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So end of Sept/ early Oct we were at 1.1-1.2 and I expect a return to this figure, but I feel we are really undervalued and the discovery of a couple larger stones will brighten the mood here. I'll be trying to add in the morning.
I would imagine some costs will be recovered via insurance, but the key was getting power restored. Big bounce back up coming.
Good to see we are producing again I would guess they used this time for stock piling and catching up with general repairs .some compensation from electric company or insurance would help.as such I see currant share price unfounded.
As they advised and back upto 80-90%, expecting the sp to pop back up over 1p and come December we could be around 1.5-2p. I hope some managed to boost their holding during this blip.
This is very touch and go, you'll either multi bag or crash.
If you have some punt money down the back of the sofa, you don't mind not seeing again then ??
I'm not, I can see this hitting 0.01 and folding
Bagged somemore - expect an update on power being restored and then we will see this climb back upwards.
Another nudge upward, surprised if we don't quickly head back above to around the 1.5p. Great value
Buying to continue 100% from here - some big stellar stones please
Maybe, but this is the bit that worries me. "The Company continues to engage with its debtholders to ensure it can sustain operations through the current downturn and further announcements in this regard can be expected in due course."
Like I said it would be viewed as not as negative as some posting on here - long way to go, but certainly think 1.5-2p on the cards and then we wait.
You can not be serious!
Just read the Q3 update and I think we could see this pop up a little.
Sorry one sell?
Two 2.3 million sells, someone's lost a packet!
Lol, not me, I'm on an FPSO,... Shhh... Apparently we are preparing to go off to the South Atlantic. ;o
Krusty, I appreciate your concern, however, I'm sure that you are aware, this funny 'share' gaming is all about about risk management I do generally deal with 'high risk' shares, sometimes I gain (lots) but then again, I do also lose out (heaps), but in general I do ok.
On your point of DYOR, I have.
Granted the last few RNS's have caused concern but they have been released prior to the Antwerp Diamond sale - quote from previous RNS "Recovery of a 54-carat intense fancy yellow, sawable diamond in July. The diamond will go on sale at the next tender which is scheduled to take place during September 2019."
That whopper along with others have just been tendered, not September but just last week. (see link below).
I'm sure all will be revealed after the General Meeting this Thursday 17th Oct.
All the best.
GLA. http://fediamonds.com/upcoming-tenders/
Anyone going to meeting on Thursday should be intresting .Edwards family holding now worth 315k .sustainable capital 290k. pacific road 810k . Resource capital fund 810k .would be funny if I wasn't losing so much myself.
This mine is jinxed!!!
Here's what you said 2 weeks ago when the price was 0.80:
"Perfect, remember Top Up on the lows to reduce your average and recoup your losses :)
DYOR... I have... "
If you're quick you might still be able to get out at 0.50 & stop your loss below 40%. Or perhaps you're too busy doing your own research?
Nice to get an update. Back in production soon. A few grand for genny hire and fuel costs.
Feel the need for another top-up. :)
GLA
Update to production disruption due to power fluctuations
Further to the announcement on 4 October, the Company advises that, whilst every effort has been made over the past week to identify and to resolve the power issue, the Liqhobong mine remains without sufficient power to operate the processing plant. The Company has therefore initiated contingency measures to restore power by alternative means within the coming weeks. In the meantime the Company will continue to engage with both the Lesotho Electricity Company (LEC) and ESKOM, South Africa's power utility to try to resolve the interruption of grid power to the mine.
The Company has placed an order to hire diesel generator units with which to run the mine's processing plant. All units are scheduled to arrive on site by the end of October and to be fully operational shortly thereafter, during early November. The generators are expected to be used to generate power until grid power is restored from the Muela Hydropower Station, which we are informed will take place on 1 December 2019. Normal operating costs are expected to increase by the cost of renting the gensets and of the associated diesel consumption.
Johnpwh. I do hope you are not responsible for that poor person loosing a few hundred pounds on your misguided rant. If so, shame on you.... You'll have to deal well to recoup your loses (commission costs etc) buying and selling, if you are investing circa £100 a deal.
May I suggest sticking your cash in an ISA...and get a hobby.. Good luck and good bye.
Second top of the miners and a decent spread for a change. All good on my book.
O dear. I barely ever look at this anymore, wrote my investment (if you can call it that) off in my head a long time ago. Since my last post on 17th September it has got even worse!! Just worked out I could double my holding for the princely sum of £100. I sometimes spend that much in Morrisons. That would be funny if I didn't know how much my existing holding cost. I remember back to the grand words boasting of the opportunities and riches following (expensive) proper development at the Liquidationbong mine (or whatever its called). At least back before then there wasn't 95%++ destruction of the share price. Never mind, I'm sure the directors will look after themselves, funny how that always seems to happen......
At worst supply disrupted for 2 months according to RNS .will not stop them stock piling etc.on that I have toped up again today.