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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
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