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Ignore the derampers lol
haha
suhail deramping now
The sp has to rise to have day traders! You should know about that
Honestly that it pure shameful usery of Pi's so I am w quindell on that one .. if u believe in a stock promote it, engage w it, research it but then don't double back on it and say your simply the expert chart interpretor. Quinny I wouldn't say it's lies there is lots of evidence t support that which I have gone through myself .. The shares have increased ..I think there is news coming in my opinion . Sentiment is so fickle here it changes with t wind.
He made his money, he now needs it to drop so he can re-enter.
He is the same liar who made up the fura RTO lie, said he would wait till the RTO before selling and made up so much nonsense along the way. Shameless shameless person
Suhail mate why r deramping this ? Is it to fill Ur order u sold out of and want t restock ? Anything can change hopefully we have news coming in end of the week .
Sincere apologies for the fat finger 'pumpky'
Indeed it does Pumkyn.
All sells today,bodes well
Agreed.
What is the Augur de befare? It is a tremendous opportunity if we can get a good RTO. RLD mentioned tremendous uplift
The Augur at Befare says this is a golden opportunity.
Double bottom of 0.10;candlesticks, Benny Hill ,2 Ronnies come to mind!How about £23k in sells £3 k in buys= Sp down?
When did it go up?
News expected 31st.
I would think they want this cleared up quickly
ha ha you should now all about day traders.
Got a feeling this will finish blue today.
i think graham can tell where is the double bottom exactly
Double bottom of. 0.10?
Drop dead date = 31st Jan. News expected.
This has been extended from 31dec so hopefully we should hear .. has anyone heard of a drop dead date being extended again ? It is a final decision date.
In trade and contract law, a drop dead date is a provision added to a legal or trade act, such as a contract or a court order. Such a provision sets a last-delay date past which certain consequences will automatically follow, such as cancelling the contract, taking property or entering a judgment
Fura has given New Energy written notification of the extension of the Drop Dead Date, for closing of the ruby assets sale transaction with Fura Gems under the Amending Agreement from December 31 2019 to January 31 2020.
This allows for the satisfaction of the outstanding conditions model, principally the receipt of a binding tax opinion from the tax authorities in Mozambique and ministerial approval.
The timing of receipt of the tax opinion and ministerial approval are outside the control of New Energy and Fura.
However, both companies and its advisors in Mozambique are actively engaging with the Mozambican authorities on these outstanding approvals.
Yes let's not keep advertising other stocks which I would think is against Lse rules; this is about RLD.
Suhail have you got any further info and insight u have gathered on RLD..they r keeping it all quiet but I do think something is stirring in the background.. fingers crossed !! we have t wait for Mozambique t finalise their tax dues..I think this is what is holding the ruby licenses up.. both Fura n Nxe r waiting on them . I hope Mozambique wants the situation clarified and sorted quickly. Let's hope we have good news soon.
Marbles
RLD don’t have a mine so doesn’t really matter if gems are set for a recovery.
RLD has to rely on a minor company wanting a listing, however they won’t be profitable and will no doubt want to raise money.
They will want to consolidate any shares already listed first though as they certainly won’t want to list at these prices.
U R v invested in this to write me an essay?
Y r u so concerned t go at lengths t defame its potential? Out of the blue u come to analyse it from years ago..but alot has changed ..Today is not t same as years ago .. what is it that you hope t gain here? What is yr ulterior intention? We have a week t go for Further updates w the ruby acquisitions all inextricably linked w new energy assets/Gemfields/FURA ....
I respect what u say but doesn't mean I agree ..I will counter you because t demand 4 coloured gemstones projectory is expected to rise globally.
Patience.
We r waiting for news
GLA
I agree with you that there is potential for coloured gemstones and it has been a fragmented industry. If you could get a player like Gemfields who could consolidate and sell a range of ethically produced coloured gemstones then this could increase potential demand and prices. RLD tried to market the ethical known-source route with little success. Problem is there are many sources of sapphires and much of Australian material is low quality and colour (although to be fair some of the best Oz stones can be great with some historically having been illegally passed of as being from Sri Lanka or Kashmir to unsuspecting buyers.
As an ex- shareholder for much of the RLD Oz venture and having with another shareholder communicated with other Austalian sapphire miners in the past, I probably know a hell of a lot more about the Capricorn deposit and what it has yielded and coloured gemstones than you do. The fact remains, Capricorn is on the whole a poor quality resource that RLD (and Australis before them) were unable to mine economically. In Richland's case that was despite having a PhD gemstone mining geologist as a CEO. It doesn't matter how many cts are in the ground if the majority are of a size and colour and quality that you can't sell for more than it costs you to dig them out of the ground. From Nov 2105 to 22 June 2018 90% of the cts sold (5,417,932 cts) were of low quality sapphires and carborundum for a total of $1,670,322. That's only $0.31 per ct. Other sales of medium. medium-high and high quality cts only brought in an additional $1,507,555 with even the supposedly high quality cts only selling for an average of $3.14/ct with an overall average price of $0.52/ct sold. The website only ever had a handful of nice stones at any time.
In contrast, before the thefts, smuggling, and mine invasions Tanzanite could be profitably mined and it was much easier to sell than the Oz sapphires given its rarity and beauty. Many Australian sapphires are very dark and can be cloudy requiring heat treatment. Also don't forget some of the deemed resource is low value corundum which sells for pennies. The mine did produce some nice stones including some funky parti-coloured ones but these were too few and far between and they never generated enough revenue to cover costs. The mine yielded the odd larger stone (much more valuable) but surprise surprise we never got to hear of any major sales of such stones.
A great company needs more than a nice story - RLD , aside from its profitable initial Tanzanite years has been a gona company ... Gona make a profit but never does. The carats in the ground at Capricorn are worthless if you can't sell them for more than it costs you to find, mine, market and sell them (adding in corporate costs as well). You can't make a silk purse out of a sow's ear.
Relephant u sound like my lovely Quindell. I honestly don't mind all yr thoughts it is all valuable and I take them on board and then I have made my position clear as to what I think that this a growing sector which will have tremendous appeal.. a great company needs good marketing and a good story for consumer engagement so with all I have found out and learnt I feel there is something here ..I do t follow t herds I make my own decision.
There has been great upsurge for colored gems and other precious minerals/metals and the global markets are growing. Why can they source their stones ? Not many around is there ?
Why did Fura buy the capricorn sapphires?
The Capricorn Sapphire Mine is located in the Central Highlands district of Central Queensland, Australia. The mining licence covers around 1210 acres/490 hectares and an estimated *100 million carats of sapphire lie below the surface, making it one of the largest sapphires mines in the world. *JORC (2004
Now if we have limited sapphires and there is demand then it will be very profitable. They may also be more innovative extraction methods .
Here some more info on colour that comes into Stones through minerals and metamorphism.
The Kashmir stones are the most valuable sapphires. The oldest mines are in Sri Lanka but the blue sapphires are mostly from Australia and Thailand. Madagascar will give you superb pinks and yellows and of course blue. Brazil has pink, purple and blue stones while in Tanzania you will find yellow, orange and blue.