Reading the posts on this site I agree that gem is not only undervalued but also underestimated as a company & I believe that this will become apparent very soon. Keep the faith & all will be well sooner than you think
Sityboy,good to see another poster for a change.You maybe have a point but I would imagine doing business in Africa with such valuable goods would not come cheap.[security etc.] I think the problem has been more the recent lack of big diamonds and generally a depressed diamond market, particularly for smaller diamonds.I agree it is undervalued whatever, and hope this year things will change their fortunes.Should be a trading statement soon and results around March.Starting to move up now… Read More
Regarding Gemd,s undervalued share price, It is my understanding that many traders in the city have the opinion that this company is in effect being ( Milked). When I saw how much they paid out for air services it did reinforce my opinion.I believe it has been a grossly undervalued company for a long period, But not for no reason. I would hope to hear of some major shareholder interaction in the near future.The company fundamentals are still good.
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