hubenstein
16 Jul 2018
lse:FDI Main Discussion Are we beginning to creep up?
HPC_Follower
06 Jul 2018
lse:FDI Main Discussion Interesting that Sustainable Capital Ltd. have recently increased their FDI share holdings by 34%, to 59,128,295 shares, 11.47% - up from 8.17%. No clues on who is selling down though… but there were 28% of the shares outside of Major Shareholder hands. Whether this is a good move is uncertain yet, waiting on next Operations Report for April/May/June quarter.
pibian
05 Jul 2018
lse:FDI Main Discussion Pibian88. Thank you HPC- Follower for your insights to what is happening.
HPC_Follower
05 Jul 2018
lse:FDI Main Discussion Should get the next quarterly Operations update between 16th & 27th July… which must be better but there have been no recent reports of large diamond finds. Director changes reported today, strengthening the financial support & reducing efforts on searching out new diamond mine opportunities. These changes are sensible in my mind. I’m preparing a spreadsheet with graphs on progress, with values per quarter, against the various recovery & cost/price targets set - waiting on the next set of numbers to be more meaningful.
clemenceo
04 Jul 2018
lse:FDI Main Discussion Cheers HPC Look forward to next update . Clem
HPC_Follower
01 Jul 2018
lse:FDI Main Discussion I have held FDI for even longer than you, originally through European Diamonds (EPD) & later KDD; with a lot of Open Offer buys, some sells and many additional buys in an attempt to average my FDI share price down; recently to just under 30p a share. This could make any FDI share buys at 5p very lucrative, but the risks remain high because FDI are yet to find any serious quantities of very large (>100 carat) gem stones of good quality - as they have done in the Liqhobong Main Pipe in the past. This means carat recoveries are significantly lower than hoped at present; with revenues down over the last 9 months through diamond price weakness as well. Debt was pushed back and more cash was added through the 10p placement and Open Offer last December, to buy time until the better regions of un-weathered could be mined. Q1 in 2018 was impacted by very wet weather, good for the water supplies but bad for ore extraction where flooded. Q2 should be much better in terms of carats recovered and revenues… but we won’t know for a couple more weeks. Good results could see the SP rise back to 10p progressively, but quite a few large, high quality stones need to be recovered every year (if not quarter) for FDI to achieve its original expectations worth at least 40p a share in the short term, much more longer term. The decision to mine to a lower depth, to reduce costs, can easily be reversed if diamond recoveries and revenues do improve back to original expectations. None of the major shareholders have reduced their holdings. Some significant holders have taken the low price opportunity to ‘Bed & SIPP’ or ‘Bed & ISA’ FDI stock to reduce tax expectations - which still shows some confidence. The 24x7 operation is generally working well… another year and we will know a lot more… In answer to your questions, a) end Q1 guidance was carat recovery in 2018 near to 800,000 - so lower than their 1,000,000 per annum target, but within the 800,000 to 850,000 forecast for the year whilst they are still clearing a lot of waste and weathered top layers of kimberlite. b) YES they should have enough cash, and c) NO, I don’t see any chance of a take-over until the mine is clearly going to be very profitable - and debts are cleared (or will easily be cleared given revenue forecasts over a few years. p.s. Are any of the other FDI holders still reading this discussion board? That includes:- gliderpilot2, chiromawa54, dragonslayer, baddogrex, helium1, coolkarl, rob1stuart. Views welcomed from you all…
clemenceo
30 Jun 2018
lse:FDI Main Discussion Hi HPC I have held FDI for over 8 years now and cant believe the current market cap 28mil with a new mine up and running. They always aimed to mine 1mil carats a year so it will be interesting to see what the short fall is. Do you think they have enough cash to keep going now and whats the chance of being taken over. C<I<A. Clem
HPC_Follower
25 Jun 2018
lse:FDI Main Discussion Another large pair of FDI stock trades today, 2 x 500,000@ 5p, which looks likely to be another Bed & ISA or Bed & SIPP transaction. Significant holders are not actually selling down their FDI stock - believing, as I do, that FDI will have a good future - eventually.
HPC_Follower
22 Jun 2018
lse:FDI Main Discussion Last top up for me now, c.36,000 more at 5.1p. This finally brings my average price down below the original Major Shareholder investment at 30p (equivalent post consolidation)accepting they have averaged down a bit through last December’s 10p Placement & Open Offer. FDI production facilities continue to be fully operational, 24x7, and diamond yields are improving. The next quarter results will tell us more. None of largest shareholders are selling, even the ex-CEO. Diamond value in situ is unchanged. No one seems worried about the share price being low at present, it’s just an opportunity for BED & ISA or BED & SIPP for larger shareholding’s. Before end 2018, we will know a lot more about how profitable the company should be; but if some very large, valuable gem stones are found soon - over due in probability, the financial position will change rapidly. I’ve made my final investment here now and pray for a successful outcome. FDI’s staff have done a really good job over the last three years, supported by the local community in Lesotho, and deserve some success themselves.
HPC_Follower
19 Jun 2018
lse:FDI Main Discussion Given that FDI are now in amongst the better kimberlite zones, down a bit from the weathered top of the Main Pipe, I would hope, with strengthening diamond prices, that FDI’s recoveries and revenue will be greatly improved in 2nd Qtr 2018 and rest of the year. Coloured gem stones are found frequently, but we are all still waiting for a few much larger, good quality Type II high value stones - as previously found in broken bits after crushing (old crushers, before new ones installed with larger gaps). Most of the larger FDI stock trades in recent weeks have been in pairs, e.g. 200,000 (several) @5.4p on 18/6; 500,000 @5.5p on 18/6; 228,900 @6.0p on 8/6, which look more likely to be Bed & ISA or Bed & SIPP transactions. There is no sign of directors or major shareholders selling out… and they probably don’t care about any short term share price slippage - being in for the promise of a much greater return through dividends and share price improvements once debts are cleared and the market more fully recovers with shortages of diamonds expected in 2020 onwards. As a consequence, I decided to add another 63,296 FDI shares @5.37p this morning… time will tell on whether this was sensible or not - but any price below 6p is much better than the 10p Open Offer last December’17.
boz
19 Jun 2018
lse:FDI Main Discussion fhanks
HPC_Follower
18 Jun 2018
lse:FDI Main Discussion This is my attempt to start a thread of replies for FDI under a single Topic post creation of this “challenging†new II Web Site. It is aimed at those who actually own shares in FDI, or are seriously considering investing in the company, currently struggling in regard to finance and the share price. Until there are better Topics for FDI to reply to, I will only reply here with news, feedback from AGMs, etc.
Adelaide
13 Jun 2018
share price this is a test message, sorry if I have wasted your time
clemenceo
15 May 2018
Brown stepping down Brown purchased shares in the last offer so be interesting to know whats gone on.Year end in 6 weeks be interesting to see what the diamond shortfall of the target 1mil per annum will be.RegardsClem
BADDOGREX3
24 Apr 2018
This is rather worrying Larger diamonds have been of dubious quality.. If they were special then we would have seen some publicity photos of them.The ABSA debt facility is murderous and is just a monstrous mill stone around our necks.We need some very special stones and we need them now so we can repay this nightmare and stop the dilution.So far a typical AIM catastrophe.Regards to all fellow sufferersVery disappointed of Bournemouth
