Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Worth looking at Bluerock Twitter page. Expecting some news before the end of the year which should be positive for the share price. H2 2020 expected to be profitable and They said the will issue a new resource statement by the end of the year which could see the Inferred resource be ‘materially higher’. Also plant expansion (including re-crushing circuit which gives us an additional 1-1.5 cpht recovered) is also expected to complete by the end of the year.
No postings for over a month. Guess there is nothing to say.
Finding of few big diamonds would be the only imminent catalyst news that I can think of will swiftly push the share price higher than what it is right now. But listening to Mike on recent presentation seems to show that it will/can be highly unlikely of that happening. Other than that, mining upgrade happening at the end of Q4. 2nd machinery equipment will only be up and running starting next year and connecting to national grid by first half of next year. Although, production and revenue rising monthly. So does the operating cost where even on that 50 days of mine closure from Covid-19 alone cost BRD around £550,000 for care and maintenance only. Not to forget, Covid-19 impact on diamond industry is also not helping BRD share price.
Is it that the directors are trying to do themselves a favour by selling diamonds prior to presentation so that they can at least brag something on the diamonds sales at this uncertain diamond industry? Last time they sold it for $330 per carats and this time is for $300 per carats.
Looks like 9.7 carat diamond found on Sept. did not fetch for over $50,000 despite estimating to be $75,000. Or is it that directors are still holding it in the cupboard to sell it later when market recovers?
As the presentation is on coming Thursday, they might even release the rns on that day saying we found another big diamonds which could be sold for over $50,000 in the market.
Unloved and unwanted, perhaps you could provide a home for a BRD share. After year's of neglect, you may find it's surprisingly rewarding to offer a home to such a gem. Unlike a chocolate Labrador, they won't destroy your house, or steal your rock cakes. Owning BRD shares comes with responsibility. You must be prepared for the resulting attention you receive from alluring women, and on occasion you may be overwhelmed. I personally rescued my last batch today. I no longer have any room to selflessly liberate anymore, due to the sheer quantity of advances from ladies. While welcome, the resulting exhaustion has meant that I have had to reluctantly accept that I can purchase no more.
Disclaimer: Purchasing BRD shares cannot guarantee the adulation of women.
Panties can stay up as well as drop down.
Hopefully will be reflected in market movements. Heading in the right direction.
There seems to be only few hundred shares available for play in the market. Almost all of them are holding it very tight-knit. Share price is still at .10p per share prior to shares consolidation done last year. Can you ever imagine? Yuck. Anyway, all because of mostly by Covid-19 and partly by our respected directors raising more funds through dilution i.e. also twice. And their participation was mere total £15,000 only out of over £2m. Great! inn't?
However, BRD should have around $3m dollars in CASH, ramping producing diamonds mine where directors believe BRD will become cash flow positive and profitable in the second half of 2020. Point to be noted- Mi Lord. Debt knowledge-to-date £49,000 paying 35% interest rate to former CEO Adam and he took recent interest payment in the form of shares (must be laughing at directors and us) cause he knows BRD share price is a joke atm. Lots of value to be made here.
Q3 Production report landing any soon. It will reveal lots of information on the performance of BRD share price in future.
“We are a small niche quality diamond seller and have constantly demonstrated this here @_BlueRock ..”
Here, @DDS_DocHoliday catches up with #BRD Exec Chairman Mike Houston to discuss the various projects, general business and this weeks interim results.
https://total-market-solutions.com/2020/10/02/4667/
On the going concern, it is mention that BRD has £2.1m cash on hand and approx. 2860 carats in stock at an estimated value of $330 per carat i.e. another $900k approx.
On 2nd Sept. they had sold 3805 carats. So it looks like Sept. alone production was 2860 carats. If it is true, then, we still got 3 months left for year end and even producing 2000 carats each month will make 6000 carats i.e. around $2m.
BRD also expects to be operating cashflow positive and profitable in the second half of 2020.
But I do think 2021 will be a great year for BRD.
However, their plans are ambitious and will cost money, so I have serious reservations that we are in fact fully funded. The cash balance was a lot less than I hoped for and is misleading in that it does not reflect costs payable such as wages, power, materials, etc and the value of diamonds may possibly exclude diamond auction costs.
I also do not like the delay in the resourcing upgrade
RNS says
Cash and near cash on 30 June 2020 was £500,000, excluding restricted cash, and as at the date of this report is £2,100,000. This includes committed funds of £235,000 due from Teichmann from its subscription in July 2020, and approximately 2,860 carats in stock at an estimated value of $330 per carat.
In my days, cash was cash, debtors were debtors and stock was stock. Now they are all cash. Lol.
What about current liabilities such as power and salaries. Are they not cash as well.
Naughty Houston. Very misleading.
Of course I have, but they were still far worse than I expected and more depressing is that it looks like they are a couple of months behind on the resource upgrade. The cash burn here is high and I have a gut feel that at some point another dilution will land. Fingers crossed for more big diamonds.
What?
It wasnt in the public domain you numpty!
Heard of covid?
Trouble is we've heard it before and those results were dire
Some of the upcoming rns in the near date are:
- Resources upgrade report where we have been told that it will be released by Q3. Hoping it will be tomorrow.
- Sales proceed of 9.7 carat diamond found: independent estimation to be of $75,000
- Q3 Production Update
- Interim result
- Possible recovery of high value diamond
Must be a buy and MM's playing games as imo they need more shares for them.
See the holding RNS Edale increased by 100k shs - sure it was a sall now David? ;-)
I think it was a print of a buyer, a MM has been accumulating for a few days and filled an order. If it was a sell of that quantity the s/p would have dropped not gone up.
The buying pressure dropped a bit yesterday as the buyer had finished IMO.
That was a big sell. Some one taking profits from the placing maybe.
Apropos nothing in particular I do think your money is safer here than in ICON. Well done though!
I bagged in icon this week. So got another £1600 worth here this afternoon
Getting sell 63.5 for around 6500 and 62.7 for 18 000 odd. Definitely want shares, hopefully good results and more larger stones found.
Look out for possible rns on big diamonds found tomorrow cause BRD announce it on Thursday if their is any.
OR
May be rns for TR-1 notification of major shareholding as 5,000 & 10,000 shares buyers are not finished buying it.
Obviously their are sellers too.
The plan is to increase ROM to 1 mil tonnes by end of 2020, costs should already be reduced as the CPHT has increased to 5.1 from 3. There should be a steady increase in production and profit for the next year hopefully. Recent podcast and presentation from July - good progress has already been made since these.
https://www.bluerockdiamonds.co.uk/assets/corporate-presentation-20-07-2020-d1.pdf
https://www.bluerockdiamonds.co.uk/assets/gmt20200720-130115_bluerock-s.m4a