Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Either way, I'm expecting price per carat here to be pretty close, if not over 700/c from here on in
Would also be useful to see some production increase and a decent size stone or two in the pipe line?
The Guardian has an interesting article today analyzing the effectiveness of the US ban on Russian diamonds.
Pointless in its current form is their conclusion. Rough diamonds are the bulk of what the Russian state controlled mining company export to India. They cut and polish the stones with a familiar list of High Street names the purchasers of the now "Indian" stones to use in their jewelry.
The ethical trade body who represent the diamond industry are nervous that, if no-one speaks up or proactively acts to block Russian diamonds, the consumers will take action themselves and effectively boycott the entire diamond industry. They obviously speak from the relatively recent knowledge of how African "blood diamonds" were viewed by Joe Public and the impact it had on overall sales.
Its all in the open pal. It was only a matter of time before everyone realised how cheap this was. Expecting to generate revenues of about $16M and profit of about $8M this year and Mcap of £6M. Doesn't need a rocket scientist to work out how cheap this is. The above figures will be beaten as they do NOT include any large diamond finds and diamond prices are rocketing due to sanctions on Russia.
That's two days in a row we've seen big rises. Now 22% up today alone - Someone must have got wind of the latest production/sales figures..
Yesterday the US announced a ban on Russian diamonds( Russia supplies about 25% of world diamonds), which will result in diamond prices rising further. Should be a very profitable year for BRD, with the ramp up in production and diamond prices hitting new highs.
https://www.bbc.co.uk/news/business-60712902
Bluerock Diamond has production guidance of 40,000 to 43,000 carats for year 2022.
On this buoyant diamond market after this lockdown, BRD receiving average $500 per carats sold for whole 2022 would be very welcoming milestone achievements. With the recent tender receiving $565 and $638 for January and February respectively (depends on how many carats was sold, although we know 2200 carats for January), it cannot be overruled that BRD will continue receiving more than $500 per carats in the upcoming tenders.
In addition, there are probability of BRD continuing to receive more high value and possibly bigger diamonds (above 50 carats) in the coming days. I kind of feel that they might have already got some diamonds exceeding or in an around $50,000. It's just that they may be waiting for exceptional diamonds.
At this moment, my views is BRD should get rid of David Facey, our Finance Director. As for him, working for BRD has been a free ride. At-least we can save some money or employed someone who is worth the salary to be paid as Finance Director.
It's been mentioned by a few of the Fintwit crowd ( I only follow a few of them) over the last few days.
The fundamentals, if all goes to plan, make it look incredibly cheap. Execution risk, as ever, tho.
Myles on twitter has started buying today, he has a big following. No doubt a few of his followers has also bought. Explains the rise on news. Need a good update from the company now to keep momentum going.
Any reason for the volume and outperformance today? Just lag effect from last week news catching up perhaps?
Feel sorry for the person who sold 20,000 this morning. Talk about bad timing!
Doesn't make sense selling at these levels, this has a long way to go yet.
Wow!
Nice results, and the diamond prices looking stronger by the month. Also wet season pretty much ending so I'm hoping to start seeing volume increases to follow.. $$$
MORE updates please, BRD !
That's a spectacular result. Probably worth the wait for the news! And the 11.95 carat diamond went for just over US$200k in the end. Surely, the SP should move to reflect this, despite some of the outstanding debt - to which I hope the BoD will put some of the proceeds from this sale to pay down.
BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and operates the Kareevlei Diamond Mine ('Kareevlei') in the Kimberley region of South Africa, is pleased to announce that four gem quality stones were sold in the February tender for a total USD460,000. Notably, the average tender price of the total parcel of USD638 per carat was significantly above the 2021 average of USD465 and follows on the back of the strong January 2022 tender, which had an average price of USD565. Total sale price for the parcel is probably going to be around $1.5M. Not bad for a £6M m/cap. company. ATB
Strange no update. Unusual. Must be some reason. Hopefully not bad as I've been accumulating.
Strange no updat
Well? Did they sell the 11.95 carat diamond or didn't they?
At-least there was no big spread in buying and selling yesterday. BRD is gaining some traction to the market participants and hopefully will be of more interest to buyers from this Friday onward if the selling price of 11.95 carats stone is impressive along with total revenue generation from February tender.
Can BRD unearthed high value big carats and colourful diamonds in that Kareevlei mine? Possible I guess in South Africa but yet to see in Kareevlei mine.
Couple of good buys above £10k yesterday but would be more exciting if it was from our directors and more in the coming days to boost confidence in the market. Let's do it Meiring Burger, Mike Houston and David Facey.
Still massively undervalued here but nice to see things on the rise again. We know there are very few shares in PI hands, people seem to cling on to these - so the price can make a huge move very suddenly.
Roll on results day!
GLA
Expecting Bluerock to sell more than 2200 carats of diamond this Friday than they did last January and could well be generating another above $1m from February tender.
We may find out this Friday as Mike Houston could possibly give us hint on the total carat sold with average price when informing us about the amount received from the sell of 11.95 carat diamond.
Happy to sit tight and see the share price rise to 100p as the revenue for Bluerock materialize.
That should get a nice price in this months auction. All looking good here for a gradual rise in SP. ATB
From Twitter: "In 2021, #diamond production (+53%), grades (+19%) & carats sold (+41%) all increased at our Kareevlei Diamond Mine in Kimberley, South Africa.
FY'21 revenues also rose 124% yoy ????
#BRD are targeting a 70-83% lift in production & 48-59% lift in revenues in FY’22."
Personally I care not whether there are large stones present, if we're making the target forecast regardless. I can't see this SP staying low once we see further proof of the increased output in the coming days.
40000 carats with sales price 450$ and cost 250$. That is 8m$ or 5.9m£ operational profit. In my view those numbers might get out-performed. Cost of repayment CLN 2.5m£, #BRD just need to repay and share price will multi-bag.