Stellar Diamonds Share Discussion Threads

[frogkid] 23/7/2014 10:13

COuld be, if we get Kono back then the price could easily triple from here. Now ther's a thogught ! Look at what RLD have done recently, it can happen.

Frog

[burdetth] 23/7/2014 09:43

Could this recent rise be anything to do with kono licenses ?

[leopold555] 23/7/2014 07:32

Nice lol you watching Dailylarma ;-) Trust old Leo and dump that dog QPP fast lol

[leopold555] 23/7/2014 07:17

Yep steady as she goes :-)

[someuwin] 23/7/2014 07:12

Starting to look interesting here again.

[tradermel] 23/7/2014 07:09

MM's letting the price move upwards among the buy / sells

[leopold555] 22/7/2014 16:28

Arghhhh so nice that you worry about me but really I am fine :-)

[dailylarma] 22/7/2014 16:14

sell into the "price action"


Hope Leo is able to get out safely.

I am worried about him now. Put everything in this dog.

[norman115] 22/7/2014 15:54

Very nice price action today!

[truthteller3] 22/7/2014 10:35

For the record I just bought another 500,000. It was followed by a sale of the same amount. Perhaps the MM had a seller waiting. I don't have Level whatever...

Oh tut, these things are imponderable.

[dailylarma] 21/7/2014 14:49

"quickly heading for 7p"

483% return. SOUNDS GREAT LEO!

Good stuff!

[dailylarma] 21/7/2014 11:59

1.25 x 1.35

DYOR!

[dailylarma] 21/7/2014 11:52

Hope you can get out on the next RNS as many were suckered in on the last one.

Hold and sell everything on the next pump.

Or just take the hit now. DYOR

[leopold555] 19/7/2014 14:12

Get the Kono licence back an we could be quickly heading for 7p :-)

[kittitian07] 19/7/2014 12:51

Stellar Diamonds PLC Rating Reiterated by Daniel Stewart & Co (STEL)Posted by Scott Davis on Jul 17th, 2014 // No Comments??Stellar Diamonds PLC (LON:STEL)'s stock had its "buy?" rating reaffirmed by equities researchers at Daniel Stewart & Co in a research report issued on Tuesday. They currently have a GBX 5 ($0.09) target price on the stock. Daniel Stewart & Co's target price points to a potential upside of 270.37% from the stock's previous close.

[kittitian07] 19/7/2014 12:47

Stellar Diamonds: Sanlam turns 'buyer' after meeting managementBy Ian Lyall July 18 2014, 9:35am Moving his stance to 'buy' from 'hold', analyst Charlie Long reckons the stock is worth 2.1p – which is around 62% above the current share price.Sanlam Securities has turned positive on the prospects for Stellar Diamonds (LON:STEL) following a meeting with chief executive Karl Smithson and his team.Moving his stance to 'buy' from 'hold', analyst Charlie Long reckons the stock is worth 2.1p – which is around 62% above the current share price.Long in a note to investors said the discussion with Stellar management focused on the upcoming 'cash flow positive' trial mining at the Baoulé deposit in Guinea and the progress being made at Tongo, in Sierra Leone. "At this stage it is not clear which project is the flagship, since they both have potential to be highly profitable for shareholders," the analyst said.Earlier this month Stellar revealed the grade from the Tongo kimberlite increased to 155 carats per hundred tonnes from 120 cpht previously.   A total of 843 carats have now been recovered through processing material from the bulk sampling programme.The mine developer said the diamonds are high quality, with a modelled value of US$248 per carat, or US$384 per tonne on in-situ ore.The company says it is anticipated the project's resource size, currently estimated at 1.1mln carats, will be increased.Baoule, meanwhile, is a large diamondiferous pipe in the Aredor region of Guinea, a renowned diamond district.There is a wealth of information on the alluvial diamonds from the area, which, at US$400 a carat, are of the very highest quality.The suspicion is that the Baoulé kimberlite may be one of the sources for these stones.The project was explored in the early to mid noughties by Rio Tinto (LON:RIO) and bulk sampling was carried out by  the Trivalence Mining Corp, which means there is plenty of historic data, which Stellar has access to.Stellar is targeting an initial 22mln-tonne resource that could be mined as an open pit down to 300 metres. The estimated grade is 13-40 carats per hundred tonnes though even at that lower figure, this gives a resource of 3mln carats. The value of the stones is put very conservatively at US$200 a carat, although the quality of the alluvial diamonds found in the area suggests this number might rise.The group will earn 75% of Baoule by spending US$5mln, which will be a combination of cash and assets moved into the joint-venture company.The plan would be to move equipment currently at the company's Droujba project 60 kilometres away, which would allow Stellar to begin bulk sampling.This and the planned 10,000 metre drill programme would allow the group to compile a maiden resource for Baoulé by the year-end targeting 3mln carats.Long told investors: "Stellar has two very interesting diamond projects and although Guinea and Sierra Leone are not the easiest countries in which to operate, the potential value of these projects is more than sufficient to offset these issues. "Cash flows this year will differentiate Stellar from most of its junior mining peers and should represent a catalyst for the stock and we therefore upgrade our recommendation."

