Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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This company has turned from a sure winner into a big time loser, thankful I only re-invested in a small amount of shares!! How on earth could so called experts get things so badly wrong?
On a bad day for the markets, the shares have been marked down to 8p to sell after only 5 trades and on volume 11.2k. Noticed the broker targets were updated again recently... https://stocknewstimes.com/2018/02/05/firestone-diamonds-plc-fdi-given-consensus-rating-of-buy-by-analysts.html
Should have read re Bottom touched.
Thanks for the chart reminding me that the price reached 55p and I didn't take any profit! Things have to get better!
Is 44million now does anyone know what it was wheh the sp was 56p? What was the cost of constructing the mine? Cheers Clem
Below 10p was likely after the fundraising, but to stay under 10p for a few weeks is surprising. Chart says to me now though that this bottom is now in full view and its now looking rather cheeky in terms of being bought and spanked. Chart... https://postimg.org/image/oihro4ahf/
following from RNS The Board of Stellar announces that it is in advanced negotiations regarding a possible share offer for the entire issued and to be issued share capital of the Company by Newfield Resources Limited ("NWF") Interesting! Australians looking for projects in Africa with a very good offer?? G'day.
Rev, Error on previous message. Total diamonds mined and say sold = $14,456,720 - (Mining Costs)$11,173,270 = $3,283,450 (Say $3.3 Million) At the moment they appear to be making approx $13.2 million a year on the figures provided on whats currently being mined and diamonds recovered. There is obviously other associated costs to consider as I assume the $11.60 T does not cover everything. Maybe totally wrong, but this is how it reads to me. IMHO.
Rev, From my calculations and I may be wrong, I understood the following:- 963213t mined @11.60 = $11,173,270 180,709 Carats mined 156,942 Sold @ �80 Carat = $12,555,360 23,767 (Not Sold) Say @ $80 Carat = $1,901,360 Total diamonds mined and say sold = $14,456,720 - (Mining Costs)$12,555,360 = $1901,360 (Say $2 Million) Their original calculations were for approx 250,000 carats a quarter, so on the above numbers, they were approx 70,000 carats lower which equals = $5.6 million. I don't know what the agreed amount to be paid back quarterly or yearly, but I did read that a payment of $6 million had been made. At the moment they appear to be making approx $8 million a year on the figures provided on whats currently being mined and diamonds recovered. I think that once the better quality ore is processed, the tables will turn and higher quantities will be recovered, IMHO. Not sure if this will be useful to you?
Have I and my fellow parishioners read this wrong? Have they just raised fresh capital just to pay off the quarterly interest payments on the euro loan? If so this will happen every quarter? If this is the case this share is dead in the water. What happened to the proceeds from the sale of the large diamond that they found some time ago? I think the BOD have to face a lot of searching questions. Every blessing Revshep
I agree but wonder when, in the 18 month period, they get to the better stones, sooner or later? It's a long span.
This is the interesting bit for me. If the sp is going to rise we need this to happen. "A far more representative area of the pit will be mined over the next 18 months, which should improve the likelihood of recovering higher quality stones and, in turn, provide a truer representation of diamond quality and pricing than has been possible from production to date"
But perhaps the bottom of a loupe ? - yes i think so ! imo
Visited the AGM, spoke to various,,,,,,,, report late January is imo positive. Not spectacular but good enough to 'wipe the face' of new mine plan... . Canaccord Genuity now tracking fdi, suggesting to their clients a speculative buy rating 20p.... other brokers waiting for the next update,,,, . My review of ag,m is available on ...... . http://uk.advfn.com/cmn/fbb/thread.php3?id=27637329&from=2975 number 2988 . Still hoping for much better,,,, as are all.
Been watching FDI for a while and kept putting in a buy price and today it�s been executed. Welcome to the party.
Expect to see an operational update towards end of month.
may we see a tick up? unbelief how low this has gone
Antwerp Tender Facility. Firestone Diamonds. December 6, 2017 to December 12, 2017. Firestone Diamonds. January 29, 2018 to February 2, 2018. Two sales and guess we will have an operational update next month. Fingers crossed.
Something good has to happen soon hasn't it? Anyway had a top up just in case. Always the optimist!.
some good news from FDI or is this a totally lost cause!!!
Bought more at 9.90p so averaged down to 10p now. Happy bunny.
firestone diamonds would like to wish you a merry Christmas and inform you your shares are worth 10p each.
Hello Tanelorn, I bought 4,100 shares at 11.4299p at 16:09:30
I Hugh, Out of curiosity how many did you buy,,, just so i can see the entry, Regards Jonathan