Member Info for 100notout

Jstar - Yes I am quite aware of that but even if they got 50% of $18m that is still $9m. I personally feel that the rise was minimal considering they found a stone of that quality and magnitude. Lets face it the present price is near the all time low not the high. The current valuation is a joke considering the company has a history of pulling out some amazing stones. Compared to PDL this looks cheap if you consider they have debt close on $700m and we have next to nothing here. This is being held down for a reason and it's not because it will be loss making. This recent find certainly will not be their last. Who in their right mind would short this share at the current valuation. Something fishy is going on here mark my words...

The valuation of the stone continues to rise, according to 9news one expert claimed it could be worth up to $25m. I hope they are right.

Kozz - It seems rather bizarre doesn't it that GEMD finds a stone that could potentially be worth $18m and only goes up 10%. Lets hope they find some more to see the shorters off once and for all. I assume they are here to keep the price down to facilitate a cheap bid.

I am a patient investor and would like to think that 800 is possible here in the next 18 months. The last time I bought in here was at that price and I sold at 2000 but at the current price it has been oversold. One bad year doesn't mean the whole future will be bad and that's how a lot of companies are being valued. If this was listed in the US it would be above that price already.

Very good Fleecy - you've got to know when to hold 'em, know when to fold 'em...

I will be holding em...

Fleecy - You never know as I am on 23 and me. Apparently I am a descendant of King Nial along with a million New Yorkers and 15% of Ireland and I'm related to a famous American Gunslinger. Just the kind of ingredients you need to be an investor and one that writes on these boards... Lol

MCRO have a lot of customers that will not be going bust well if they do we are all buggered... This looks as though it is being set up for a takeover... This has been oversold for a reason. Wait and see.

boix - Yes, the operative word 'for the time being'...
Brexit is overhyped and just causes unnecessary negativity. The world will not end and the Europeans will have to play ball as it's in their interest to. If BT was listed on the US mkt it would probably be valued at 4x the current price. The problem is that UK hedge funds short UK companies and are heavily invested in the top US tech companies that are now grossly overvalued. Companies such as BT have been oversold and it's no surprise that others will be circling it to take it over as it looks ridiculously cheap. I would prefer to be patient and wait for a proper return rather than a 30% quick increase. My average is about 115 and I am sure that most shareholders have a higher average than this and they will not take a 150p offer seriously...

Broker targets mean Jack. Any investor who has bought in should know what it's worth and shouldn't rely on brokers as in this case they probably have lowered them to help out the potential acquirer. 150 my arse, they can go and foxtrot. I will vote against it as in time BT will be worth a lot more. The UK has been battered by Brexit and Covid. In a few years time they will be history and the UK will be on a better footing and BT will be back to paying dividends.
Now you know who is behind all the negative posts on this board and I have to say it is all rather transparent and I am surprised how some can be taken in with the utter rubbish they convey. I am glad I topped up last week as I don't envisage the shares ever being so cheap again.

According to BMO the diamond could be worth $18m. The current mkt cap here is £43m and Gem diamonds own 6.7% of its own shares. Surely this is the time that they should buy back and increase the holding to improve eps. Are the board asleep, they need to act promptly because even all of the negative brokers have to issue price targets forecasting a higher price as staying with their current valuations will have GEMD on a pe ratio of around 2. Surely they will have to save face and issue higher targets not to look like complete and utter naive imbeciles. I can only assume the previous negative targets have been set to help out hedge funds shorting this or a potential acquirer. It is a disgusting practice and I can't see why investors would follow their advice. Look at jp Morgan having a 500 target on FRES they must be either crooked or stupid. If pdl manages to sell the company which has close on $700m of debt how much would GEMD be worth? At the very least 4x the current price. 31p is just beyond a joke... Think about it if you were going to take over a diamond mine what would you choose a diamond company with virtually no debt which has a history of finding large fine stones which are in demand or a company with high debt which produces run of the mill stones that aren't in demand. I was against Sibanye taking over LMI as I believed LMI had an independent future and thought they were undervalued and were worth more than 20 times the 15p target that Liberum had on them and I was right as now Sibanye are saying that their increased profit is down to the takeover of LMI. Liberum had a price target of 40 on SXX and I think it was even in the 60s at one point but look what happened there. A takeover at 5p... My ****er spaniels would have a better idea of value than the muppets that call themselves brokers...

I wouldn't take too much notice of what he said Dave. He had a 15p target on LMI. I fortunately managed to buy by the shed load in the 40's and I have done fairly well out of it because I now have a good chunk in Sibanye Stillwater which are now 50 ZAR which is over 200p. Gold fields is the only other miner I have and at last they are starting to do well. In my opinion GEMD is dirt cheap and is priced to fail. The current enterprise value is ridiculous and if the market can't see it a preditator will.

Well I suppose they did us a favour bringing the price down for us to purchase more. They were playing with fire and I did warn them that GEMD would find some large stones. Well this find will do for starters and when they unearth a few more hopefully this will put the rocket up it that it deserves and the patient shareholders will be rewarded.

I was erring on the side of caution but if it were to go for over $10m I will be more than happy. That should put the proverbial sock in to the nay sayers with regard to the debt position. I must say Colonel has gone rather quiet...

I think this will be worth north of $6m. Maybe Louis Vuitton will be interested as they bought the 1758ct from Lucara in its uncut state. They are getting big into jewellery now and they indeed could be in the market for GEMD as they have proven track record of pulling out some very large high quality stones. This could get interesting as one thing for sure the mkt cap here is ridiculously low. This has been brought down by shorters and they will be a bit worried as often large stones are found in numbers so don't be surprised if a few more biggies get pulled out. GEMD must be excited about this as they put an RNS out which they haven't been doing for a while.

I have picked up some more today as this looks far too cheap. It would be great if the Board will give something back to shareholders as well as doing more community projects. Surely the Government of Lesotho and the board must realise and concede that the shareholders haven't been rewarded and have up until now seen the share price drift to ridiculously low levels. Either a share buyback or a dividend...

I wonder if the amazing analysts assumed they would recover a 400 ct high quality diamond in their reports. If not I would have thought their predictions would have to rise if they want any credibility...

This has been shorted by the same crew who bought PDL down. I would say they are a bit screwed here. I wonder how many shares they have to buy back and this stock is illiquid. We really could have a real bear squeeze on.

How many other diamond miners have pulled out diamonds of this size and quality this year. I would have thought that it would fetch more that $4m but if it did one has to remember that the mkt cap is only £40m. This is way undervalued and should at the very least be in the 60s.

I would say that this find is decent and it goes to show that they still have large stones. This is way under valued and this will certainly put a dent in for the shorters. They will find more like this and larger. Very good news and like I have said before these large stones are in demand unlike the run of the mill diamonds and for that reason GEM is unique.

I wonder if the rise has to do with shorts closing or funds adding. It will be interesting once 30 is breeched. GLA