Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Where is the offer amount??
Let me get this right, they are not even offering a premium on the price. says it all really. Much better value elsewhere people
makes todays price look a steal
Macquarie lowers Gemfields target price 90.0p to 80.0p. I think ericeric forgot to tell us of this. Macquarie on 6th Feb 2017 stated Gemfields would outperform .......their target price was 110p (Anybody notice a trend here?)
Hi Visiontrader, Thank you for the post. I don't subscribe to WSJ so couldn't read the full article, however, it's not too difficult to understand from the headline what Gemfields tactic is; to try to stay ahead of the emerging competition and add shareholder value. Unfortunately, I fear that this action is too little too late. The reason that I say that is that it will not be too long before they find themselves spending massive amounts of money creating brand recognition and then, due to difficulty creating differentiation for their stones, accusing the competition of getting a free ride. Industry cooperation is now required. I like what Gemfield have achieved so far, but my fear is that they lack sufficient focus to gain significant competitive advantage in the future. Just my thoughts. Good Luck.
https://www.wsj.com/articles/sitting-on-a-trove-of-rubies-gemfields-looks-to-create-fresh-demand-1492426829 Share the above. This is in major wall street journal. I feel this is just the beginning of a major campaign. SP is moving up and will go beyond year highest soon.
Thank you GD for a very informative post, far more useful info as opposed to ludicrous broker predictions posted by a BB member here.
At the moment, what Mustang have for sale (63,989cts) have for sale is small (<5%) compared to Gemfields December sale of 1.372million cts (6 months output). What is interesting is that in Mustang news releases their total availability for sale increased from 37,291 cts over a 6 day period. The most basic calculations show production to be 4450cts/day or 980,000 cts/annum. However, it is important to remember that they are in their ramp up phase so this output figure is likely to increase. It will be important to watch the Mustang output and the quality of stones offered for sale and prices achieved. It is possible that Gemfields prices could reduce, though there could be a wider impact eg Gemfields may no longer have the option to hold back sales as they did to help their Indian clients tied up in the demonetisation crisis. (Jeopardising their objective of following the old De Beers model). Another important point is that the Mustang rubies are reported to me mainly alluvial so probably cheaper to recover, giving them more flexibility on sales prices. It will be interesting to do further research to find out how long these will last. I think its a case of reading between the lines on future news releases from both parties. Longer term there are several options available eg Actively marketing to grow the market and adding value by downstream partnerships with gemstone cutters. I would view it as interesting times ahead considering that it is in both companies interest to maintain prices.
Excellent research Gemdealer, post recommended. So for clarity, with an extra 60,000 cts of Rubies hitting the sales we can assume that this is likely to mean that the price that GEM would be expecting for their Rubies is likely to be considerably less........not good news at all.
I've just been doing a bit of research and found the following: 1. The former COO, Dev Shetty has re-emerged as the CEO of Fura Emeralds of Colombia. 2. Mustang resources, that operates a neighbouring property on the Montepuez field are now producing and have recently sent 60,000cts of Rubies to Thailand for sale in Q2. It looks like Gemfields are going to be playing in a much more competitive arena from now on.
Hi ericeric. Just popped in to say hello, long time no see. Hows your investment going here? Shame you never got into solg you would if been 1300% up by now haha. Never mind
That is some serious volume today almost 800,000 vs norm of 190,000.....any ideas ?
Gemfields is way undervalued and a real gem. This will be moving up soon way higher fhan it was before. The previous auction where india demonetisation was a black swan. Hahaha you will understand if you look it up. This is why this is going beyond 60p soon.
I bought 11k worth shares this morning. This is after my own research- GEmfields is way undervalued- good for me.
He he he. Ericeric taking some well deserved stick from gazzauk and other Solgers on the Gemfields board.
I note your comment to wash1. Sun 20:59 And what about other cos I have recommended such as Gear4Music , Central Asia , DS Smith and the cos I have warned against such as Daniel Stewart, , Fitbit Xtract, Cloudtag, Vast and many others. And how do you know what we buy and sell ? I do not post when we are active in a stock. If we believe your defense when you make such statements, should we believe that as a gentleman you will return to the SOLG BB and make an apology to those people that you Influenced (not me btw) into selling due to your constant de-ramping and having got it completely wrong? I think this would do your credibility some good because you certainly seem to be out of favour wherever you go. Good luck, I won't hold my breath I know you too well for what you really are.
wash1, you will never get an admission from someone who's only aim on Solgold was to make money by others selling. How right you are though, I've been telling people here the same for a long time where the real money to be made was. I'm still in Solg and still expecting a 3 or 4 bag from current prices over the next 2/3 years, do people expect the same here? I very much doubt they have the same confidence.
Seen Solgold recently sub 2p 12 months now 40p bet you wished you'd bought them rather than this one :)))))
reading eric's posts?..................simple answer..............no
reading Eric's Solg posts. He has a habit of sounding convincing whilst he is spouting inaccuracies as facts. PS Not a bitter post, I held Solg current average 2.3p. Expecting more than 40p
So that the wise can stock up?????
What's with the dirty drop today?
Do you reckon that someone is stake building now to take them over the line in the event that Pallinghurst breaks up next September? Wouldn't take much.
What happened to him and what does it mean ?
http://www.desotoedge.com/stocks/new-analyst-ratings-for-gemfields-longem-2/48681