Member Info for 100notout

Commissioning of the DMS will be in October so not long to wait.

I would expect the next catalyst for the increase in the share price to be the Bougouni resource update. Anything close to 50mt and this has to test previous highs.

Hainan may have a pop of a takeover in the quiet summer months, they must feel like having ago with the price so low.

The plant is being shipped in three lots and then when it arrives it will have quite a journey to get to site but once it arrives it shouldn't take long to assemble. If it arrives before September it will be ahead of schedule. Next month the mining pre strip commences and then if all goes to plan the commissioning of stage 1 DMS starts.

Hopefully in the meantime we will get an update of the resource at Bougouni and what would be welcome is some meat on the bone at Nielle.

You should know Groupie. Let's hope Roger the Cabin boy is onboard. Master Bates has been a long term holder...

Don't panic. The ship is called the Black Pig and Captain Pugwash is at the tiller assisted by Master Bates, Willy, Barnabas and cabin boy Tom.

I'm assured the cargo will arrive safely so just relax and have a great weekend. :)

Labour also sold off the gold reserve at about a tenth of the price it is now. Not the best of moves...

It's a pity that Bernard isn't a politician as what he says gets done although we would miss him at the rudder of this ship. In fact he over delivers for his shareholders which is a rare quality. He is straight forward and to the point, if only politicians were more like him we would live in a better world.

The foundations look spot on to me for the purpose they are meant for, lets face it they are not building a shard on it. I would ignore posters which say otherwise.

There is lots to look forward too and the updates so far have been informative of the progress to date. Exciting times.

Problems with Eskom have forced them to use generators but with crude falling it will help with costs. It's great that they have found 7 large stones greater than 100ct but let's not forget they discovered the Lesotho Legend which sold for $40m. You never know they could find another one as they certainly have found a rich vein.

It's rather surprising the directors aren't getting their cheque books out and buying at this level.

They have found 7 this year. They are obviously hitting a rich vein.

The share price does matter as it shows that the market is completely out of sync. They have found 7 impressive diamonds over 100ct and the market cap is less than £20m. Gem is on the end of market manipulation, the best way for Gem to fight this off is to take advantage and use the sale proceeds from at least one of these stones to buy back shares.

I did say they come around like a No, 9 bus. Let's hope they can find a 500ct plus as that would really make them rocket. The shorter isn't going to like this news.

Spod prices could trade within that band for a while but Hainan will be looking at where spod will be in 3+ years time, perhaps multiples of todays price. Also if the next resource update is circa 50mt, it doesn't mean that this figure couldn't rise even more down the line with more drilling.

So far the cement is in, the plant is on its way it's just down to the weather which will be the determining factor in the start date. Hainan must be thinking that now is as good as anytime to pounce. The closer we get to production the more the share price will rise. It's certainly going to be an exciting run up to production and you never know we may hear some news on the gold front too. We should be hitting new highs soon.

There hasn't been any news on the licence transfer but Kodal have all the permits in place to mine. Perhaps Hainan aren't too bothered by this as it's probably their intention to purchase the remaining stake in Bougouni. This would then mean a full takeover of KOD to secure the licence. I would be surprised if they haven't discussed a takeover with Bernard and a price he would be willing to recommend to shareholders. I would hope any offer to start with a 2.

Quite right Laverda, Canaccord have a 1.85 target which was increased after the resource update to 31mt. They will surely be in the 2's with the next resource update.

I suspect broker valuations to increase further when more detail is put on the bone with regards to the gold projects. Getting a maiden resource on Nielle would be great for starters.

Don't be dragged in guys. Some posters really aren't worth engaging with.

Perhaps Gem should start a share buy back at these levels considering the recent large finds. It would be the best use of funds right now to increase eps.

I think if holders have any doubt they should just take another look at the interview from yesterday. Bernard was relaxed and happy as everything is going to plan. Kod could be on a the end of a takeover approach so people selling for 0.65 might be a bit miffed as an offer would at the very least be double. There is bound to be a bit of turbulence on the way as traders come in and out but we are only marginally higher than Hainan's buy in price. Considering everything is on track and judging by Bernard's excitement with core samples we are bound to get a whopping resource increase. I take these dips as a buying opportunity as I have faith in the company and more importantly in Bernard.

Great update...

Bernard seems very confident and happy. Everything going to plan and on time. He is doing a fabulous job for his shareholders. Thanks Bernard.

Asos is online and Ted was mainly bricks and mortar. When Kelvin left Ted is was never the same, he was the passion behind it. Add in that the target market is very different and what thy had to offer were clothes for young professionals, covid changed the demand as they swapped from smarter clothes into hoodies etc as they were working from home. The turnaround is happening here and no doubt it will continue with an improving economy and lower interest rates.

You don't work for Ashley do you Roberto? He would love to take over ASOS for £4.50 but it's not going to happen.

At some point the market will take notice. If not Gem will have a takeover approach or perhaps a MBO might occur. Stranger things have happened.

The only curve you want to be interested in, is the inverted hockey stick curve which is possibly in play now considering we are due a bumper resource update and production due to commence in a matter of months.

Also Kod could be taken over for a premium or sell its stake in Bougouni to Hainan. Bernard is sure to do his best for shareholders. This will certainly be an interesting time to be a Kod holder.