Firestone Diamonds Live Discussion

chiromawa54 28 Nov 2018

lse:FDI Main Discussion Good morning HPC, looking forward to your insight on the AGM today .

Gbgold 26 Nov 2018

Hi. Does anyone have any idea what news weds will bring? I can’t help but think of a repeat of 2017 AGM is on the cards with more cash required to continue with the project. Failing that FDI will be close to breaching the loan convenant. I can’t see anyone taking over FDI. More likely to watch it fail then step in! Any thoughts??

chiromawa54 22 Nov 2018

lse:FDI Main Discussion yes in my opinion. Gem diamonds most likely looks like a good fit for them.

davidrpenman 21 Nov 2018

lse:FDI Main Discussion No major holders selling but FDI seems to drop on very low volume with no upward movement on higher volumes than those sold. Seems like its being manipulated down down. Are we in danger of a takeover bid?

HPC_Follower 21 Nov 2018

lse:FDI Main Discussion Very low volumes… no Major Holder is selling their shares. Could sink a bit more, but has stabilised around 4p a share for a few weeks now. May hear more at the AGM, but certainly need more good, large gem stones - especially vivid colours where FDI has an advantage in the market.

davidrpenman 20 Nov 2018

lse:FDI Main Discussion No stopping the fall in SP, looking ominous for holders, big stones needed sooner rather later.

HPC_Follower 18 Nov 2018

lse:FDI Main Discussion Those of you who used my link, don’t forget there are time limits on how long you can collect extra Q’s through inviting others… only get one chance here to top up through your own invitations. Nothing here to lose as I see it, like receiving a free lottery ticket; good potential longer term. See [link] for some extra information.

davidrpenman 07 Nov 2018

lse:FDI Main Discussion Would love to but think I will be working away that week as things stand. Hope they may be able to present a positive outlook going forward - we need some decent stones reporting over the 6 to 12 months

Gbgold 05 Nov 2018

I’m not going the AGM. But it would be good to know why their comms are so poor. If they informed us all more on larger diamonds they might see a positive impact to the share price.

HPC_Follower 05 Nov 2018

lse:FDI Main Discussion Anyone else going to the FDI AGM on 28th Nov?

HPC_Follower 04 Nov 2018

lse:FDI Main Discussion Off-topic, but InitiativeQ ought to be of interest to many of you here who have invested in FDI. InitiativeQ is an attempt by ex-PayPal guys to create a new payment system instead of credit cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using the system once it’s ready they are allocating Qs for free to people that sign up now (the amount drops as more people join - so better to join early). Signing up is free and they only ask for your name, an email address and a password of your choosing. There’s nothing to lose but if this payment system becomes a world leading payment method your Q’s could be worth a lot. If you missed getting bitcoin seven years ago ( as I did) you wouldn’t want to miss this. Once signed up, you will be able to invite others, to gain more Q’s… more than 2 million now assigned, increasing rapidly. Here is my invite link: [link] This link will stop working once I’m out of invites. After you have registered, I will verify you through my InitiativeQ access; to allow you greater access to your own account, invite others yourself to see your record of Q’s assigned. There is also a lot of information on the InitiativeQ web site will help you understand their plans and strategy.

HPC_Follower 02 Nov 2018

lse:FDI Main Discussion Sorry, Not really “happy”… but also note that the cash in hand has to be offset by the loan debt outstanding; the positive overall market value reflecting the risked value of asset/diamond returns/revenue, less operational/overhead costs, plus cash-in-hand, less debt/interest/tax. Picture will be a lot clearer by end 2019… hopefully much better than now.

HPC_Follower 02 Nov 2018

lse:FDI Main Discussion Not at all likely in my view… Gem Diamonds are doing well at present but their remaining mine life is much shorter than FDI’s; and FDI will not wish to dilute its mine value just when they are starting to extract ore from better zones, below the weathered top level. There would be negligible cost savings as most of the equipment is tied to their respective mines & overheads are relatively low. What we really need is for FDI’s diamond recoveries to reach current GEMD levels & gemstone standards - noting that GEMD didn’t do particularly well for their first few years of production. I might ask a more general question about any need for a merger with peers in Lesotho… also, whether there is any advantage to be gained in trying to add Lemphane’s ore into the mix given this is only 5 kms away.

HPC_Follower 02 Nov 2018

lse:FDI Main Discussion No really “happy” but since they will have no incentive to sell their holdings for a few years, possibly post receipt of dividends, all being well, there is no compelling reason to try & push the share price up at present.

chiromawa54 02 Nov 2018

lse:FDI Main Discussion I would be happy to see firestone diamonds go in with gem diamonds I think the two would be a good mix. Find it hard to believe the two management teams have not considered this. Perhaps HPC could ask at AGM. Just my opinion.