Stellar Diamonds Share Discussion Threads

[tradermel] 07/5/2015 06:51

Anyone want to buy some Diamonds?

[balbains324] 28/4/2015 20:28

The company is holding onto a fair few diamonds, any commercial potential will encourage other companies to make an offer for the operation which will send this on its way to 2p. A good sale will also get us going but there is plenty to work with here.

[bsg] 28/4/2015 10:43

The BOD will spin it out as long as they can.

[joesoap3] 27/4/2015 14:27

There may come time when this is worth buying but it's not now. Clearly recently there has been a steady stream of selling that shows no sign of stopping.

The sad thing is investors lose their precious cash but the board still makes their money however bad things are.

[richie1218] 23/4/2015 19:57

PAUL ROWLEY ADDRESSES DUBAI DIAMOND CONFERENCE

22 April 2015

Speaking at the Dubai Diamond Conference, De Beers' Executive Vice President of Global Sightholder Sales Paul Rowley encouraged all participants in the diamond industry to start preparing for the next 50 years, saying that they must focus on targeted investments if they are to make the most of the opportunities over the medium and long term.
Rowley said Dubai is an example of how to generate success in the diamond industry through a series of targeted investments. He noted that Dubai had grown from playing a minor role in the global diamond business to become one of the key trading centres by recognising the opportunity on the horizon, then investing to create a positive enabling environment.

Highlighting De Beers' activities throughout the diamond pipeline, Rowley noted that De Beers was also using targeted investments to position itself for future success. "Starting with the consumer - as consumer demand is the only true source of value in the diamond trade - we invest in diamond equity. In the midstream, we invest in rough diamond sales and distribution excellence and improved efficiency, while upstream we continue to invest in production capacity expansion (with Cut 8, Venetia Underground and Gahcho Kue) as well as exploration, so that we so that we can help meet increasing diamond demand," he said.

Rowley called on the wider industry to follow a similar programme of targeted investment in order to maximise the potential of the industry's exceptional medium and long term demand outlook. "Here in Dubai, there has long been a clear appreciation of the need for timely action," said Rowley. "Investments made many years ago are still paying off today. The leadership of this emirate saw the opportunity; they made the investments; and they are now reaping the rewards. At De Beers we continue to make investments throughout the value chain that we believe will drive our success in the years ahead and all participants in the diamond industry have the chance to do likewise," he added.

Rowley told the audience that there was only a limited window of opportunity for investments if their benefits are to be maximised, saying that he believes there will soon be a period of heighted opportunity for the industry, and urging the industry stakeholder to "focus now on the appropriate investments" in order to take advantage of this.

He concluded by saying, "If we take this opportunity to deliver the diamond dream to as many people around the world as possible then we can set this industry on the path for success for the next fifty years."

[targatarga] 20/4/2015 18:24

the directors will get their wages regardless....

[bsg] 20/4/2015 14:25

Trouble is at the mo. is they're not going to make enough selling their diamonds to fund everything so more placings ...

[frogkid] 20/4/2015 13:13

this just does not seem to want to move up.

[balbains324] 20/4/2015 07:02

Just purchased a load today been watching for a while and think this company is finally turning around. Good RNS plenty of diamonds. Good buy will hold and forget.

[taxislags] 20/4/2015 06:47

Larger stones now coming through with 10 carat and 12 carat stones appearing. And a figure on average $/carat on baoule diamonds of $266 per carat.

[tradermel] 20/4/2015 06:28

Interesting RNS today that can only help a recovery in SP

[richie1218] 16/4/2015 21:18

Barclays to fund diamond sector. Barclays Plc has started lending to diamond dealers and is financing buyers of rough stones in Botswana and South Africa. Barclays’ move comes amid a lending drought in the industry after KBC Groep NV wound down its Antwerp Diamond Bank unit. Barclays is not the only bank stepping in to fill the financing void. As Dubai seeks to rival Mumbai and Antwerp as diamond trading hubs, banks there including Emirates NBD PJSC, Mashreqbank PSC, and National Bank of Fujairah PJSC have also started funding financing diamond cutters, polishers and traders operating on the Dubai Diamond Exchange. Source Bloomberg

Investec view: The good news that Barclays will step in and fund diamantaires who have been squeezed by lack of credit in recent months comes alongside update from De Beers that shows that diamond prices did slip slightly at the back end of 2014, but that prices were up 7% overall on the year. We support the De Beers view that prices will resume their upward trend given strong and growing demand out of US and continued growth from China.

(posted by UKGeorge on the PDL bb)

[richie1218] 14/4/2015 09:41

CNBC have a programme titled "The Diamond Rush" tonight at 10pm if anyone is interested.

[ridicule] 09/4/2015 15:26

Limos would face legal dispute in international court from STEL if they tried to buy Kono. The title deeds are in STEL's name. They were pursuing legal and diplomatic processes but have recently been following the diplomatic route as progress is apparently being made.

[targatarga] 09/4/2015 11:28

Surprised Limoz doesn't just buy Kono off the sl authorities!

[ridicule] 07/4/2015 09:29

Mandala and Droujba in Guinea have been on Care & Maintenance for a few years and it would make a lot of sense to raise $10mill to help accelerate Tongo in Sierra Leone.

The Company's emphasis on SL and the reported support for accelerating Tongo from SL Authorities also reinforces the Company's optimisim that the Kono dispute will be resolved in Stellar's favour.

The next month or so look like being exciting times for Stellar.

[grahamburn] 03/4/2015 17:01

If this story "has legs", then the main question so far as Stellar is concerned is whether the whole figure being raised will find its way to Stellar. Perhaps Limoz will buy the projects for a pittance and use the vast bulk of the funds for the future development.

[richie1218] 03/4/2015 16:26

Posted over on LSE BB by JimBL

Did anyone else pick up on these? Could be a whole game changer very quickly! -

"Meanwhile, Limoz was said to be raising $10-million to acquire two diamond projects currently under care and maintenance in Guinea from Stellar Diamonds."

[richie1218] 02/4/2015 07:47

I'm of the thinking that if STEL think they can get away with not doing a DFS on Tongo and doing the Preliminary Economic Assessment ("PEA") in stead, then I would expect that the funding has already been given the green light by a third party, dependant on the PEA report of course.

[targatarga] 01/4/2015 22:31

looks like the market has priced these at 0p

[suicidesid2] 01/4/2015 09:51

My buy of 231K @85.99 showing as a sell.

[taxislags] 01/4/2015 08:47

tradermel, I nicked it from the LSE board. It does seem genuine though.