Stellar Diamonds Share Discussion Threads

[grahamburn] 14/7/2014 11:00

Was the CFO aware that you were going publish quotes from his reply on a public bulletin board?

[leopold555] 14/7/2014 10:30

Just received the reply from the CFO regarding my questions about the Kono licence in which I asked if there is a chance of getting the licence back and in the mean time is anyone else mining Kono?

Philips reply gave me enormous encouragement:

* The Company continues through legal and diplomatic means to acquire the licence. We are working towards a solution but this takes time in this part of the world.

* "there has been no activity on the licence for over 2 years now, either by us or any other parties"

* "We remain confident, as we always have, that the licence will come back to us, and I am sure we getting closer to that day"

* "I think it is fair to say that the loss of the Kono licence has been more than priced into our share price over the past 2 years and the return of the licence would provide a significant uplift given the quality of the asset"

* "I think all parties agree that the revocation of the licence has not in any way benefitted the local population or the country as a whole "

Leo

[leopold555] 14/7/2014 09:10

Happy to hold, may be a a month or two before we get news but the potential is great imo :-)

[leopold555] 14/7/2014 05:56

A lot of upside here and little risk of downside imo

[asmodeus] 13/7/2014 18:32

Should we expect the kiss of death before the intercourse or afterwards?

[leopold555] 13/7/2014 12:31

Oh Christ 75monty I usually have an immediate answer for you but I do confess you have me there :-(

[leopold555] 11/7/2014 07:01

Goodpick you have far more knowledge and history in this than me an your thoughts are most welcome.

I have invested quite a lot into this 2.5m shares as I am confident that the management will turn this around this year, so in the next 6 months.

These are the highights for me:

Tongo progressing well and news imminent July?
Blackrock doubling their stake
CEO buying although small potatoes
Hardly any downside risk 1.25 I would say is the floor graph bowling up
JV encouraging
Still a good chance of Kono coming good and that will send the share price into orbit

[goodpick] 11/7/2014 06:54

Leopold,Thanks.Trial mining is just what it says - a trial. The company have given no indication of how long the trial is for and how much net income is attributable to Stellar.No indication has been provided on project feasibility, capital expenditure requirements. Do they need a mining licence ? I have read the web site pages and the RNS and this information is not available.The company said they would have a DFS for the flagship Tongo project this year previously and that has now been delayed to 2015.I hold quite a few of these but am being cautious but optimistic.Rgds

[leopold555] 11/7/2014 06:01

Yes Goodpick
Re RNS

"Trial mining will utilise Stellar's existing in-country mining plant and equipment"

At the moment they are building the road to get the equipment there and a bridge. So the costs of this need to be added.

Re RNS

"Plant commissioning expected by end August 2014 "

" our recently completed financing means that Stellar is fully funded to move Baoulé into the trial mining stage and in-turn cash flow. We are also fully funded to continue bulk sampling and diamond value modelling for the definitive feasibility study underway at our 1.1 million carat Tongo kimberlite project in Sierra Leone"

I don't know what the overall capital costs will be for full production or what percentage Stellar pay with the JV. Perhaps others invested know?

[goodpick] 10/7/2014 19:01

Leopold do you know what the capital costs of bringing the Baule mine into production are or are they going to able to just re-use what they have ?

[leopold555] 10/7/2014 12:53

lots of good news to come in July/August exciting turn for this share

[leopold555] 10/7/2014 08:59

kittitian07
8 Jul'14 - 08:37 - 2654 of 2667 0 0


The bit I like is the 12% increase at Tongo before reprocessing of material. Tongo is jorc compliant so this plus news on the 1000 carat sample this could increase both grade and resource and be a catalyst for a significant re-rate. Also looking forward to updates in respect of the timely delivery of boule operations.

----------------------------------------------------------------

Agree Tongo continues to surprise and is a fantastic asset :-)

[leopold555] 10/7/2014 08:39

Highlighs

* Blackrock doubling their holding

* CEO buying shares

* JV over a 1km² exploration licence which hosts the five hectare diamondiferous Baoulé kimberlite pipe in the Aredor district of central Guinea.

* JORC compliant diamond resource of just over 1 million carats Tongo project

* Fully funded

[leopold555] 10/7/2014 08:39

Highlighs

* Blackrock doubling their holding

* CEO buying shares

* JV over a 1km² exploration licence which hosts the five hectare diamondiferous Baoulé kimberlite pipe in the Aredor district of central Guinea.

* JORC compliant diamond resource of just over 1 million carats Tongo project

* Fully funded

[leopold555] 09/7/2014 11:02

Added a few more on the dip

[leopold555] 09/7/2014 08:56

Just tried to buy 50k computer says NO unbelievable!

[leopold555] 09/7/2014 08:47

Sells 319607
Buys 443447

and I cannot buy online crazy!

[leopold555] 09/7/2014 08:44

Cannot buy 100k :-/

[truthteller3] 09/7/2014 08:39

I do not propose to dwell further on this matter but it should be noted that GOODPICK's post 895 (under the name 'letsbemorehonest', can you believe it?) has been deleted, presumably by ADVFN.

I would guess that it was for lying, under a false name........