||EPS - Basic
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Stellar Diamonds Share Discussion Threads
Showing 4201 to 4221 of 4225 messages
|Great announcement but if you think caustically without yesterdays director buying, these would still be below the offer share price. Keep buying boys!|
|I wonder how the minings going!|
|All aboard - but remember to jump before they fall off the cliff! imho|
|Summary of research notes…
STEL – West African focussed diamond exploration and junior mining company. Offices in London. Experienced board.
Sector – Tough. Exploration and junior mining companies currently unloved by markets, but good prospects for sector turnaround in next few years.
Diamond market – Prices fluctuating last few years, but demand widely projected to outstrip production in next couple of years, which should see steady increase in prices.
Current market cap – Ridiculously low at under £2 million. Huge scope for increase.
Funding – Tight. Delays in recent deals have eaten into working capital. Required recent share issue.
Projects – Huge scale compared to market cap. $4.5 billion potential revenue in flagship SL project. Could see production within 12 months. 3 million carat diamond resource in Guinea. Already mined over 11,000 carats there. Currently on the cusp of recommencing mining through joint venture project. Further projects on books in Guinea. Highly prospective exploration license in Liberia, also currently awaiting JV operations to start.
Board on board? – Yes. Regularly bought shares in past, and even transferred to ISA and SIPP accounts. Also have regularly taken shares for wages in past. Shows good commitment to company and for minimising dilution.
Transformational news on horizon? – Yes. Could be an exciting few months; JV announcement and confirmation of work commencing, license for flagship SL project, finalising deal to concurrently mine neighbouring project. Any of these could ignite the share price.
Conclusion – Not without it’s risks, but good prospects for turnaround and huge multi-bagger potential, especially from these levels.
Overall verdict – Strong buy.|
Hardly as the "remuneration" isn't in money.
It is in shares and, presumably, they still have to pay tax etc on the "notional remuneration figure..... which shows commitment.
However, the question now is whether committing further funds in the Open Offer is worth it for individual shareholders.|
|Can't beat a little dilution on a Monday morning, I am a long term holder but feel the company should be put out of it's misery!|
|£2m market cap is just option money, worth a punt imho.|
|looking at the diamonds sold so far - who would want it!|
|but then you are in a battle with anyone else that wants it|
|If I wanted to buy stellar outright I'd buy it off the administrato9rs in 18 months time for peanuts!|
|no more aim game for long. it is about getting 3omill or turn the lights out in this form. then someone else Will do it|
|cpap, trouble is AIM does give too many chances, there's always another group of mug punters around the corner and the BOD's recognise this. Rinse and repeat.|
|No. not terminal imho. they negotiated a deal with a partner. partner had to be assured in some way. peter... is putting in pure cash as equity which can be lost not a loan.
buying time to get financing done. at least part of 32 millions.
and then it is terminal or off to the race.
|Was offered the placing from various places but declined due to the history
STEL should understand that even the AIM can NOT keep giving 2nd, 3rd, 4th, 5th....etc....chances!|
|Yep, feels terminal. I wonder if the overdraft is already up to the max...|
|they are buying time.|
|Looks like Stellars management have been given a reality check. The fact that existing holders are offered shares shows their desperation. After running costs and expenses I bet the cash will only last months! imho|
|not so good news but on paper. they hint on delisting. they did not give solid info where the 32 mill will come from. 170k USD from citigate seems to be huge number atm.
on paper it looks good but there is reality to consider :)|
|Interesting turn of events, not totally sure what to make of it as yet but it feels like a good deal, still expected Capex of US$31.8 million in first two years|
|A poster on the LSE board has allegedly had reply from STEL via email. RNS this week - as expected I guess.|