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Gut feel Mr horse, let's see...
Why 12p specifically, a random.number?
A dull update and this has 12p written all over it.
Ive only got 20,000 shares, but will double down at that level.
I think the stock market as a whole is going to be down for the next 2-3 years, then the cycle begins again, thank goodness for 6% on savings and rental rises!!
They did have a potential buyer at one stage. It did drag on for quite a time. Not sure if we have ever been told that they are no longer interested.
Not too sure te Ghagoo but it was certainly a poor decision to aquire it! The Q1 update was very non descript in terms of details, wonder if we can expect the same for this one, the devil could come in the detail when H1 results are out in September.
Is it true Gem spent 85 m to bring this mine to production, had it operational for 2 years, and then closed it in 2017?
Some of the operational problems seem solvable if the right minds got to work on it, any opinions on Gem borrowing 30m to get Ghagoo started again,it would be interesting to see them attempt such a thing.
Good news, at least we know when, but i expect profit before tax to be minus 8.4m with the loss attributable to holders of the parent, minus 5m, diamond prices are at a low point so we just have to wait for them to recover.
A bit apprehensive after the selling tbh....I imagine it won't be pretty reading? Let's see..
About time!
Sorry, should read H1 (Q2)
Only a few days to wait for the news!
They need to get the Q2 update out ASAP
Totally agree with you Dave. It just doesn’t feel right.
No news is the problem I think, where is the Q2 update??
Cannot find any news economic or political to explain the falling sp, also diamond prices haven't fallen enough to account for this either. Any explanations, didn't see anything in the accounts that indicated the ship could sink quickly.
I was thinking the same thing earlier today. Hope there aren’t bigger issues which we don’t know about.
Wonder when the trading update will be announced, they have usually put the notification out by now?
Thanks Dave, have been looking at GEMD and GEM as the latter pay's a divi but GEMD share price seems to move more
Depends on whether they have enough surplus cash in hand, they do not pay regular dividends, manly one offs
Hi, does GEMD pay divi's as cant find if they do, i saw they used to pay them early last year
Celebrating a big pink find maybe?!
Open pit mine life to 2040, they can continue to mine open pit or if the underground proves more cost effective take that route too. Another option is to diversify, with M&A...let's see...this could be a biggie at current market cap....must be sniffers around....
Freedom, not sure that H1 2023 P+L is the game changer here just at the moment.
Take a read of the Chairman's report earlier in the year and see how many times he warns about the risk of being a single asset company with an existential problem .
If they cannot afford to go underground, or the numbers do not hold up, then it's bye-bye and thanks for all the fish.
Think around $70m in sales, re prices yes approx $1400 per carat I expect. Unsure re H1 profit/loss though...to be revealed soon...should get an RNS confirming the publishing date soon, usually mid August
Please discuss. If 54k ct sold at 1,400 = 75.6m - 10 m Royalties and selling costs, - 63 cost of sale, ( if cost of sales same as H1 22), - 5 m corporate expenses = -2.4 m underlying EBITDA, depreciation and mining asset amortization - 4m, net finance cost - 2m, loss before tax = 8.4m, income tax 0,
loss attributable to non controlling interest - 4m, loss from discontinued ops -1m, loss attributable to holders of parent -5m.
Please give opinions on these numbers and expected Q2 average sale price and your expected H1 profit/ loss.