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Another interesting article Dave. If Graff have been interested in Gem in the past surely they won't get a better opportunity than now to place a bid. They would probably be successful if they went in at around 48. I will continue to hold as they look extremely cheap and will look ridiculously cheap if they pull out some large stones. At least it seems to be recovering a bit.

Interesting article Dave - I think the beauty of GEMD is that they find large and rare stones. This will hold the company in good stead going forward post Covid. An old school chum who lives in HK said that he knew a lot of people that have been buying precious stones as a store of wealth. Although the lower end of the market will struggle this will benefit from some large finds and the price should rerate accordingly. At least the price and volume has increased today. Long may it continue...

Picked a few more up today as it looks as though it has bottomed. It will be interesting to see what the shorts do. There seems a lot more confidence across the board.

Doesn't look like it's curving down to me. It still looks strong and the rise is driven by extremely high volume.

I have added in the last few days. This looks way oversold and could rise quite substantially over the next year. It looks like a very good risk reward play.

It could even reach 100 today at this rate. I think the management have done fairly well with selling the HQ, rights issue and the focus on online sales. Ted's brand is favourably recognised and they are in a positive cash position. I think the recent fall was hedge funds and their friends buggering around rather than investors selling. This is a good long term hold that should reward the patient.

Ted still going strong. Volume is over 2.5m at 10.00am Somebody wants Ted, I think we should be on an upward trajectory now as 100 is in sight.

It is a quandary but todays volume of 860,000 before 9.00am is encouraging.

On the Titanic...

Another good rise this morning. Hopefully we should get to a more sensible figure of over 100 soon. I wonder if this rise is on the back of shorts closing or funds adding or perhaps a combination of the two...

It is priced to fail and Superdry confirms that its not all taters for store retail.

Hardly a big sell off. Some of these funds I would hardly describe as having a large holding, I have a bigger holding bar the few top ones. If I am correct Hosking partners are a UK hedge fund and they did have a larger holding than 3% and I haven't seen an RNS to confirm a reduction of shares.

Well its just as well that GEMD have very low debt and a history of pulling large and rare stones out isn't it instead of having high debt and churning a lot of low grade run of the mill stones like the other diamond miners.

I still haven't seen a RNS with regards to any large funds selling out... Best to stick with the facts in hand.

Gladstone have slightly increased their short position here which now stands over 2.36%. I wonder if the chancellor will go after hedge funds as they seem to be the only ones benefiting out of others misfortunes. My understanding is that Andrew Bailey may do something about it unlike the useless FCA. The FCA want to 'maintain an orderly market'. FCA are a joke... One only has to take a look at a previous FTSE100 company NMC healthcare, what have they done there, sweet FA.
It's good at least to see Bab recover from its recent lows. I wish I picked up more than I did in the 250s, still anything under 400 represents good value.

Which funds have been selling? There has been no RNS to suggest this. I think you will probably find that only entities which are selling are hedge funds. Most probably the same crew at PDL but you would have a better grasp on that Colonel.
GEMD is a far different proposition to PDL. For starters they have about $650m more debt and haven't been pulling out the kind of large stones which GEMD find. They only need one decent find and the shorter's on here will be toast...

The shorting that has gone on here is sick and using a geeky little journalist hiding behind a so called hidden identity in Panama takes the proverbial. The journalist in question should have been prosecuted if what he was writing was false information. It isn't cricket and if these purblind ultracrepidarian's want to play on a rough wicket they better change their game as their time has come. Look what is happening to Odey...

I am surprised that the largest holders here haven't decided to buy out the remaining 25% and take it private and list in in a couple of years at large premium. Maybe that's what they intend on doing because this seems like it is artificially being held back. Time will tell...

RB - With regards to shorting there is no adhered to regulation. Take PMO they had an undisclosed short of over 15%. The hedge fund responsible should at the very least have had their position confiscated, banned from trading any listed companies in the UK and their trader facing a prison sentence for not conforming to regulations. But hey they forgot to tell the FCA. I don't think people with a 15% short on a FTSE250 would have forgot to tell them do you? This happens all the time. If we had tighter regulation with all positions being disclosed I wouldn't have a problem. This hedge fund in question was operating out of Honk Kong. God forbid what would have happened to them if they did the same to a Chinese company... Unless we have a fair playing field I will continue to badger my local MP because otherwise it's one rule for them and another for the rest off us.

Surely it is better if a director is buying shares rather than selling them! Ruth bought shares at £5 most probably as that represented good value at that given time... If she knew that a deadly virus would appear she probably would have delayed it but in all fairness I don't know if she can read crystal balls.

Every little helps and gives confidence going forward. I wonder if Lockwood will buy more as he bought quite a few last time.