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Personally I care not whether there are large stones present, if we're making the target forecast regardless. I can't see this SP staying low once we see further proof of the increased output in the coming days.
Looks like the price per carat at BRD is likely to be sustained over $500 for some time to come. With the increased production we should be seeing revenue upwards of $1.5m per month this quarter
The numbers don't lie....we're looking at a P/E ratio of 0.5x or less for this year onwards. Once these numbers start getting confirmed there's no way the SP can stay as low as it is. Hopefully an announcement on shareholder returns should be forthcoming this year. Capital expenditure has already been taken care of so at the current rate of income it should be fairly easy for BRD to start paying out their market cap each year in dividends and still bank half the profits.
If the figure of 22,000 carats for the year is confirmed it's hard to see how we could avoid being in profit.
I'm still looking forward to seeing end-of-year figures very soon which should show we are now well into profit.
By the sound of it only the mining operation has paused, while the actual processing of material for diamonds is still continuing using the stockpile of material already mined.
Hopefully if they can deal with the H&S issue fairly quickly it should mean there is little or no impact on diamond production for the year.
As an LTH myself I've stayed out of the debate until now. I'm always happy to hear another point of view if it seems genuinely held. However, after all this time LiamBooth's incessant negative posting can really only be explained by 'Short & Distort.'
Anyone who claims to be a holder could end up with a negative view of a stock they hold, but a normal shareholder would not feel the need to spend a large part of every day thrusting his negative views upon anyone who will listen.
I therefore have to conclude that LB is indeed a shorter (which is a fair enough game for a volatile stock like this) - so us genuine holders should not listen to anything he says.
Now filtered.
SP is becoming too good to be true for long. Have just added a few.
Slightly surprised to see a small drop today. Looks like one or two people may have sold this morning after an RNS that looks bad at face value but in fact is really good news.
If the culprit has been found and sacked, that should be the end of the matter and it looks like the accounts will be finalized next month. Once they are published we can expect to move out of the doldrums and back to a more realistic valuation.
POG is heading up again and the new drilling campaign is turning up some great potential increases in resource size. Hopefully as Brazil starts to recover from its terrible covid scenario we can expect to see the SP rise again towards 150p.
Good to see production is swinging back towards pre-covid levels. Looking forward to this returning to the 117p of last year, then onwards to twice that price as Coringa gets closer to production. They already have the processing plant there!
Absolutely matstar, the next few months should see a big switch into profitability and with the new circuit being brought online by end of May we should see some great leaps forward in H2
"Watkin Jones recovering strongly
Institutional demand for build-to-rent apartments is booming. That's good news for Watkin Jones according to Simon Thompson."
https://www.investorschronicle.co.uk/ideas/2021/01/19/watkin-jones-recovering-strongly/
I'm no fan of AP. Having been here for years I've had to endure his endless promises and vague RNS's that rarely come to anything. But I'm not selling.
For one, we're FINALLY in production with a commodity that's in short supply. Second, I have to acknowledge that just last month he managed to get a bunch of investors to fork out $6m at 0.132p. Those investors have better resources than us PI's and must have calculated that there's an easy profit to be had here. They would not have invested without a near-term target of 0.16p or more as a bare minimum, with lots more potential upside if things really work out.
Based on this, there's no way I'm going to give up my shares at the current price.
Indeed... turnover of $15m per annum by second half of this year
The SP is an absolute steal right now, but we're weeks away from a big rise. The price was depressed all last year due to difficult covid conditions in SA but we've already seen some impressive advances on the mining plan during the last quarter, and if the further advances in production turn out as planned in H1 we should see a 4-bag from this point within months.
Out of all my holdings this looks like the one most ready to bag in the shortest time period - first news is due in the next few weeks with Q4 results, news on the crushing circuit and construction of the new plant. This stock has a very small float so the SP has a tendency to drift for a long while and then surge massively on news...the market is just waiting for confirmation that the planned increases in production are being met.
If you look at the Mcap vs NAV here, the value is astonishing. The company is looking to make a profit (conservatively) of ~$50 million over the next 10 years, on output of $150m+, and the current Mcap is just $7m.
Costs are under control because production is farmed out to Teichmann and all the while the resource estimate keeps on increasing, so there's even more upside on the potential profits to come.