Stellar Diamonds Share Discussion Threads

[amrishbhim] 09/6/2017 07:38

This will move north, no question about it. DB holding and recent directors purchase with the 2 millions dollar assets released and projections of 45 millions, this should at least be worth 30p per share short terms

[itsmyshares] 09/6/2017 07:31

Another huge rise expected again today. On the back of more director purchases.
Anyone who took profit yesterday will be regretting it.

[bsg] 08/6/2017 12:53

I doubt that very much. Don't forget the rinse cycle this has just been through.

[oilbuy] 08/6/2017 12:43

This is going to go nuts

[kaos3] 05/6/2017 08:11

yes - at last. this Will buy some equipment - focus on the good and sure

[oilbuy] 05/6/2017 07:59

Super news.

[odvod] 08/5/2017 14:12

there is hope/support

[peterz] 28/4/2017 07:55

RNS - cash at some point!!

[targatarga] 25/4/2017 07:11

I have visions of a pastor in dog collar frantically digging a huge hole.
Wonder if any pi's brought more?

[targatarga] 01/3/2017 08:45

Great announcement but if you think caustically without yesterdays director buying, these would still be below the offer share price. Keep buying boys!

[targatarga] 28/2/2017 12:15

I wonder how the minings going!

[targatarga] 28/2/2017 10:54

All aboard - but remember to jump before they fall off the cliff! imho

[shareassessor] 28/2/2017 10:20

Summary of research notes…

STEL – West African focussed diamond exploration and junior mining company. Offices in London. Experienced board.

Sector – Tough. Exploration and junior mining companies currently unloved by markets, but good prospects for sector turnaround in next few years.

Diamond market – Prices fluctuating last few years, but demand widely projected to outstrip production in next couple of years, which should see steady increase in prices.

Current market cap – Ridiculously low at under £2 million. Huge scope for increase.

Funding – Tight. Delays in recent deals have eaten into working capital. Required recent share issue.

Projects – Huge scale compared to market cap. $4.5 billion potential revenue in flagship SL project. Could see production within 12 months. 3 million carat diamond resource in Guinea. Already mined over 11,000 carats there. Currently on the cusp of recommencing mining through joint venture project. Further projects on books in Guinea. Highly prospective exploration license in Liberia, also currently awaiting JV operations to start.

Board on board? – Yes. Regularly bought shares in past, and even transferred to ISA and SIPP accounts. Also have regularly taken shares for wages in past. Shows good commitment to company and for minimising dilution.

Transformational news on horizon? – Yes. Could be an exciting few months; JV announcement and confirmation of work commencing, license for flagship SL project, finalising deal to concurrently mine neighbouring project. Any of these could ignite the share price.

Conclusion – Not without it’s risks, but good prospects for turnaround and huge multi-bagger potential, especially from these levels.

Overall verdict – Strong buy.

[grahamburn] 27/2/2017 11:50

Paid?

Hardly as the "remuneration" isn't in money.

It is in shares and, presumably, they still have to pay tax etc on the "notional remuneration figure..... which shows commitment.

IMHO.

However, the question now is whether committing further funds in the Open Offer is worth it for individual shareholders.

[targatarga] 27/2/2017 11:02

Can't beat a little dilution on a Monday morning, I am a long term holder but feel the company should be put out of it's misery!

[czar] 25/2/2017 09:18

£2m market cap is just option money, worth a punt imho.

[targatarga] 23/2/2017 12:09

looking at the diamonds sold so far - who would want it!

[frogkid] 23/2/2017 11:07

but then you are in a battle with anyone else that wants it

[targatarga] 23/2/2017 09:18

If I wanted to buy stellar outright I'd buy it off the administrato9rs in 18 months time for peanuts!

[kaos3] 23/2/2017 09:11

no more aim game for long. it is about getting 3omill or turn the lights out in this form. then someone else Will do it

[bsg] 23/2/2017 08:53

cpap, trouble is AIM does give too many chances, there's always another group of mug punters around the corner and the BOD's recognise this. Rinse and repeat.

[kaos3] 23/2/2017 08:16

No. not terminal imho. they negotiated a deal with a partner. partner had to be assured in some way. peter... is putting in pure cash as equity which can be lost not a loan.

buying time to get financing done. at least part of 32 millions.

and then it is terminal or off to the race.

all imvho

[cpap man] 23/2/2017 08:14

Was offered the placing from various places but declined due to the history

STEL should understand that even the AIM can NOT keep giving 2nd, 3rd, 4th, 5th....etc....chances!