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gem ceo interview,from earlier..http://video.cnbc.com/gallery/?video=3000495722
Balance sheet is looks v strong for an AIM company. Long term share for the pension pot.
Total Sales over 7 years (2009-2015) is negligible: US$36 mn Source: Gemfields PPT "Proposed Acquisition of Fabergé" Slide 31 - http://gemfields-corporate.s3.amazonaws.com/documents/documents/169/original/21-11-2012_Proposed_Acquisition_of_Faberge.pdf?1411492740 Total Losses over 7 years : US$ 100 mn Source: Gemfields PPT "Proposed Acquisition of Fabergé" Slide 31 - http://gemfields-corporate.s3.amazonaws.com/documents/documents/169/original/21-11-2012_Proposed_Acquisition_of_Faberge.pdf?1411492740 Source: Gemfields Audited Financials for 30 June 2015 Page 94 - http://gemfields-corporate.s3.amazonaws.com/documents/documents/239/original/Gemfields_FY15_presentation_15_10_06_FINAL.pdf?1444208000 Source: Gemfields Audited Financials for 30 June 2014 Page 90 - http://gemfields-corporate.s3.amazonaws.com/documents/documents/178/original/21372_Gemfields_AR14_Final_Proof_03.11.14_WEB.pdf?1416408385 Source: Gemfields Audited Financials for 30 June 2013 Page 68 - http://gemfields-corporate.s3.amazonaws.com/documents/documents/157/original/annual_report_and_financial_statements_2013.pdf?1416936703 Inventory : As of March 2012 Inventory was approx US$30 mn. Total value of inventory lying unsold as of 30th June 2015 is at US$36 mn which is equivalent to the total of last 7 years!! Source: Gemfields PPT "Proposed Acquisition of Fabergé" Slide 31 - http://gemfields-corporate.s3.amazonaws.com/documents/documents/169/original/21-11-2012_Proposed_Acquisition_of_Faberge.pdf?1411492740 Gemfields in November 2012 acquired Faberge issuing 214 mn shares at 42p/share : £90 mn = over US$140 mn Source: Gemfields Press Release dt: 25 Jan 2013 - http://otp.investis.com/clients/uk/gemfields/rns/regulatory-story.aspx?cid=1227&newsid=579396 At the time of the Acquisition Faberge had cumulative sales (2009-2012) of US$13 mn and Cumulative Losses : US$62.5 mn Source: Gemfields PPT "Proposed Acquisition of Fabergé" Slide 31 - http://gemfields-corporate.s3.amazonaws.com/documents/documents/169/original/21-11-2012_Proposed_Acquisition_of_Faberge.pdf?1411492740 Pre-acquisition by Gemfields, the major shareholders and managers of Faberge were "Pallinghurst" themselves Source: The Telegraph article dt: 21 Nov 2012 - http://www.telegraph.co.uk/finance/newsbysector/industry/mining/9693842/Gemfields-buys-Faberge-in-142m-deal.html
http://www.facebook.com/daveandjamesg2g Ladies and Gents.... I am an investor here, but ask that you forgive this post.... In Sept/Oct I'll be running in one of the worlds toughest foot races (less than 350 have ever completed it). It will last 7 days and cover a section of the Grand Canyon. It is self-supported, which means that not only will I be running, i'll also be carrying all I need on my back. ( www.g2gultra.com ) I'd love it if you'd check out my Facebook page and "like" it. Im not a Facebook fan, so this page is purely for the run and to update people on the progress. My hope is to raise many, many thousands of pounds for "Walking with the Wounded." a Charity which assists injured service personnel getting back to independence, and supporting them and their families. Should you wish to sponsor, you can do so too... it's all on the Facebook page link... We are also after corporations who may be interested in sponsoring us. However, for now we would really appreciate you simply "liking" the page!!! This is arguably one of the hardest ultra-marathons on earth, and so I ask that you forgive this non-investment post. We just really want to raise bucket loads of cash, and by "liking" us you will assist in raising our profile. Should anyone be interested in corporate sponsorship of kit or our team (Team "Walking with the Wounded") please message me via the Facebook page. Thanks all, James K. http://www.facebook.com/daveandjamesg2g
As an investor, I’ve done an analysis on Gemfields and it seems Faberge’s acquisition has been used to prop up Gemfields market valuation Faberge’s cumulative sales for last 3 years are ONLY US$ 22.6 mn - whereas Operating expenses for these 3 years is US$ 39mn, incurring huge losses This means that Faberge’s worldwide sales average less than US$ 8 million per year !!!! Pls check the data on this http://docdro.id/Tb6SGuo
Remarkable really, how come GEM has made a 30% gain from its Dec lows in a middle of such a negative market for most other shares,specially in an industry selling high value products!
RNS 10 Sept 2015 gives timetable at that time. Overall update mid February may give more info.
Do we have a time frame for moving forward concerning the licences in Colombia?
with ref to your post below. If they had bought Blackrock Worldwide Mining, the largest UK quoted mining investment trust instead they would be down very nearly 50%. But they didn't buy Blackrock did they eric, people may have bought GEM at 66.5p based upon your recommendation..........I ask again any apologies to those people from you for getting things drastically wrong? Straight answer will do eric.......no apologies? ......or apologise? .....surely a so called pro can understand my straight forward question.
How about those that may have invested at 66.5p on your recommendation? any words of comfort for those? Any apologies for getting things drastically wrong?
Not so sure. Long term support looks to be at 25. Risky. 2016, anything can happen.
Apologies target 30
You were spot on. Sp targets by brokers means sweet nothing.
Chart indicate further fall sub 25 imo. Plenty of time to buy imo. 2016 may be a difficult start. Buy in target 20 to 25 imo. Gla merry christmas
Honestly, though Gemfields has a great future, Ruby prices have actually fallen greatly since last auction and the auction results are not great. Possibly GEM will stay weak for some time to come.
they must have shot a few more illegal miners!
Interesting, thanks
cant argue with those two,they know theyre onions,especially the wobbly bloke. but if you look at the 12 month charts on petra diamonds,gemd,petra diamonds,diamondcorp etc,you'll see they've all more or less suffered from the slowdown in the luxury sector,it doesn't mean to say theyre doomed,all you have to do,is catch the bottom and you'll do real well,when they come out of their bear market. some of those others are showing signs of bottoming out,so maybe gem's time is near. gla
The short answer is yes I do. AIM is very different from bigger indices, PI,S make up around 60-70 % of the share register in most cases. and that 60-70 percent are probably only around 300- 400 people. Also bare in mind MM's play a very big role in AIM, they can smell fear with the small investers and thrive on it
post rec'd.......one ramper in particular on here is an utter disgrace......a despicable example of the kind of sharks we have to swim with on AIM.......
Do you think that the effect of a few gullible PI's like myself really has such an effect on SP?
As I said before. This is a risky share, non essential items in a fearful market with everthing from oil to gold to diamonds dropping in value.why was this company going to be any different? Plus as I Also said months ago, market cap was ridiculous and the share price had risen to much to soon. It was always clear it was due a drop. The rampers here were probably busy selling while telling everyone else to buy. Its the oldest trick in the book in a market like aim. How these people can sleep at night I dont know. I was telling people to bank any profits from back in August when the share price was in the 60's
What are your thoughts as to why this share price is dropping?
Have a lot to answer to here. They would of cost a lot of people a lot of money. Hope they are ashamed of themselves, altough I doubt it. Absolute disgrace.still some way to fall imo
Share price in absolute free fall, fluctuating large amounts as was up after first few trades this morning. Surely cant fall back into the 20s.