The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Well guess if you stick by the Kelly Criterion, looks like its serving you well. Managing about 200% this end in what's been a volatile year or so.. but something tells me going forward may require a little more selectivity and research.
Had a very 'neutral' stance here since end of 19, but almost looks like deja vu, interesting
Yes, I should've realised that! I'm finding it hard to keep on top of my PF which comprises 15 shares. How fund managers manage 70+ is beyond me and having so many investments must have an impact on their performance. Over the past 11 months my PF is up 225% and that's after so many mistakes I'd rather forget.
dozer, the dip on Friday was down to shares being admitted from funding, mm's being cautious
But it does present an opportunity to position well for the coming months/year ahead!!
Looking forward to them finding a diamond worth more than the Mkt. Cap. !
That's a very good sign that much better minds than mine think this is worth investing in. With inflation now left at 2-3% to run down national debts I see this as a good commodity play.
Barclays TR1 just landed!
All looking like some upward momentum now. I bought on the large upgrade in production levels hoping for a return to at least January 2020 SP levels. Glad I averaged down now too. I plan on keeping this for at least a year to see how the new machinery gets on.
It feels like groundhog day with this share, they somehow manage to pull out the big stones just after each fundraise! It's always felt like luck is running against them but especially with covid and the biblical rainfall. To be fair, it's a pretty sweet RNS with 3 big stones and I agree if they can get a run of luck with the new production in full swing it could well go full-boom here. I might pick up some here tomorrow, missed the RNS in the day.
Holding RNS very positive and can see this motor over the next few days.
Is it only Hobi?
Of just £4m looking to make 3 times that this year alone. Cash cow springs to mind!!! Dyor but be quick
Boom Bought in. Great RNS update.
Hi Chris, yes I agree 2x £160k trades that are marked down as Ordinary buys makes you sit up and listen.... so 32p was the bottom? and everyone's getting married soon? Julian
According to LSE two £160,000 buys went through yesterday. I topped up on the drop too, but £160k is a slight stretch for me! Hoping that the new machinery and proven increased resource means this can double from here and at least reach last January's price of 111.
Just added on the this drop from buying on the announced confirmation of increased resources. Holding from the 60s. I plan to give them a year to show me what they can do. Hopefully with the economies of the world picking up and inflation ticking along nicely this can at least get to 100 like it was in January 2020. Come on my big rocks!
Was expecting more comments after the presentation this morning. A lot of positives. New crushing circuit commissioned last month and now up and running. Will be connected to the SA main grid by June so H2 will see our AISC costs reduce to $200 per carat. Said $330-350 per carat guidance is very conservative and hopeful it will stay above $400 like first 2 tenders of the year. 2022 guidance should be around 46,000 carats which at $200 profit equates to $9m - more than our Mcap right now.
Taking a 6 month view of their projected operation schedule,the gem quality and the rise in Diamond prices,thought it was about the right time to buy.
I noted that my share purchase was shown as a sell, Bought at 42.5 when the spread was 41/45 ,using that as a template it would appear all the deals showing as sells which are over 41 may well be all buys.
One thing that bothers me is the amount of loans they make to their major 28% stock holder,for the purchase of company shares,almost a million pounds in delayed payments for which no interest is been payable to the company if it had been then the recent raise could have been for less shares?
“…in light of the company’s robust response in the face of difficult circumstances and the prospect of a stronger market this year, BlueRock is worth following as a possible recovery play…”
https://total-market-solutions.com/2021/03/bluerock-diamonds-plc/
No, point of asking as they are not willing to answer your question. Has been asking this sort of question for transparency (cash position, diamond production per month, sold and stock at hand) in the past conference call.
They would rather be interested in talking about futuristic planning and projection which will either be proven difficult to achieve or will be delayed by continuous excuses.
Unless massive increase in sales and continuous finding of big stone which is hard to come, I am sure we will not even see the share price rising any soon and my average is 72p. As being unable to continue averaging down, I have started to sell slowly whenever there is little bounce so as not to suffer massive losses.
I can understand some of the concerns that you raised but you also need to put in perspective that BRD will soon operate a mine that gives 15-18m$ (350-400$*45000 carats) in annual revenues and gives an operating profit of possible as high as 6-9m$ (130-200$*45000). The expansion project was need to improve the scale and profitability. The resource upgrade to 10mt, 10-year mine life was also done. This upgrade does of course cost money, and as long as production was not large enough it did not provide cash flow to support the growth. Once the final stage of the mine is reached it will generate free cash flow. I am sceptical to how the Management have done the project planning of this and it would probably have been better to make a large funding with equity and bank loan at an earlier stage rather than this placing every six month. I bought after the last placing at around 40P, so share price back to my price paid now almost. Still think this is a good investment to buy at this level.
Mil09, be sure to ask him on Monday.
https://www.investormeetcompany.com/bluerock-diamonds-plc/register-investor
All at 42.48 and above are buys.gl.
Since Mike appointment in early Q2 2019, he has made funds raise of well over $5.6m to-date through placing.
Under his leadership, BRD has generated revenue of around $9.9m (not including 2021) and excluding recent placing of $1.5m, the money already spent should be $14m in less than two years time.
BRD still got CLN
I guess former director loan (35% int. rate) is still outstanding which was supposed to be fully paid from Feb 2020 placing
Half year report of 29 Sept. 2020 only said BRD has £2.1m cash. Q4 2020 production report shows , they sold diamonds in value near to $1.8m. Just adding these two amounts, it shows cash position of around £3.5m.
They said they have achieved $423 per carat for Jan and Feb 2021 tenders, then, I assume revenue for this two months alone should be well over £1m.
Where is this monies all gone making directors to raise further £1.5m? Also they did not mention the current cash position.
Absolutely gobsmacked by the inadequacy of the directors on every placing by doing on discounted price . They continuously barrage with depress old information on twitter. Instead, could have updated us with new crushing circuit on operation with few pictures. They could have also updated us of achieving average price of $423 per carat for the first two tenders. This could have definitely boosted the share price and didn't had to do placing at that desperate price of 40p.
Despite huge rising expenses, they are not ashamed of saying that plant installation company are willing to take 20% of project fees and performance related bonus in shares. There is no information on how much is the total project fees and why should BRD pay performance related bonus? Is fees not enough? And directors are saying it is showing confidence. This is like getting free shares despite getting fully paid.
With future profits set to exceed Mkt. Cap. this still looks a good investment - I've increased my holding 121% @ 42.25p so the Sea of Red should really include some Blue.