Member Info for Alan-by-the-sea

https://ukinvestormagazine.co.uk/bluerock-diamonds-presentation-at-the-uk-investor-magazine-summer-investor-evening-18th-july-2019

https://ukinvestormagazine.co.uk/wp-content/uploads/2019/07/BlueRock-Presentation-09.07.19-.pdf

Main discussions on Regular Share Chat for BRD.L

Agreed Angela, the decline of the £ (GBP) has already been a tailwind I suspect, to use a horribly over-used phrase but I can't think of anything better :-)

But Stringer's reply is equally true, longer term when possible autumn events are done and dusted and compromised, any currency returns closer to its true value based on demand and supply, and the GBP may be higher longer-term. I sold one FTSE-100 holding for that reason but was only proved right for a few months by another, and no longer so!

Such things are probably a bonus or slight setback to PIs that even professionals find hard to predict, as they inter-relate also to the strength of diamond demand around the world, where the quality of BRD's best output has shielded it from the market pressures seen at two their mass-production competitors, judging from the presentation. (Put simply, rich people are still willing to pay for quality).

Some local costs at the mine are of course in South African Rand (ZAR) which at USD-ZAR 14.2125 as I write this has been remarkably typical of the average over the past year (source Reuters).

Still important Strudel, provides a firm mid-price valuation for the first time during the present share structure after the consolidation - at 72.5p mid-price it's £2.362m when rounded, good progress.

Yesterday was pleasant for very few here, except perhaps for those who got the fundraising off the ground complete, if any of them post here! But like quite a few other PIs yesterday I have professionals to guide me, with yours truly as the final decision maker, albeit the analysts have no guarantees either and work on the same information as us, plus face-to-face meetings. If we wanted close-to-certainty and a nice +4% likely at the end of 12 months of holding we wouldn't be here :-)

My first reaction was an emotional response, but I do hold FTSE-100 and FTSE-250 stocks in vast majority that sometimes verge on the boring, or the annoying when good performance is eclipsed by Fed interest rates. So after reflection and discussion as above I surprised myself with a decision to average down (a few hours too early with hindsight):
29-Jul-19 12:54:03 0.090 2,800,000 Buy* 0.085 0.09 £2,517
For those newish to such matters, averaging down consists of an existing holder buying shares at a lower price for all kinds of reasons - especially during bear markets like last December - to get the overall purchase price down in anticipation that the dip will only prove temporary. My grounds for doing so are possibly worth unemotionally summarising here. I believe this to be the factual RNS promises provided so far plus a summary of one market view amongst many:

The Environmental and Social Impact Assessment (ESIA), approval process is expected to start in mid-August and take up to 45 days; early discussions with the government should stand it in good stead to enable this timetable to be achieved. With the the Engineering & Mining Development Study completion on a similar schedule, Kodal should be in a position to lodge the Mining Licence application shortly after. Yesterday’s placing supported by Suay Chin International Pte Ltd of Singapore (KOD’s major shareholder), as well as existing holders, new investors and the BoD and senior management, which reflects a significant level of confidence amongst insiders. Amongst those who assess such things all the time, I am told that Kodal appears cheap amongst a subsector of battery metal development peers, positioned for rerating once automotive majors kick-off the competition for long-term offtake agreements for lithium and other core minerals.

Otherwise I'd have been out and moved on long ago, having being bitten by small companies with increasing debt burdens in the past. You will notice that I've marked this posting "Buy" not the "Strong Buy" of my other postings from Friday onwards (BRD and BGEO), I can only add to my holding because personally secure/debt-free after decades of hard work and able to take on a small degree of extra high risk/potential high reward.

Fred, it's probably nothing to worry about, perhaps just adminstration by Barclays a bit slow, after the consolidation last week (see thread below RE: Explain BRD).

This morning my own broker still had the old holding as nil value AND had added the new one in the line above. This evening the "out-of-date" low value version of the BRD share (bought at 0.12p and then 0.1375p) has disappeared and the "new" higher value version of the share is showing at the midprice of 71.5p. There are technical and audit reasons why this has to be done but they're not of much interest. If the current version of the BRD share isn't showing soon it would be worth an email to Barclays to find out, the longer name for the new version of the share is BRD.L GBP0.05 ISIN GB00B84H1764. Good luck....

