Stellar Diamonds Share Discussion Threads

[johnwise] 26/1/2015 07:24

Stellar Diamonds PLC Director's Dealing

26 January 2015
RNS Number : 0856D

[taxislags] 23/1/2015 12:35

New video for Stellar posted today

[targatarga] 22/1/2015 07:35

Wonder if things will be the same in ten years time. Regular fundraisings with the carrot on the stick of kono!....

[tradermel] 07/1/2015 08:52

Meanwhile in Liberia ...



If we get rid of that worry and Stellar nails a couple months production the share price can only rise ... surely!

[totally banjo] 06/1/2015 12:21

Also:

UPDATE - Stellar Diamonds says Guinea trial mining on track; opts for larger Antwerp auction
By Ian Lyall
January 06 2015, 11:16am

---ADDS BROKER COMMENTS AND SHARE PRICE---

Stellar Diamonds (LON:STEL) said it is planning a far larger auction of stones than was first anticipated as it updated on progress at its Baoulé kimberlite pipe in Guinea.

In total it will sell 5,900 carats, which consists of 2,200 carats from Baoulé and 3,700 carats of inventory taken from other projects.

Stellar said it decided to opt for a larger auction in Antwerp, centre of the world diamond market, to maximise revenues.

"The planned sale will be scheduled for later in January, when buying activity resumes in Antwerp after the end of year break,” said chief executive Karl Smithson.

In the same announcement investors were told 2,145 carats have been unearthed from the five hectare Baoulé pipe at a grade of 15 carats per hundred tonnes. High quality gems continue to be recovered, including stones of 8.5 and 6.6 carats in size.

The processing plant is running at its planned 50 tonnes of ore per hour optimum rate, meaning monthly production should be in the order of 2,000 carats, assuming the current grade is maintained.

"We are pleased with the on-going progress of the trial mining at Baoulé,” CEO Smithson added.

“The regular occurrence of larger gem quality stones is highly encouraging, as is maintaining our target plant processing capacity and run of mine grade, in order to achieve our objective of processing 2,000 carats per month during 2015.”

The City broker Sanlam has been heartened by progress to date. It pointed out the frequency of large stones suggests the kimberlite is host to a “good percentage of gem quality stones”.

It therefore reckons a price of US$200 a carat is achievable, which stacks up to be US$30 a tonne of ore mined, or double the mining and processing cost.

“Based on Stellar’s 22mln-tonne resource estimate, which is likely to be quite accurate, Baoule represents a good sized and decent margin mining project,” said Sanlam analyst Charlie Long.

At 11.15am, the shares were marking time at 1.2p each.



edit

[truthteller3] 06/1/2015 12:13

hxxp://stellar-diamonds.com/news/press/progress-update-on-trial-mining-at-baoule-kimberlite-guinea

This is an encouraging report. I wonder why the company did not issue it in the usual way as an RNS. Certainly many private investors would have missed it, unfortunately. I did, until I saw tradermel's post

[taxislags] 06/1/2015 09:39

Sale could be $1million say, ave carat price of $170

[molatovkid] 06/1/2015 08:25

Quite liking this. Should be a strong period ahead with first diamond sales in January and then sales every 2 months thereafter....

[tradermel] 06/1/2015 07:44

RNS - Trial mining production meets its first month target

[totally banjo] 05/1/2015 16:10

5 January 2015

Stellar Diamonds plc

("Stellar" or the "Company")

Director's dealing

The Company was informed on 5 January 2015 that Lord Peter Daresbury, Non-executive Chairman of the Company, on 30 and 31 December 2014 transferred 1,335,000 ordinary shares from a nominee account in his personal name into a personal ISA as follows:

[totally banjo] 29/12/2014 10:53

Sector news/views:

Diamond lights tipped to shine brighter in coming years
By Andrew Neil
December 27 2014

"Diamonds have been a bright light in an otherwise generally gloomy mining sector in 2014.

