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I don’t know that anyone noticed but this is the first time that I can recollect that the chairman, Mike Houston, has taken up near £50k worth of shares in the rights issue. For me, that’s a vote of confidence providing there’s no further lockdown or floods or a plague of frogs or................../////
Agree with your points Bmeister. BRD is now very close to an inflection point and will during 2021 reach the final stage of the mine where they will have annual revenues of 15-20m and profit from operations of 5-10m depending on diamond sales price. With reserve life of 10 years and a potential 5 more years. There will be a huge free cash flow from 2022. I think the share price will consolidate around this level and start to move up again in mid/late Q2.
Despite being very frustrated by today's placing, I've topped up to bring down my average. There were a few positives in the announcement.
They achieved average price of $423 per carat for the first two tenders of 2021. This is much higher than 2020 average of $290 and their 2021 forecast of $330-350
2021 Guidance being maintained at 34,000 to 44,000 carats
Costs being reduced to under $200 per carat by end of 2021. This would mean a profit of $150 per carat which would equate to an overall profit of $5.1-6.6m which is equivalent to their current market cap.
Agree that the placing and weather is disappointing but I'm in it for the long-haul and mcap is just ridiculously low.
I've bought some more to average down although very frustrating that they needed to do another placing. However, there were a few positives in the announcement:
Achieved average price of $423 per carat for the first two tenders of 2021 (well above 2020 levels of $295 and their 2021 guidance of $330-350).
2021 Guidance being maintained (albeit at lower end)
Directors and Teichmann subscribing in the placing
Costs being reduced to sub $200 per carat by end of 2021.
That's a profit of $150 per carat x 34,000 - 44,000 is $5.1m - $6.6m which is equivalent of the current market cap
jscapper, I'm sorry to say I agree with that. I love the story at Bluerock and it's still on my watch list, but it's a bit of a lobster pot from an investing point of view. To be fair the weather and depressed prices haven't helped but the mine appears unable to operate profitably.
Two of the red lines are both buys 6867 and 69XX, MM's playing games.
Wait for 35p before buying for dead at bounce.
Seems the light at the end of the tunnel is never ending. Shafted with constant over promises from the exec, laughable how many dates and deadlines are missed
I did for years.
Then they made the share less liquid to trade so I stayed put then they issued more then more. Asset is good but are they ever going to be profitable? Me myself I just see convenient excuses to blame it on but I won’t post again as I know others are still here I’m just human and furious.
Anyway good luck to all those who remain. Apologies it may come good but for me this affair is over.
I know how you feel, I wanted to hold these, I like the asset but I can't do it.
I know 2 well known I can think off good luck to them it’s just too much jam tomorrow and excuse after excuse I’ve added to #EEE with my leftovers instead.
Some investors, good half a mil lost here.
I just sold my entire holding in this piece of crap. Held for three years jam tomorrow always got shafted sad to say lost over 20 grand but too much jam today tomorrow and the next day. You can check me out on this board over the years so I’m not a deramper but I’m out.
Load up when it gets to 40p
Placing for 1.5m at 40p
Glad I let these go a long while back, still be in a loss now, that would be three years.
https://total-market-solutions.com/2021/02/are-we-entering-a-commodities-supercycle/
under the radar is nice, diamond prices going up. increasing production. I emailed brd on my radar :O
Thank you for the clarification, I stand corrected by a few weeks. Such things have a habit of limiting really good upside on AIM particularly when forgotten, so it'll be nice to have them out the way - or a doubling to £1.08 to buy from here of course!
For newer holders, we have been there during the operation of the mine of course, my second larger purchase was somewhere around there, happy to hold well beyond there. Checking my spreadsheet, I see I have BRD in share account, ISA and SIPP and none have ever been sold - whether that's a good sign or the kiss of death I leave to the fundamentals :-)
The only warrants that I can which are still outstanding are those that were issued on the 16/05/19 with a strike price of £1. These warrants expire on the 5/06/21.
Considering buying in shame no recent cash balance! Anyone have a list or where I can find outstanding warrants, couldn’t see on website unless I missed
Yup, it’s so well hidden that nobody can find it let alone read about it any press. It really needs to put itself about more. I note that the weather forecasts for the area now show very little rain on its way after record biblical floods.
4065 BRD - GBP0.05 at a price of 54p Net Payable £2,200.10 09:33 approx
The broker may have put it through the alternative BRD.GB.PL (Auris Exchange listing) I won't know till it appears after delay
Nice average down for me after I did well on Glencore this morning and sold a few, the fundamentals here in my opinion are exactly as many here (including non-rampers) have written and the future looks better than when I paid the equivalent of 60p for my first shares. From memory as I wrote about it in 2019 another lot of warrants drops out on 1 May unless there is a very substantial rise in the next 11 weeks.
Further evidence this morning that diamond prices are back up to pre-covid levels in Petra Diamonds announcement. Once this is also confirmed by BRD with their latest tender results should see the share price re-rate as that is the main reason the share price is so low in my opinion.
There's much talk about share price manipulation. Trust in the fundamentals! Trust in your own research and buy now while stocks last!
How can five trades, three being small sells and two being buys, one of which was over £50,000 mean we are down? That just doesn't make sense unless of course the share price is on a 24hour delay setting. I always read the constant moaning about share manipulation and assumed it was garbage. However, I just can't figure this out. Maybe it will skyrocket Monday? Here's hoping for a big fat diamond to be found on Valentine's Day.