Afternoon, previously announced consolidation of shares, 500 old ones that you sold equal one new one. 0.12p-0.13p that you quote would be shown today as 60p-65p. There advantages to this as discussed here earlier but in principle there is no alteration in the value of anyone's individual holding at the moment of the change HTH

Thanks uNkwn, kind of you. And thanks wider, I watched your posts and those from Connie for a time after I obtained BRD. I let the broker make the initial AIM buy choices now, that's what he's paid well for, actual action on his ideas depends if any funds can be easily accessed at the time, in my mind AIM may reach 10% of portfolio max. I'm also attempting to be seriously involved in larger cyclicals in the counter-intuitive way, hence extremely renumerative TW. went out and paper loss LOOK (notably @ 36.6p-53.2p) is "in" in quantity and a few PDG are in hopefully at the peaks of bad news - though only after surprisingly satisfactory PFC experience (all sold now). Private investors have IMO to develop different niches - often medium term - to professionals who can momentum-follow within a fraction of a second and buy/sell on news impacts quickly also. Good luck with your own holdings, especially this one!

Even better value this week, though the unfortunate news affecting its competitor shouldn't justify taking money out of Georgian investment en masse, or rather if it does the enlightened can potentially take advantage if temporary. Particularly as the rule of law in Georgia is clearly showing its hand and no BGEO earnings or officers should be affected negatively. Whatever the graph I should be nicely compensated long into the future.

I made my first BGEO investment 15 months ago as I like the earnings for my GBP, the Georgian GNP rise annually and good reports in person from Tblisi by my former manager. Also I will only rarely invest in UK-focused banks after being burned and seeing risk/reward profile at present. After timing things well for BGEO on 18 and 26 June I topped up yesterday after a little top-slice SIPP/ISA profit-taking in GLEN and recycling back into BRD, AV., BGEO, PDG - and what was left back into GLEN (no stamp duty) later in the day, the BGEO were:

535 @ 1496.985p £8,008.87 @ 11:11
500 @ 1473.4645p £7,367.32 @ 13:45

Even with normal market size (NMS) of 1000 shown on this site, the market-makers didn't want to part with the stock easily on the first deal, I had to come back after a short time to organise the transaction on PC. The stock is IMO a gem that only a few private investors find and research, most is algorithmic trading by professionals, curiously often with very little done early, I assume that it time-zone related.

Yes, avid reader so saw this change coming so didn't order the penthouse too early.....

I got into BRD in the placing on 22 May, and topped up yesterday after a little top-slice SIPP profit-taking in GLEN and recycling back into BRD, BGEO, PDG - and what was left back into GLEN (no stamp duty) later in the day:
25-Jul-19 10:26:06 0.138 1,000,000 Buy* 0.12 0.15 1,375
(this would be 68.75p today....)

To be honest, as much as anything, I was curious as to whether such things could be done on the PC rather than on the phone during placings and broker calls, and I had the self-discipline to press the accept button for anything below 0.14 (70p presently).

I know that some weak holders were encouraged to escape at a small profit at 0.13p (current 65p) and hopefully they have now left, so that we can wait for better rewards. (With around 0.8% of the company I could up like Mr Gibson having to issue a TS-1 if carried away!). The capitalisation is described by my company broker as absurd, though due to own position it's not able to make a recommendation on the share. I have been to Kimberley in former era (not to the mine), but haven't dug down for full analysis, if you'll forgive the bad pun :-) As far as I can see and other members may have such things better to hand, we have mostly cash for our holdings, and the mine and its hard-working staff and enthusiastic management and all those quality reserves almost for free. The downside is of course the overheads, if the new hardware can get those down as well as the fantastic extra production in place we're winners, so long as random events don't strike. The old kit and other poor decisions/former management seem to have caused the earlier sad downward spiral before my time, with production revenue insufficient to cover costs leading to the drastic action this year and the prospective turnaround that has every chance of succeeding. Certainly it has the most positive aspects of my four AIM holdings.

By the way, Connie sorry I wasn't there yesterday, 400 miles by train yesterday wasn't the most enticing prospect, thanks for representing the investors here, and for making this board a factual and pleasant place to come to compared to certain others. Members, please remember that good results and reversal of the graph take time to build, as all that rock is processed and the message above is propagated wider, yet RNS with news of the current quality will still not be every week or even every month.