thats what i was thinking too!
might have furhter to run, but 20+% in a couple of hours is enough for me on a punt in company i know little about!
just sold mine before i saw your message... 14.58p 4400 shares
GEMD also recently featured in an investors chronicle stock screen of 30 Greenblatt magic formula shares. XLM was also pulled by the screen.
tipped today by shares magazine... shares mag tip Shares mag say to buy before results on 17th march. BELOW Shares in diamond miners have been volatile this year as many producers resort to selling goods at a discount to shift material. Retailers have been left with higherthan-expected inventory levels of diamonds as their own demand has been patchy, as reflected by poor Christmas holiday sales from jewellery giant Tiffany’s (TIF:NYSE), published on 12 January. While this negativity has cast a shadow on diamond miners, it does present a great buying opportunity and Gem Diamonds (GEMD) has to be top of the list. The long-term story for diamonds remains the same, regardless of the present market weakness. There’s been very few new discoveries of large deposits for many years, so supplies are likely to lag demand in the future. Gem Diamonds insists it hasn’t had to cut prices to shift its goods in recent months and says demand for its highquality stones remains strong. A trading update from Petra Diamonds (PDL) on 26 January flagged a ‘softer than usual’ market for rough diamonds, sending both its share price and peer group into freefall. But Petra’s share price has since recovered all the lost territory after reporting an improvement in selling prices in February. Interestingly, Gem Diamonds hasn’t staged a similar recovery, implying now is a great time to snap up the stock before the market cottons on. Get in before 17 March which is when Gem Diamonds reports full-year results and updates investors on sales activity so far in 2015; there’s expectations of a maiden dividend too.
GEMD also worth a look. Its a share i've traded in and out for a few years. Strong balance sheet, maiden dividend expected, trading near lows and results out 17th March.
my quotes didn't relate with what was being shown on google etc... and the trade went through on ICAP so doesn't show up on main market data. I suspect the data is missing quite a lot of trade volume.