Gem Diamonds Live Discussion

Ripley94 15 Feb 2020

Seven 'magnificent' stocks for your portfolio GEMD… XXXXXX Recovered since @ 89p whole sector seems to be recovering . Gemfeilds came back @ 11p = 22p old money ( holding almost doubled at takeover ) Lots of fuss about low buy out price 3 years ago . … Gem Diamonds Revenue Rises As Diamond Prices Improve from Alliance News | 13th February 2020 10:32 (Alliance News) - Gem Diamonds Ltd said Thursday its revenue increased in the fourth quarter of 2019, as larger high-quality diamonds prices started to improve. In the trading update for the fourth quarter ending December 31, the miner said its revenue rose 41% to USD51.3 million from USD36.3 million in the third quarter. The company said it sold 29,945 carats during the period, a 17% increase from 25,631 carats sold in the third quarter. It also sold seven diamonds for more than USD1.0 million each, generating revenue of USD15.6 million during the period. “Following pressure on the prices for the larger high-quality diamonds seen during 2019, signs of improvement were noted in December 2019 and this has continued into 2020,” the company noted. The company also said the mining lease for Letseng mine in Lesotho was renewed for a further 10 years, effective from October 3, with an exclusive right granted to renew for a further period of 10 years thereafter. Clifford Elphick, chief executive officer, said: “Carats sold are up 17% on the prior quarter. There was an increase in volumes treated for the year and a significant reduction in the waste profile.” “This, together with the Business Transformation programme delivering its targeted gains and continued emphasis on cost controls, positions the company well for the anticipated upturn in the market which appears to have begun,” Elphick said. Gem Diamonds shares were trading 4.9% higher in London at 68.80 pence each on Thursday. By Loreta Juodagalvyte; [email protected] Copyright 2020 Alliance News Limited. All Rights Reserved. sales & productioncompany outlookcompaniesFTSE Mainpositive

Ripley94 17 Jan 2020

Seven 'magnificent' stocks for your portfolio GEM …(Gemfeids ) XXXX This one now has dropped to 59p . Sector seems to have done badly. Good news today about Gemfeids returning to AIM 14 Feb 2019. … Gemfields To Float On London’s AIM Market On Valentines Day Fri, 17th Jan 2020 088Alliance News (Alliance News) - Gemfields Group Ltd on Friday said in intends to seek admission of its shares on London’s junior AIM market. The Johannesburg-listed gemstones supplier said it is not seeking to raise capital as part of admission, which is expected to become effective on February 14. Gemfields said the AIM listing will allow it to access to greater liquidity and international investors. “We are looking forward to this next phase in the company’s development and to delivering value for all our shareholders,” said Chief Executive Sean Gilbertson. Gemfields left AIM in July 2017 after takeover by Pallinghurst Resources Ltd. However, in March 2019, the company decided to return to AIM amid “lack of broker research and share trading liquidity, as well as feedback from shareholders”. In November, Gemfields replaced its chair as the process to gain AIM stock market listing highlighted that the father and son relationship between Chair Brian Gilbertson and Chief Executive Officer Sean Gilbertson would potentially pose an impediment to corporate governance. As a result, Brian Gilbertson stepped down as a director of Gemfields after 12 years on the board. He was replaced by Martin Tolcher. Gemfields shares were untraded in Johannesburg on Friday morning, last closing at ZAR1.87 each. By Evelina Grecenko; [email protected] Copyright 2020 Alliance News Limited. All Rights Reserved.

Ripley94 25 Aug 2018

Seven 'magnificent' stocks for your portfolio GEM … XXXX A good pick one year on 124p end of June 2018 fallen back from that since . sector fallen much more. Mention yesterday on S. P .

HPC Follower 10 Oct 2017

SDIX This new SDIX exchange for diamonds may increase demand relative to gold... [link] If diamond prices increase as a consequence, this can only help GEMD and other suppliers.

Ripley94 10 Aug 2017

Re: Seven 'magnificent' stocks for your ... And again with funds from sunrise sale ( W I ) Bought for 79.2375p when 79.25 limit lifted. ( had to ring place on phone )

HPC Follower 04 May 2017

Good news today Another very good, high quality and large diamond find... should help the quarterly figures.

Ripley94 24 Apr 2017

Re: Seven 'magnificent' stocks for your ... Topped up @ 86p

Ripley94 14 Apr 2017

Re: Seven 'magnificent' stocks for your ... Sliced that last Top up Monday 10th @ 102pCSS sent mail this morning saying its a buy with details.

Topalov 04 Apr 2017

Re: Seven 'magnificent' stocks for your ... Thanks for the info - really useful.

Ripley94 04 Apr 2017

Re: Seven 'magnificent' stocks for your ... And again 93p @ 8.10am set limit went through live at 0.75 lower.

Ripley94 23 Mar 2017

Re: Seven 'magnificent' stocks for your ... Topped up @ 104p..@ 9 am .. to soon once again 101p... @ 11am.

Topalov 06 Feb 2017

Re: Seven 'magnificent' stocks for your ... I sold out this morning - I am surprised it hasn't fallen further given the comment that the future of the operations remain under review.

LoadsaDosh2 06 Feb 2017

Re: Seven 'magnificent' stocks for your port... "....and that it offers the potential to deliver a positive surprise" Well it sure did but it wasn't positive! Re, Ghaghoo "Largely due to the weak prices achieved, the future of the operation remains under review, as previously announced. "

Ripley94 07 Jan 2017

Re: Seven 'magnificent' stocks for your port... 12 April 2016.Interesting artificial Judah .... Who is Lee Wild ?Happy New Year

JudahBenHur 06 Jan 2017

Seven 'magnificent' stocks for your portfolio ANRSignificant" target="blank" rel="nofollow">[link] rerating opportunityThere's a significant rerating opportunity at Gem Diamonds (GEM), too, making an interesting contrarian trade, says Panmure's Kieron Hodgson.A trading update toward the end of January should confirm Gem hit full-year production targets, and that it offers the potential to deliver a positive surprise in average values from its Letšeng diamond mine in Lesotho during 2017. The shares could be worth 162p, nearly 50% more than today's prices.