Stellar Diamonds Share Discussion Threads

[kaos3] 14/8/2015 08:58

Should I buy Balaton shares? I like Balaton lake btw for the high living there. Highly recommended.

[targatarga] 14/8/2015 08:52

looks like balaton will soon own stellar....

[targatarga] 13/8/2015 10:18

bsg - yeh, they could sell the diamonds occassionally at auction. Trouble is they've stumbled for so long!

[bsg] 13/8/2015 10:15

The BOD will never admit that, they'll get paid somehow for a few more years.

[targatarga] 13/8/2015 10:14

Unfortunately stellar are in no mans land. If they approach a broker they'll get laughed at. Stellar appear to be a busted flush!

[bsg] 13/8/2015 09:27

Don't you believe it. What about a placing @ 0.2p for 1,000,000,000 shares. Raise a couple of Mil. PI's think, have to average down now and buy @ 0.3p. So placer get their 50%. And BOD get paid for a while longer. Seen it before, take a look at THR.

[targatarga] 13/8/2015 09:13

bsg - think you'll find they can't no longer get any takers, a few years ago your broker would ring with a placing etc. Trouble is those investors are left with a very bitter taste. Just look at the likes of nvta, orcp, stel etc. Noone trussts these companies!

[bsg] 12/8/2015 13:59

Any outfit seems to be able to get a placing away. Its just at a very low price. Then the mug PI's buy at 25-50% over the placing price. So some make some easy money. Company gets it's money and off they go until the next placing. AIM don't you just love it.

[ridicule] 12/8/2015 13:52

Diamond sales are weak at present and the larger lots are easier to move. They are, therefore, not sticking to the 2-monthly sale plan. The next sale I expect to be September.

I think everyone accepts that there will be further dilution to develop Tongo but they want to prove up Baoulé in the hope of improving the share price by the end of the year. The sequestration of Kono has screwed this company and they are desperately trying to increase value without it but the weak diamond prices are not helping at all. Weak prices also make a placing, even after consolidation, very difficult. We need to see a stronger diamond market.

[bsg] 11/8/2015 15:25

If the Ords are 1p then no they can't issue any more. Cue the capital reorganisation, then a placing ...

[jimcar] 11/8/2015 15:15

On a technical point can they issue shares at .5p each as this is below the par value of the ordinary shares which is 1p?

Have they mentioned anything about diamond sales as the last were in May?

[targatarga] 11/8/2015 10:37

bsg - you got it!

[bsg] 11/8/2015 10:23

I wonder what this drop is about, placing at 0.5p maybe? That will rinse many out.

[targatarga] 17/7/2015 19:35

rinse and repeat!

[bsg] 17/7/2015 11:52

The worry is for me, if here's another placing at this level. It wipes you out.

[balbains324] 14/7/2015 14:26

No shares traded in this one for a couple of days. I'm still wondering why they have not updated the market yet either.

[targatarga] 24/6/2015 12:23

Balbains - yes their paycheck and bonus....

[balbains324] 22/6/2015 08:55

Looks like this only moves on news...Let's hope the BOD have some good stuff in the pipeline.

[balbains324] 09/6/2015 16:37

A few buys going through today but not enough to rock the boat. Let's wait and see what happens over the next few months. Should be up and up here but looks like we are lacking investor confidence.

[balbains324] 28/5/2015 09:05

STELLAR has a market cap of just over 8 million and sold over 900k worth of diamonds in 2015 so far. It will only take a few more good results from the trial to convince them to go commercial and then this company becomes a small contender. There are other factors that can also help or hinder the progress such as obtaining licences which are currently underway etc.

[bsg] 28/5/2015 08:54

Not good enough it seems.

[balbains324] 28/5/2015 08:38

Good result....Let's wait and see what happens

[taxislags] 27/5/2015 08:23

The last auction contained diamonds from other projects hence why some were withdrawn and the average price was low. This auction should be a lot different as it mainly contains diamonds from Baoule.