Demand is strong and prices are set to rise according to Russia’s Alrosa, one of the world’s top three diamond companies.

Increasing demand and lack of new rough diamond capacity in the next five years will help prices climb, it believes.

Much of that demand is coming from emerging markets with combined demand in China and India tipped to match US demand by 2020.

It’s a view shared by many analysts, who argue the sparkling stones remain the ultimate aspirational purchase therefore the long-term consumer demand story remains intact.

So, as the middle classes of developing economies such China and India become wealthier, demand will continue to tick upward.

“We strongly agree with Alrosa’s view of the diamond market going forward and we see the sector as one of the few bright sparks currently,” said Investec.

“The diamond sector remains a chronically underinvested industry facing strong demand growth from China and India and a recovery in demand from the US and Europe, its traditionally largest markets.”

Essentially it’s become market where supply struggles to keep pace with demand.

Aside from the Diavik Mine in Canada, which started producing in 2003, there have been no important new discoveries since the early 1990s.

Just thirty significant diamond mines are operating in the world today.

That’s good news for the miners already digging.

Analysts at Bain & Company expect global demand for rough diamonds is forecast to grow annually by a rate of 5.9%.

Dominion, formerly known as Harry Winston Diamond Corporation, predicts diamond supply from existing or new mines will grow annually by only 2.5% until around 2018, when production is expected to level off and probably decline.

Miners therefore, are in the enviable position of operating in a consolidated sector with a large and competitive client base."


"Other notable players

Stellar Diamonds (LON:STEL) – The AIM quoted West African focused diamond development company has just passed a major milestone on its route to generating cash after revealing it had exported its first package of stones from its Baoulé kimberlite pipe in Guinea.

Stellar said its trial mining plant is now running at 55 tonnes of wet kimberlite per hour, which at the current average grade should result in 2,000 carats being produced a month. It expects to run a sale every two months."

For full article see link below:

[jimcar] 26/12/2014 15:17

Small mention of stellar in this article

[johnwise] 22/12/2014 06:23

Russians turn to art, jewellery and diamonds as rouble slides

[targatarga] 17/12/2014 08:27

I,ve had these for years first buying when named zicor. Don't think anything will ever happen for the humble pi except dilution. Fundraisings is stellars forte. imho

[kaos3] 10/12/2014 16:30

bridge finance is a loan?

[frogkid] 09/12/2014 15:45

I am also disappointed. These people are the human equivalent of leaches. Still, the asset is good
Frog

[totally banjo] 09/12/2014 15:32

It's just a bridging loan!

Chief Executive Karl Smithson commented:

"The Company is at an inflection point with the first sale of diamonds from our Baoulé Project expected this month and further regular exports and sales expected to occur every 2 months thereafter. This Loan Facility provides a source of bridge finance to support the working capital and operating requirements of the Company whilst we begin to generate regular cash flows from Baoulé.

[bsg] 09/12/2014 15:31

YA Global Master SPV Ltd Bad news IMHO (for a while anyhow)

[odvod] 09/12/2014 15:29

true hence :(

[unionhall] 09/12/2014 15:27

I have never seen one of these work out well for the company and PI's.


perhaps this time will be different .....

[totally banjo] 09/12/2014 15:25

prefixed by "In the event that Stellar does not meet the expected repayment schedule in respect of repayment of the Initial Tranche, the Second Tranche or any other agreed tranche"

[odvod] 09/12/2014 15:20

"drawn down by Stellar under the Loan Facility is convertible at Yorkville's option (in whole or in part) into ordinary shares of the Company ("Ordinary Shares") at 95% of the lowest daily volume weighted average price ("VWAP") of the Ordinary Shares during the 10 trading days following receipt by the Company of notification of an intended conversion"

selling shares into the market, depressing the SP, watering down the present shareholders is on my mind looking at 1p

I expected that the present shareholders would open their purses.