KALAN
24 Oct 2017
Re: Kalan - my thoughts today I think it's often easier to see a shares path when we don't own it HPC - my view of FDI (when talking to glider pilot) was that it would bounce from 19p to 23p where he could sell and then buy back in at around 17p or the placing price which may be on it's way. So far so good - except I suggested he could put his money into JLP in the meantime after selling at 23p and re-invest more money at 17p as JLP was about to take off. JLP has just delivered an excellent RNS and gone down to sideways. JLP is a share I own - not so good at predicting that. Undeterred I still think JLP will soar on the next RNS which is due soon.Been out of VOG for a while now - the drill campaign didn't impress and the cost is very high - they got the gas though as expected - ijust think we will have some bad financial news before we get good news or possibly at the same time - giving with one hand and taking away with the other.Will check out OBT as it could be my next trading share or small gamble.Wish FDI would get on with it and grasp the financial nettle, the uncertainty isn't helping - a short sharp shock is better than the death slide the sp has been on for ages now.
HPC Follower
24 Oct 2017
Kalan - my thoughts today I doubt there will many FDI shares available to pick up below 19p, but there could be some ahead of any significant diamond finds or the possible revised mining plan whose financial impact is unknown.On the plus side, BOD did just re-find 8 kimberlites, which helps me a bit.OBT is another medium term opportunity, although not like FRR which could leap up over the next few months (or collapse). Missed out on EME I feel now as I took my profit far too early after being burnt by failed well drills in the past - but EME's prospects now look good but with a share price too high to risk buying in again. Still FRR have 100% holdings and EME only a 30% interest in their current gas project.I do wish VOG would successfully complete their current well soon and sign a good deal for the gas delivery; or GKP to become prosperous again; or NANO could get their long awaited orders; or ASA could resolve their problems and return from administration with the new foundry in use - long term investments which are taking far too long to be profitable for me...
HPC Follower
23 Oct 2017
RNS today Quarterly report shows steady progress,close to low end of targets whilst in early months of production in less value areas at the top of the main pipe so far.Any changes now will be cautious and I can't now see the need for any large placement which may dilute holdings.HOLD pending more news I feel.The more valuable areas of the pipe improve with depth and FDI will do noticeably better in the future, especially once debts are paid off and either the US dollar strengthens of diamond prices improve due to the weaker dollar. We are in transition here...
BADDOGREX3
17 Oct 2017
Re: Chunky sales..... Spot on Glider pilot Howevr we did expect that they would do this, as you know its part of the plan B funding program .We have to keep in sight of the fact that 450,000 volume at 20p is not a significant amount of money.
gliderpilot2
16 Oct 2017
Chunky sales..... ....today, News tomorrow?
KALAN
12 Oct 2017
Broker note 'RBC Capital Markets today downgrades its investment rating on Firestone Diamonds PLC (LON:FDI) to sector performer (from outperform) and cut its price target to 19p (from 46p).'Genius - it's 46p we predict 46p.It's dropped and there's probably going to be a placing - 19p. What insight they have - wish I could predict like they do i.e. after the event.
chiromawa54
12 Oct 2017
SDIX good read, If it proves popular with investors it will increase demand for diamonds .I was surprised to see synthetic diamonds have" no resale value". At some point demand for real diamonds will outstrip supply, I will be holding my shares in firestone for the foreseeable future.
HPC Follower
10 Oct 2017
SDIX This new SDIX exchange for diamonds may increase demand relative to gold...[link] diamond prices increase as a consequence, this can only help FDI and other suppliers.
nat-king-coal
10 Oct 2017
Re: Issue of shares It's in the ground gentlemen those big rocks are just waiting to be found that's what thiscompany is all about.
KALAN
10 Oct 2017
Re: Issue of shares Yes all guess work HPC - my instinct was for a rally to 23p which it surpassed by a bit and then a placing around 17p. But as you say we just don't know.
HPC Follower
09 Oct 2017
Re: Issue of shares Your guess on up/down is as good as mine Kalan... it depends on a) the volume and size/quality of diamonds being found now they have reached the K5/K6 zones (which are relatively small in area at the top of the kimberlite), b) how the price of rough diamonds hold up; c) on the financial re-structuring which I am pretty sure will happen sometime in October/November to enable the better optimised mining plan, and d) any need for a placement/open offer and whether this is at a significant discount to the current share price or not.it is interesting that the two Eurobond providers are the two major shareholders, so they may not want to see the share move down much further, if this will weaken the company overall.I will watch carefully and may yet top up one last time if the share price drops below 20p again.
HPC Follower
09 Oct 2017
Re: Issue of shares My figure wasn't an estimate, just an order of magnitude based on earlier RNS. We will get the actual figure in the next few days; and I agree it will be a higher number of shares for both parties.
gliderpilot2
09 Oct 2017
Re: Issue of shares HPC, Am I getting something wrong here?The last time shares were issued in lieu of interest it was a shade under 1.1m shares. With the fall in share price since and the news of further dilution to come I would expect the number this time to be considerably increased.I'd be interested to know where your figure of around 1.04 comes from?
KALAN
09 Oct 2017
Re: Issue of shares HPC I think the share is showing some resilience but could well resume it's downward trend by the end of the week.
HPC Follower
09 Oct 2017
NOMAD changes announced today Macquarie Capital (Europe) Limited is the new Company's Nominated Adviser ("Nomad"
and sole Corporate Broker.I see this as a cost saving measure, so they don't have to pay Mirabaud Securities LLP (Joint Broker) as well as Macquarie; although they may also want to concentrate any broking through just the one agent for ease, maximum control and consistency.
