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Looking at PET it just shows what a quality diamond is found in our mine.
Quality will out.
Alan
The only thing in BRD favour is that they have no debt. Apart from director loans that is. Not sure time is right for them to go for volume unless as this piece states they continue to find large diamonds preferably a couple every month.
https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/901624
Appreciated unKwn of course - complex game where one is always learning - but also thanks Graham-W, that's more like it with pointers to sources (but not the insult, passionate shareholders will inevitably emphasise the positive, it has always been so). Please keep us up to speed with the regional competition if you wish and have the time. I can probably find the link if you wish as I read it a few weeks ago when released, indeed I was a De Beers shareholder with certificates decades ago before formal AAL.L takeover, and lived in ZA for six months even earlier, and have briefly seen Kimberley.
Many here will also be aware that releases of Petra Diamonds PDL.L around the same time - link at the end - are also cautionary on the wider market, hence - at the risk of boredom - my earlier commentary on 31 July "....as they [currency rates] inter-relate also to the strength of diamond demand around the world, where the quality of BRD's best output has shielded it from the market pressures seen at two their mass-production competitors, judging from the presentation. (Put simply, rich people are still willing to pay for quality)"
https://www.petradiamonds.com/wp-content/uploads/19-07-22-RIS-FY-2019-Trading-Update-and-FY-2020-Guidance-FINAL-4.pdf
https://www.petradiamonds.com/investors/results-reports/
Always a pleasure to read posts from you Alan.
Alan
If you want some analysis of how diamonds are doing at the moment then you should read the last two diamond sales by Anglo American I.e de beers who are the largest diamond producer.
Why do posters feel that just because they are invested in a share that they are the only ones allowed to post on it. Boards are for comments from shareholder and non shareholders.
Words like missed the train and this will explode are from numpties who think they can influence the share price from what they post.
Thanks zapsnap, I respect a contrary view when explained with the personal reasons or links/evidence and not just wild repeat negative assertions occasionally reappearing, it also helps explain opportunities that I can't otherwise explain. Wild positive assertions by contrast are people's hopes & aspirations and part of a bulletin board to be taken with the proverbial pinch of salt! Like others in the thread, I cannot understand time devotion by anyone sold out ages ago and moved on, life's too short - even when I sell a share I want the buyer to be successful, a good motto is always give your buyer a few pence as well, it's not a zero sum game like most CFDs & currency trading.
However I can also understand and empathise with the disillusionment of loyal holders who see their hard-earned savings from salary and gains whittled away on paper for ages - action has been taken here IMO but it will still take time to prove which is essentially the consensus opinion on the thread. At a macro level the serious money probably won't start until the confidence via 1 year and 3 month graphs changing definitively, and that can only be results-based, probably not RNS-based unless exceptional again.
For transparency since I like facts, this my largest and most confident AIM holding but AIM only occupies 6-7% of a theoretically safer portfolio, I'm a medium to medium-large holder with 0.32% of the company and plenty of experience of past wider misery and joy. My main BRD investment is the middle of the current market-maker's spread and the top-up which I documented here is just above and may be added-to from ISA dividends if the current price lasts into September. So fortunately I'm without the baggage of the worst experiences of members here, so hope to share in some paper gains to balance the wider pluses and minuses that I write about, visible via my name. Genuinely good luck and peace all.
Js crapper
I’m not bitter at all just when I see posters like you continuously posting ramping rubbish just to suck in new investors it does bug me. At the end of the day costs will currently be outstripping revenue and the will need more than a £50k diamond every couple of months to cover them let alone make a profit.
I am with you on that js, these boards are plagued with it, I have no time or patience for them.
Stulaw. I hope you are right. The current share price feels like a no brainer. But given the position i am in, its hard to get excited. Like many posters have said, its all about the results now.
Time to end the pussy footing around these moaners and call them out for what they are.
Well you said what I was going to say regards a certain issue.
Gosh GW you would think your bitterness means you have a lot of skin in the game. Oh I forgot you are just a bitter non holder who could not play the game.
Time for the bin again for you.
Onwards for BRD new management minuscule M/Cap and loads of potential. If you hold sit back and watch the next couple of quarters transform your investment. Just 3.2 M shares so when it moves up you will no be able to catch the train.
It's time now to wait and let the results speak for themselves.
End of.
They are trying a different approach to mining the diamonds which will cost a lot more money so if they do not recover sufficient diamonds to cover the extra costs then there will be another placing.
Zapsnap, I’d agree with you up to a point, but we do seem to have been swept through with a new broom over the last year, and historical problems are being resolved. I can certainly feel for those who’d had their fingers burnt though. Being an AIM investor, I’ve been there several times with “lifestyle” companies.
I genuinely can’t see a reason for another cash call. If the company can’t self sustain at this point in production, then I don’t think it ever will. I suppose we’re reaching the point of critical mass now, where the company will probably stand or fall on its next few tranches of news.
Good luck, I hope you see a positive change in your average.
Stulaw
The price is where it is because of the constant dilution at give away prices. The last one was a kick in the balls. This share is jam tomorrow. I owned almost 1% of this company before the dilution. The trust has been lost, that is the problem
The best is yet to come, the company is performing fantastically, we are being for now completely underated, the market will wake up soon enough.
I think as frustrating and as sad as it maybe, the market is waiting for the factual proven results and once they come I think this will literally explode and rally.
Have to say, I find the market cap inexplicable. Everything seems to be coming together over the last 12 months, and IMO the BoD haven’t put a foot wrong over that period. Quality and quantity seems to be improving in every aspect, every quarter, and I can see a real positivity in every RNS.
Of all the small stakes I have in small cap companies, I’ve got to say, BRD seems to be the standout on paper, but simply isn’t increasing in perceived value. I like the direction they are going in, they seem to have good governance, the news flow is positive and there seems to be a good headwind towards profit. Even given the vagaries of AIM, and the shenanigans of MM’s, the MCap seems stubbornly stagnant, and I can’t really see a reason for it. Every indication is that BRD are going forward, great guns, and with small cap companies, once you get through the smoke and mirrors, that’s far rarer than many realise.
I’d be interested in other opinions, as I’m genuinely bemused by our current price.