yep, gemd's mine produce the worlds finest and largest gems, plus they pay 25% of their free cash flow as a dividend... but doesn't seem to stop the SP getting beaten down
I actually think OEX is oversold and money to be made.... just not sure if i trust the BOD enough to put money where my mouth is!
then the riskier low quality plays are hammered even more!
GEMD hammered on weak diamond market, despite prices holding well for the large high quality gemstones they specialise in. - (LSE: GEMD) is pleased to announce the sale of an exceptional 357carat white diamond (recovered at the Letšeng mine in July 2015) which achieved US$ 19.3 million on tender in Antwerp last week.
EDG down to 2p even thought they are conventional, onshore, low cost. Cashflow positive at $30 barrel.
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For the DTM chaps.
DTM Early Birds is a discussion created by BuyBAO on 30 Jun 2014.
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