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Production building up to 1mil tonnes per year, latest grades 5.1 CPHT, costs currently around $200 per carat, but that is due to drop significantly with higher grades and the nes power supply from the grid early next year.
The forecast ROM for 2021 is 1 mil tonnes per annum at grades of 5.1 CPHT and average sale value in excess of $400 per carat and costs under $190 per carat - therefor 1,000,000/100 = 10,000*5.1*(400-190=210) = $10.7 mil gross = £8.33 mil Potentially way more FCF than current MC (currently about £5.4 mil) .
All the funds are available after the placing to achieve this - IMO if BRD produce on their model then £2-3 is on next year.
The shares are slowly flying off the shelf. Don't delay buy today!! before its too late.
Recovery in the diamond market are happening :
https://www.iol.co.za/business-report/companies/de-beers-records-a-176-jump-in-rough-diamond-sales-251adf0e-dfcf-4307-8d97-3061a70d5be4
bod has already mentioned high probability of more big carat of diamond will be found the more they dig.
If you're walking down the road, and you hear a women calling you " Come join us it's lovely In here" only to see three ladies waving at you from a jacuzzi, you're either dreaming or you have been smoking the strong stuff.
This share price is real.
Can't see it hanging about for much longer.
When I look at the BRD share price it reminds me of the scene in Goldfinger where Bond says to Pussy Galore " l must be dreaming"
With current production BRD should sell a parcel of diamonds (similar like 2sep RNS) every 2nd month. From next year it will be a similar parcel every month. Expecting the good news flow to continue here. Resource update should come in Q3, just two weeks left now. Will most likely be significant upgrade given the statements in the Corporate Presentation and more to come later on once they have all 5 pipes in Production and know more about the exact size.
Never look a gift horse. :)
Teichmann, the company who has operator contract in BRD has 29% of shareholding (their Confidence!) . Now, Edale Capital with 5.84%. Obviously, some few percentage are with individuals who wants to hold atleast to the extent when BRD is fairly valued i.e. above 150p per share. BRD fundamentals are great, only share price is down due to overall market problem from Covid-19. The good thing is diamond market is recovering and re-rate in BRD share price will definitely be there.
The revenue to date on the total sales of 6217 carats of diamond has already brought BRD $2.2m . Awaiting sale of recently found 9.7 carats of diamond has independent valuation of $75k. The company is now operating in the area where diamond mined has significant improved average grade of 5.1cpht.
So more single stone of high carat found, the more the generation of revenue in $$$'s.
Fully funded.
New selling strategy to sale at Antwerp diamond market although adopted, BRD is easily getting clients to purchase its quality diamond within Africa itself.
More good news are imminent and not to forget, look for BlueRock Diamond twitter for recent and future updates.
Yep and no impct on price. This will soon move.
Large stake nearly 6% taken by an American hedge fund yesterday
BlueRock Diamond is among the top ten quality diamonds producers in the world. Although, the diamond market in overall is at its worst period. China is opening up and creating strong demand for diamonds lately according to De Beers. Hopefully, USA will follow.
BRD should achieve its share price to the level of 120p easily, soon if the momentum continues. No doubt. BOD doing their absolute best updating every day. Hope it is not too little too late sort of scenario.
Also we have the enhanced CPR due any time, they have hinted that the licence area contains much more kimberlite than has been announced thus far.
There were a few buys coming in after the RNS, but it was "only" a single $70k stone, the last big one was 12 carats and worth $100k+
To me this shows good progress, larger stones are being found as expected. What the market wants is proof the company is now profitable and that should be clear soon, hopefully Q3 production will be announced soon and that will probably be a game changer if all the hints coming from the BoD are correct - 5 cpht, larger stones, increased ROM of kimberlite and not mixed with overburden.
All looking very good IMO.
There are a lot of idiots out there. Why do you think they fall for pumps and dumps.
Foods need to look at the market cap.
The market must think this company is bigger because of the high share price. Many traders are only interested in micro pence shares. Do not worry, resource upgrade on the way. These are quality stones.
Surely this 9.7 carat discovery and the continued discovery would prompt a surge. Is the market asleep or am I missing something?
They will be doubling their money before the end of this year. Who knows, may be in few weeks time considering the bod continuous barraging of updates (twitter too) happening pretty much daily. Although, until to date, it's all going in vain as covid is weighing down the overall diamond market. We all know the share price will go north soon to above 100p and more.
Nice late big buys. Should move north now
“Diamonds Are Forever” an Investors best friend…
...Here, @_BlueRock FD David Facey catches up with @DDS_DocHoliday and expands further on a plethora of news this week including news of a fifth diamond recovered for #BRD with a value of over $100,000
https://total-market-solutions.com/2020/09/03/bluerock-diamonds/
New funds raised will be used to:
o Enhance earlier expansion plan to increase production volume to a run rate of 1,000,000 tonnes/45,000 carats per annum by the end of 2020
If 3,500 carats is £1M then 45,000 is £10M per annum by end of year rates. Now approximately £3.5M cash with a MCap at £5M (9M x 54p). Simple maths guys
£.125M placed 6 weeks ago. Very cash rich now with ramped production and £1M sales gone through for £5M. Looking good
Placing at 35p massive discount and only 5000 pounds purchase by directors each no vote of confidence