[leopold555] 19/7/2014 11:24

Still happy to hold and wait for news

[leopold555] 19/7/2014 11:23

Still happy to hold and wait for news

[leopold555] 17/7/2014 10:41

I travel with some ghouls from QPP because I was negative on that thread and they are a fanatical bunch lol I have stopped posting on there now ;-)

[kittitian07] 17/7/2014 10:32

Some very fair and balanced posts over the past few days and a nice reminder of where we are on the chart. Leo getting a bit of a slating but he has stirred up debate on an otherwise sleepy board. I maintain the view that Tongo underpins Stel and obviously the bankable feasibility study is key in respect of raising funds for development and further exploration. The mechanism for raising funds is not yet known. Progress at Tongo also affords time for progressing other assets that are currently on the backburner. We have the potential of Baoule to leapfrog the longer term assets and i look forward to upcoming newsflow. Keep the positive news coming Stel.GL to all holders.

[asmodeus] 16/7/2014 22:28

This is what I mean : July 16, 2014
Lucara Brings in Over $40 Million from Second Large Stone Tender of the Year.

When stella actually starts producing figures like this -then we can start to look towards 10-baggers etc. Although even with these figures - and with dividends being paid, this has not yet been the case with Lucara.

[totally banjo] 16/7/2014 17:20

A chart......



Another chart....

[leopold555] 15/7/2014 21:20

Thanks 75monty I can always rely on you to keep me right I will start packing tonight and leave on the morning

[75monty] 15/7/2014 19:44

Pack ur bags leo!

[grahamburn] 15/7/2014 19:41

If we accept that the company does hold licences in areas which will produce interesting results, the underlying issues for this company are twofold, IMHO.

First, in spite of recent fundraisings (which were in absolute and relative terms small), it will in the not-too-distant future have to find additional non-dilutive mechanisms for financing the further exploration and proving-up potential phases which still need to be completed on most of its projects.

Second, once - sorry, if - that potential is proved across the board, this potential will have to be sufficient to enable genuine working capital (not share capital) to flow to the business to enable it to realise that potential, (ie again without further dilution of existing shareholders).

This is, unfortunately, a reality which is undoubtedly reflected in the current share price - not uncommon in numerous small mining companies at a similar stage of development. It is also, due to its sensitive nature, not something which the CFO could be asked - nor, for the record, Leopold, SHOULD be asked.

The company may well have contingency plans and support in place which will resolve these issues. This will become clearer over the next few months, but until this happens, no amount of increase in potential resource will have a marked effect on the share price, however much the enthusiasts may wish (hope) it will, especially if the principal supportive shareholders and directors are directly involved in these plans.