Gemfields Share Discussion Threads

[saracen3] 23/2/2023 11:30

The army are now based in Montepuez where the mine is.

[justiceforthemany] 23/2/2023 11:06

The insurgency talk may just be over blown. Having looked into this several countries including the US and UK are helping in this fight with the militants outnumbered by about 20 to 1.

[saracen3] 22/2/2023 16:05

A line of over 17 million shares traded at 380 cents in Joburg. Value £2.9m Hopefully the start of the 50m share buy back approved in December

[justiceforthemany] 16/2/2023 19:22

Regardless 60,000 sold today at 17p. Can not deny that.

[caiman47] 16/2/2023 15:47

This is about Nairoto which is the gold prospect. It's only in the portfolio because the General wanted it to be so. No impact on earnings or valuation

[saracen3] 14/2/2023 17:26

4% fall is nothing, will regain it quickly.

[justiceforthemany] 14/2/2023 15:59

I believe this is the third time in the past year that such a statement has been released? Previously staff were back working after 10 days.

[saracen3] 14/2/2023 15:54

Hi Teacup your Greatland are down more than Gemfields today.

[rolo7] 14/2/2023 13:33

Tree shake kind of news this attack no where near the mine people and market need to read.

[justiceforthemany] 14/2/2023 12:17

Pan African Resources is a 200K per annum gold miner in SA. Trades at 4x earnings.
Kurdish oil and gas companies like GKP and Genel yield 12-15% and trade at just 2-3x earnings.
Steep discounts are all down to geopolitical risks. If these do not materialise however they could double or triple from here.

[saracen3] 14/2/2023 11:12

The S African shareholders are more used to political risk and only 88k have traded

there against 620k in London. Should rally from here.

[saracen3] 14/2/2023 10:46

Liberum comment today 27p target

Gemfields (BUY, TP 27p) – Insurgency attack near exploration camp
There has been a suspected insurgency attack 15km south wests of the exploration camp of Nairoto
Resources (75% owned by Gemfields) and employees are the process of being evacuated. The attack
is 83km north of Montepuez Ruby operations and there is no impact to operations there. We have
already raised the discount rate used in our NPV calculation from 15% to 25% for Montepuez last
October, when insurgency activity occurred closer to the mine. We think the likelihood of attack on
operations is small, given it size, but the risk can not be ruled out. Recently Total has said to consider
returning to the area for their gas investments as they believed insurgency activity was winding down

[teacup] 14/2/2023 10:24

Next stop 14p here by Friday as people digest the news today

[teacup] 14/2/2023 10:20

Lots of unknowns

[saracen3] 14/2/2023 10:16

A great opportunity for Gemfields to start its 50m share buy back.

[saracen3] 14/2/2023 10:06

The Mozambique Government is doing everything possible to keep the ruby mine open

as it is just about the only tax payer in the province.

That is why the army is now based in the local town.

[raleigh43] 14/2/2023 09:47

I jumped this morning on the news. Too many unknowns for now.

[saracen3] 14/2/2023 09:25

As Gemfields produces about 60% of World ruby production and Myanmar exports

are sanctioned, any threat to production pushes up the price of rubies as buyers fear

disruption to supply.

[farnesbarnes] 14/2/2023 09:10

Africa is always going to be higher risk. Orphans and widows etc. Same goes for Latin America, and other emerging economies.

[justiceforthemany] 14/2/2023 08:44

Tipped by Midas a matter of weeks ago.
Explains the P/E of 4
Dividend of 12% or more
No reward without risk?

[saracen3] 14/2/2023 08:02

When the ruby mine was closed some months ago the shares only fell 10% and bounced

straight back up again. The mine remains open.

The share price is largely backed by cash and the final dividend due to be announced

next month will put the shares on a yield of 13% plus.

Great buying opportunity for those like Teacup who missed out on the shares rising

200% in 2 years.

[teacup] 14/2/2023 07:50

Watch the share price fall over the next few days

[saracen3] 14/2/2023 07:42

83 km away from the ruby mine which is where the army is based,

no effect on ruby production. The site closed is an exploration base only.

the news is irrelevant. The poster has not read the RNS properly.

[teacup] 14/2/2023 07:16

This mornings news is disastrous. I can see why the seller cleared out. Who knows what will happen now.