Gemfields expects profits to fall by a fifth, reports drop in revenue at Montepuez ruby mine in Mozambique 2:53 CAT | 18 Sep 20190 Comments Print Share Unnamed-2019-09-18T145115.960 Artisanal miners hunt for rubies as they sift through gravel next to a small dam near Gemfields’s ruby mine near Montepuez in Mozambique. [Picture: Getty Images / Mathew Hill] / Precious-stone producer Gemfields said on Wednesday it expects its interim profit for the year to end-June to fall 22%, reporting a drop in revenue at its Montepuez ruby mine (MRM) in Mozambique. Headline earnings per share is expected to fall 8% to 0.11c in rand terms, but remain unchanged at USD1c for the period, the company said. Gemfield’s two key operating assets are MRM and the Kagen emerald mine in Zambia, in which it holds 75% of each. MRM’s revenue was expected to fall 30.3% to $50m, while revenue at Kagen was expected to rise 58% to $33.2m. In January, British law firm Leigh Day said it had reached an $8.3m settlement with Gemfields over alleged human rights abuses at MRM. Gemfields denied liability but acknowledged violence had occurred at the mine, Leigh Day said, adding the company had taken the grievances of workers seriously. Revenue at its jewellery business, Fabergé, was expected to fall 45.7% to $3.8m, Gemfields said on Wednesday. The company’s share price had closed at R1.57 on Tuesday, having lost 12.78% so far in 2019. Source: Business Live
Just had a look on trading view 157 zac today .. 220 zac The recent high 4th Oct 2018. The low 29 June 2019 138 zac
Noticed this when i traced back what i was doing on 2nd August 2016 .. KRS buy ( T ) ... looks like this was a total loss ?
SIBANYE GOLD .. 2140 zar recent high 12th August, and the pound is weak . 2094 zar today . only consolation Tom put proceeds into SAVP which has done better since . (( D )..mass sale 1619 zar )).
This board only goes back to 24 Nov 2014 .. so not sure what i was thinking at time of purchase , looks like there was offer speculation from sou in 2014 .
liquidators paid out £ 138.55 for 4022 shares. paid £2000 for them 9th October 2012 ( W ) they went into liquidation April 2017 .
PERSEUS... G.T.C .. Limit on all this month lifted last night @ 69c ( 0.69 ) looks like high was 73c broker cancord put target out over 100.
This dropped back to 0.53c by 1st July but has now climbed back to 0.625 c ( a V )
Pleasantly surprised to find chat page On ADVFN .. recent posts post and so many ... same log in as this one .
I now have slightly more then before i sold half of holding and purchased all the warrants. No idea if i am anywhere near what i paid for Amara.