Gem Diamonds Di Share Chat (GEMD)

Been stuck here a year now give or take

SP appears to have stagnated of late after the severe drop. Possibly ready to turn.

That selling has stopped. I think the selling we saw last couple of weeks was bored traders. Look at Petra diamonds up over 50% in the last couple of weeks and no sign of slowing down. Will be gem time soon.

Trust my maths so added another £1000 today

Look at GEMD finances it is screaming takeover, cheap as chips

China had best week in decades, smart money will flow back into assets on the floor

PDL moving up I see

Can't not can.

They must be wandering what to do with all that cash from the 2000ct stone. They were in merger talks before with Gem so surely they must be thinking that now will be a good time to strike. I reckon 30p could do it, they must realise that Sustainable would be willing. I can see Gem having a mkt cap for less than £15m for long especially if they find some more large stones.

? but this certainly likes fluctuating around this price range

China melt up helping real diamonds?

Small diamonds have fallen alot but larger diamonds are rising again

But you do not make the big gains buying the highs you buy when everything has bottomed ready for a multi cycle bull run, q4 is a very good time for diamond prices

I think the selling is being done by a hedge fund. The best way for Gem to combat the current onslaught is to start a share buy back. They could easily pick up 10% of the company with just one large find. They have had 13 to date this year. I can't help but feel the price is being quelled for some kind of corporate action possibly a merger or takeover. The current price doesn't make sense.

Could it be that someone is STILL dumping the shares but just NOT declaring?

AIM is quite lax when it comes to enforcement of rules

Its hard to ignore all these large finds this year - market must wake up to them at some point

And for every article saying diamond prices are falling. There are other saying diamond prices have bottomed out and will rise (you can see that on index pricing for diamonds like all those over 3carat now on an upwards price projectory)

I don’t think it is. I maybe wrong but with this being on sets the market makers are using Algos to hold it and bore the market. They will take it up when they want. Saw all this with costain with the same activity.

It is working as I have seen people saying similar and it’s the fear stage now that will help trigger stop losses. Rolling stops from the people in the 8s etc. patience could well play a key part in getting the returns.

I have been disciplined with adding at set pieces and will continue to if the share goes lower or starts its journey north I will average up

Https://www.lemonde.fr/en/economy/article/2024/09/19/in-botswana-diamonds-aren-t-forever_6726556_19.html

Didnt know until now theyve found yet another large stone - something is amiss here to keep this stagnant around 10-12p range

I wonder if they did not release news over past 6 months showing 20-30million worth of diamonds would the share price be up

Insanity especially with store of value assets like gold into new highs

Did spend 3 months below 10p earlier in the year so some who got in then may be selling at a profit

Why they would no idea as end of year gemd will now be sitting on cash 💰

I also often refer to this as similar to the costain movement as after great results where they to turned cash positive the share price hovered around 40s to low 50s for nearly 6 weeks and had similar questions “what is the market doing” until it started to move up and do over 100% in a year whilst also paying a divi.

I went through financial results again and listened again to the results presentation don’t see anything or worry. They have cash pile. 54.7m of unused debt facility if required. They said about extending one credit facility of which they have drawn down 8m of 30m available (the one for negotiation end of this year) but they don’t really need that and could pay it all off.

They keep finding large stones. I can only think that the “seller” straight after results put the fear in. It could be that there is a large sell order still being worked if they are indeed getting out and that is still on going and we will see one huge print. Or they may have stopped completely and it’s just the market being dull.

Open to other thoughts. Strange bid and ask at moment can sell volume at 11.13 but letting you buy at 11.125. I took 1k worth as I have been slowly adding here with a low 11 average now.

Petra diamonds have their results today and ceo said that he thinks diamond prices have bottomed now and expects to see recovery in 2024. I looked at diamond prices for different carats and those below 3 carats have just plateaued but those over 3 carats value on the index are starting to tick up.

These coming months are usually good for diamond market with Diwali, Xmas, new year and Chinese new year. The Chinese stock market flew over night with added Chinese stimulus which will help and with interest rates falling that to should help the diamond market and costs for gemd.

Bit of a ramble post but just what I have read up on and seen.

Absolute madness really have no idea what’s going on. Are we missing something or is the market completely asleep?

Previous 3 months alone has seen large diamonds exceed market cap yet price is unmoved

Serious opportunity

Don't you just love 1st time posters, that take time out to spew their negative unfounded calculations and rhetoric on a stock they don't own. I suppose you go where your told to go.

What's the value to shareholders though. Take off the o/h, take of the tax, at close to 50%, take of the value to "non controlling interests" which was 60%!!!! at H1. If this stone is worth 5m then ordinary share holders would be lucky to see 1m of it. Look at the numbers....