What’s happening?10 Sep 2021 20:22
I am not as knowledgeable about this company as others and also please take the following comments as my opinion, not advice. If you are new to investing, my first comment would be don’t put in more than you can afford to lose. There are also lots of people who post on these chat forums deliberately intending to mislead people.
This company has several mines. They are involved in rubies, emeralds, gold, platinum but mainly the gemstones. They also own Faberge. They trade shares on the London Stock Exchange and in Johannesburg.
The price of gemstones has been increasing. This could be due to people having more disposable cash as holidays have not been happening like they usually do. Recently 5% of the company was purchased at 50% above the market price by a mining company. You would have to come to your own conclusions about why this happened.
Gemfields will announce some financial results on 23rd September.
I hope this is an accurate and unbiased summary but please do check for yourself before investing in a company. Good luck, I hope you’re successful and enjoy researching.