:55

Saracen3. Can you post how many gems have been mined prior to the auction and what quality are they? Are there a lot of poor quality stones? Are there a few good quality stones?

How do you know that the auction goes well?

Are you a super ramper?

This is AIM. Everyone knows that the majority of AIM shareholders lose most of their investments so what makes your ramping any different?

[saracen3] 13/6/2022 21:59

Wow you just posted one of the biggest bull points, gems as a rule rise in value at the rate of inflation. Exactly what investors want to find in a period of stagflation.
Many thanks.

[chickbait] 13/6/2022 20:49

Market Summary
>
Gemfields Group Ltd
17.44 GBX
−0.81 (4.45%)today
13 Jun, 16:30 BST • Disclaimer

[chickbait] 13/6/2022 20:46

Making Money Investing in Gems: The Top 5 Rules

hxxps://www.gemsociety.org

As a rule, gems increase in value at the rate of inflation. This means you should assume that a bad deal today will be a bad deal in 3 weeks or 3 years when you ...

Rule #2: You’re Unlikely to Recover From a Bad Buy on a Gem
As a rule, gems increase in value at the rate of inflation. This means you should assume that a bad deal today will be a bad deal in 3 weeks or 3 years when you eventually sell.

[divmad] 13/6/2022 19:05

Caiman, how do you know that ruby grades have halved one the last few years? That's what you are suggesting.

[saracen3] 13/6/2022 13:45

New pit opening is higher grade.

[caiman47] 13/6/2022 13:21

The second washplant will not double ruby production. Grades have been falling rapidly since the 2018 peak and so throughput has to be doubled in order to maintain ruby production at similar to present levels.

[saracen3] 12/6/2022 11:21

Good thanks.

[divmad] 12/6/2022 09:25

Actually there is no withholding tax on dividend from Jersey to non residents.

[saracen3] 12/6/2022 09:21

Incorporated in Jersey so 10% withholding tax I believe on London reg stock.