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Will Mike Houston release the average sales figure per carat sold on this February like he did in January? It would be great if there are some stones above $50k and the price holds around $550 per carat for the February tender too.
Finding of large stone like August 58.6 carats esp. in this buoyant period would be very welcoming news.
BRD in the mission to achieve $16m to $17m target. Yes, we can do it?
I'm hoping to make a takeover bid but it does depend on me getting a good price for my old Atari console and my womble's radio.
I agree with the recent posts on here and Henrick on twitter. I may have jobs for you.
Looks like the price per carat at BRD is likely to be sustained over $500 for some time to come. With the increased production we should be seeing revenue upwards of $1.5m per month this quarter
Looks like the diamond market is catching a bid
High inflation and lots of liquidity bodes well
Could well lead to a good year for BRD
https://www.miningweekly.com/article/theres-a-buying-frenzy-in-cheap-and-tiny-diamonds-2022-01-23
Quite simply - this is very cheap. Just read the last few reports .. look at the m/c. Value will prevail
The numbers don't lie....we're looking at a P/E ratio of 0.5x or less for this year onwards. Once these numbers start getting confirmed there's no way the SP can stay as low as it is. Hopefully an announcement on shareholder returns should be forthcoming this year. Capital expenditure has already been taken care of so at the current rate of income it should be fairly easy for BRD to start paying out their market cap each year in dividends and still bank half the profits.
Added today. Looks a bargain unless they are going for another placement or are going to take it private. The tweets are very bullish.
Added today. Looks a bargain unless they are going for another placement or are going to take it private. The tweets are very bullish.
Absolutely Bmeister and when you think that's from a number of stones all sub 10 carat, $565 is pretty great.
Although last year was tough and the delays in completing the production expansion killed sentiment, with output set to increase and diamonds fetching the prices they currently do, its hard to see how value wouldn't be recognised over the year.
Outlook seems to be continual record production in terms of ore mined and carats produced, hopefully along with some big stones every so often.. £5m Mcap is looking cheap
BRD to achieve January month revenue around $1.24m from the sale of 2200 carats at $565 per carat is outstandingly impressive because for the 2021 Q1 sales was just around $1.78m.
If the private sell was not made on last December, BRD could have made another $260k more on top of that $545k when selling at $565 per carat. If they were really desperate for cash, they could have instead left those diamonds to Delgatto at 15% per annum interest and returned that money with one month interest to pay after receiving money from the sale. Thank you to our chairman Mike Houston and finance director David Facey for the loss of opportunity income of around $260k.
Even if the export license would have been granted to BRD to sell at Antwerp, Antwerp demands at least minimum of 5000 carats per parcel to sell at their platform. That is what it was written in one of the previous rns I guess. So it is of no use for BRD when they are hand to mouth situation.
Another great RNS and I think the $565 value by carat shows how strong the diamond market is right now (even with restricted travel) and the quality of our diamonds. The guidance for 2022 is a doubling of revenue and that’s based on achieving only $400 per carat so if those prices continue then could be looking $25m plus revenue for a company still only valued at £5m
BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and operates the Kareevlei Diamond Mine ('Kareevlei') in the Kimberley region of South Africa, announces that it sold a 6.8 carat stone for USD63,186 in the January 2022 sale.
Mike Houston, Executive Chairman said, "We recently announced we had two potentially high value stones to sell in the January tender and although one fell under our $50k disclosure threshold, we are delighted to have sold a 6.8 carat stone for USD63,186. What was particularly encouraging was the average price of USD565 per carat achieved for the total January tender (2021 average: $465ct) - a reflection of the continued overall quality of Kareevlei diamonds and the strong market demand seen so far in 2022
Hi mil09,
I echo your post 100%. The present setup is too incestuous what with Houston having a 10% share in one of Teichmann’s subsidiaries. We have yet to be told the reason for the DMRE stopping all production at the mine in November. My feeling is that Gus has been made a scapegoat for whatever occurred but we, the shareholders will never know. I would have thought by now that we would have been granted an Export Licence which would allow us to sell our rough diamonds on a weekly basis in `Antwerp.
is tomorrow. BRD could be earning near $1m on this first month with 2200 carats on hand to sell.
However, because of omicron if there will be less participation of buyers impacting the selling price, then it will be similar to the last December sales where selling privately result in losing around $50k that could be a salary for quite a few number of people working there.
When conducting last December sales, Facey should have interrupted the private sell and should have advised to go with Delgatto Finance if the diamond market will continue being buoyant like what Mike Houston has been putting remarks on the report.
Finance Director David Facey should be ashamed of his position doing no credible input to improve the finance of the company as he is just the puppet of Mike Houston who has a monopolistic role in BRD. It should be Facey stepping down, not Gus. I believe Gus may have realise that he is just the CEO by position of Karveeli with no power to make decision. No, wonder anybody will give resignation in that scenario. But, my GOD. David Facey, very impressive.
It's just nice to have a bit of unadulterated good news for a change.
It's about time RollsRoyce! ATB
Oh lovely jubilee. Hope every one is enjoying the rise .Very welcome ??
Whilst there is quite a bit of debt to pay off, the predicted revenue range is US$ 16 - 17.2 million whilst the current market cap is around £4.5 million. Let's hope the SP rises significantly on value realisation?
BlueRock Executive Chairman, Mike Houston, said, "While we faced many challenges during 2021, we have seen production levels and the grade increase significantly and with that a 41% increase in our carats sold. The market has remained buoyant throughout the year with prices returning to levels above those of 2019 resulting in revenue more than doubling in 2021 compared with 2020.
Totally agree. Looking great for 2022
Fantastic Q4 (despite the plant being closed for most of Dec) and revenue more than doubled. What I was surpsied about the most is the grade being above 5 cpht for the first time and that sounds like our outlook for 2022 very conservative with a grade of 4-4.3 cpht. It's been a long time coming and lots of disappointments but with expansion now complete and diamond market remaining buoyant, 2022 is looking to be an exciting year and expect the share price to be above £1 once the market notices it. Frustrating they release the results at 11am but gives a buying opportunity before others notice
I noticed that there was no reason given for the closure of the mine by the DMRE on the 19th November. Surely the shareholders should be told the reason for the closure. I wonder if there is any connection between today’s announcement about staff departure and the mine closing.
Just noticed that they have not even updated the site from 2021 to 2022. Worse than useless!!
Just watch to see how long it takes for this underwhelming RNS to be posted on Bluerock’s own website.
Should have made more of this in RNS heading. Still possibly a good time to buy in. All depends on cash position.