Gemfields Share Discussion Threads

[justiceforthemany] 21/5/2024 13:08

Holding here but their capex is out of control! The net cash position has reduced substantially. Spending large amounts in such a risky place is foolish.

[1realist] 21/5/2024 12:53

Current market cap of £150m simply too low IMO.

[1realist] 21/5/2024 12:48

Total revenue from these 2 auctions last year was $124m ($34m emerald and $80 ruby).Hopefully a bit more this year with emeralds carried forward from November, but depends on productions levels and market. Will be interesting to see.Hoping for update on new wash plant at ruby mine as well. If it really can triple production from 2025 onwards then that's a big step up in company progression.

[1realist] 21/5/2024 10:57

Read that Rwanda are sending 2,500 extra troops to Northern Mozambique to beef up security up there too. Looking forward to to auction results. Hopefully market remaining strong and production decent.

[saracen3] 21/5/2024 10:02

And selling in Joburg seems to be drying up.

[1realist] 21/5/2024 10:00

Thanks Saracen. Dividend in June too, so hopefully all combines for a good run of newsflow and share price action over the next few weeks.

[saracen3] 21/5/2024 08:47

Confirmed auction dates

Result of Emerald auction 31st May,

Rubies 19th June.

[saracen3] 16/5/2024 11:26

Totally agree. Weakness may be due to a rise in terrorism in Mozambique but recent attack was 134 miles away and the army are still protecting the ruby mine.

[soleman1] 16/5/2024 11:16

I added toady at 11.9, pricing seems nuts.In 12-18 months when new plant online and backlog getting cleared output and profits surely going to be huge record for company and with returns policy in my humble opinion we will see massive divvi and massive increase in share price Again my opinion not financial advice but I'm expecting 2-300% increase in share price over next two years with divvis on the journey.

[gill17] 02/5/2024 13:12

I added a few shares at 11.5p as it seemed too tempting not too. I'm either going to make a significant amount of money, or loose my shirt, but at this point I'm not worried!

[saracen3] 02/5/2024 12:43

Going to be Premium emeralds end June and mixed quality rubies mid June.

The emeralds offered include the extra that was withdrawn last year so should be a good number. Rand recovering helps.

6% dividend yield to keep you warm until new ruby wash plant triples production.

Interesting few months coming.

[justiceforthemany] 02/5/2024 12:12

Assore should make their intentions clear.

[saracen3] 26/4/2024 16:43

Premium Rubies May Premium Emeralds June dont know dates yet

[justiceforthemany] 26/4/2024 16:36

Next auctions are when saracen?

[caiman47] 14/4/2024 11:41

Assore held 29.2% as of 25 March 2024. There has been no subsequent holdings related RNS so presumably the holding remains unchanged. Slide 31 in the most recent presentation is the source.

[saracen3] 12/4/2024 14:09

Selling in Joburg seems to have dried up. Crazy cheap but no-one wants AIM small

cap or a share quoted in Rand.

The Management dont give the impression of caring about the share price.

No-one took wage cuts in last rotten year. CEO is one of the highest paid on AIM.

[justiceforthemany] 12/4/2024 13:43

250,000 buy just gone through.

[justiceforthemany] 10/4/2024 12:13

This board is very quiet.
Assore hold 29%?

[justiceforthemany] 03/4/2024 11:31

Expect a low ball offer of 14-15p soon. Shanta Gold style robbery.

[saracen3] 01/4/2024 11:36

The new washplant will pay for itself in 18 months. Premium Ruby auction in May and emeralds in June.

[caiman47] 01/4/2024 10:19

Assore are generally value investors. This is portfolio diversification as they are over-exposed to manganese in South Africa and the dire state of Transnet.

Having said that, they recently tried to take over Atlantic Lithium.

[justiceforthemany] 31/3/2024 13:04

Hope this new plant is worth it as £100M seems to have been spent/wasted on it.

[xxx] 29/3/2024 11:04

Does anyone know who Assore are and their intention/history etc

[saracen3] 28/3/2024 15:39

Watched analysts meeting which was upbeat. 2024 and 2025 will be very strong years.

Co needs to move off AIM and up its profile with investors.

[justiceforthemany] 28/3/2024 11:19

What do you make of this price action?
Dire.
Have you contacted the company saracen?
No buybacks either now.