Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Finally..long may it continue.
Gla.
If you buy 100k it's 9.6p.
They are quoting 11.6 for just 500,000. Come on MM's let me buy.
I'm having difficulty buying this morning.
Wow, tons of cash waiting to fill that bank account!!
The shorters algo needs adjusting to the news flow. I think they will get buggered if they find some more like this.
We are literally holding large diamonds valuing over our present market cap, something has got to give?!?
Gla.
If Gem find a similar stone to the Lesotho Legend then that will be the game changer. That sold for over $40m, that would make a mockery of the current mkt cap. It's highly feasible that they at least find a stone with a higher value of the mkt cap. I would say it's just a matter of time and at this price it's worth the hold.
After analysis i conclude that if we use 2023 metrics as a baseline ( breakeven excluding MMIC ) and calculate each years 2024 - 2036 waste mining outlook, we incur net additional waste capex of 113m and if we look at the ore treated/ grades/ct recovery outlook for each year 2024-2036 we incur net revenue outflow of 97m giving a total net outflow of 210m. But if the average ct price increased by 30% and was maintained throughout period 24-36 we'd see net additional revenue inflow of 413m minus 113m net additional waste capex outflow = net additional inflow of 300m . I think credit facility will be extended this year but additional RCF in 26 will depend on diamond prices, business is priced for failure because that is it's current outlook within 2 years but a recovery in diamond prices would change this outlook and the sp. It appears a viable takeover if strategy was too shut down mine until higher diamond prices, opinions and can anyone explain 167m net book value of PPE stripping asset and deferred tax liability of 79m?
Shabby board, surprised the price is 8p and not 0.008p like my return on investment to keep the registered office in one of the most prestigious locations in the uk and the board in their lucrative remuneration policies. I keep my remaining shares because Ím waiting for a loss to set them against.
My advice to all interested in investing with this company is - look at past performance to see how much of your money you could be giving straight to the directors . Stick it under the mattress at least, hopefully, it wońt slowly disappear.
Clearly the market is simply not interested in good news from small companies, only bad news causes a reaction.
The purchase of MMIC will lead to operational efficiencies and cost reductions going forward. The four diamonds discovered this year and more to come will soon pay off the debt.
FY23 end period 16.5m cash, net debt 21.3 , undrawn facilities of 45.9, purchase price of MMIC 22.7 of which 13 paid pre period end and 9.3 post period, so is the post
FY23 9.3 m payment included in the FY23 end period cash and net debt or is cash now 7.2m with net debt of 30.6?
Do you think the market makers haven't seen the RNS?
If they find a few more it could get rather messy for the shorter. Let's hope so as the mkt cap is a joke.
This important discovery was even mentioned on Bloomberg this morning as a potential market price lifting event. Get in quick boys and girls.
That's very welcome. Surely thats probably worth about a third of the mkt cap. It's the fourth one over 100ct this year so let's hope they can pull a few bigger ones out.
The obvious answer is they don't.
They're not far off cash in hand are they plus a lorra diamonds in stock?
Perhaps the performance shares were awarded for the most successful company in destroying shareholder wealth.
If they had anything about them they wouldn't reward themselves with shares after such a poor performance.
The directors, the Lesotho government and community have all benefited over the years to the detriment of the shareholders. I wonder how they plan to benefit all stakeholders!!!
Performance shares awarded - what a joke.
At 11m mkt cap and falling - looks like its being priced for total failure
It's quite plausible that Gem could unearth a diamond with greater value than the current mkt cap. It can't be too far off until they get a biggie.
So not going underground now, and mine life in current form 15 years. Wait for diamonds to recover price then bingo...
Dont forget they are sat holding 18m of diamonds to sell...
Be priced in now?
This could be one hell of a recovery play for 2024..
Gla.