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It appears collective west will soon sanction Rusdian diamonds, may push up diamond prices and benefit Gem, in relation to SP entire market is down and we are just moving with the tide, analyst's suggest profit is high in relation to mcap and operating costs are moving down.
This article was updated about a year ago but it's well worth a read . It also mentions Gem Diamonds. The general outlook for large , natural diamonds is looking very attractive !
https://jessicamayjewels.com/hidden-gems/are-diamonds-a-good-investment
Russia will always be able to sell its diamonds to China and the Middle East so I doubt if it will make much difference to the price .
Well that is a start, perhaps the EU could follow our stance and then we would see a proper rise.
Russian diamond imports to UK banned :-)
Great news...
BBC News - G7: New sanctions will make sure Russia pays a price, Sunak says
https://www.bbc.co.uk/news/uk-politics-65632568
That could be the case Dave. I picked up a few more this morning.
Maybe recent weakness was due to an overhang, which may have now cleared, a bit of volume and a rise this morning at last :-)
No idea apart from maybe they know something we don't!
WHY IS NET DEBT FORECAST TO BE £50M 2024 AND £100M 2025? ACCORDING TO MARKET SCREENER.
Couldn't even get close to building the mine at the current market cap....
They certainly need to do something, diamond Index in decline, assume that's why the SP is under pressure
Or even better, recommence a buy back program and then bring out the large diamonds.
Perhaps it's time to bring out one of the large diamonds in the back draw to curtail the fall.
I agree it's the best use of cash at the moment unless they decide to mine Gahgoo.
I would rather see a resumption of a modest share buyback program, at these low prices.
Not unless they find plenty of large type 2s
Are we expecting a resumption of the dividend this year?
Was on the region of $5m but not sure now, prob less
Just started looking at this share for the first time. It does appear to be cheap on first look. Has anyone any idea how much Botswana might fetch?
I agree Dave this is due a rebound. A market cap of less than £35m is surprising given the fact they are due some big stones which could be worth that and more.
One of the most openly manipulated stocks on the LSE! Due a huge rebound imo, as is PDL gla
Added.
Gla.
Sorry wrong sharechat