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Another positive RNS. Great turnaround story here.
"This is the fifth diamond that has been sold this year at a price in excess of USD50,000 realising a total sale price of USD500,000.
Mike Houston, Executive Chairman commented, "The continued and improving regularity of discovery of high-quality stones underpins the potential value of the Project and the effectiveness of our recent improvements in operational practises. I look forward to updating our shareholders on further developments at Kareevlei as we continue to implement operational initiatives to optimise the performance of the mine."
https://www.investegate.co.uk/bluerock-diamondsplc--brd-/rns/sale-of-7-63-carat-diamond-for-usd-52-000/201908190700054096J/
A rising tide lifts all boats.
"In a nutshell, the movement towards meat substitutes and vegetarian options is gathering steam – and it should not pass investors by."
https://www.investorschronicle.co.uk/shares/2019/08/15/buying-into-the-plant-based-revolution/
Another insti has been buying in, taking a 4% chunk of the company:
https://investegate.co.uk/agronomics-limited--anic-/rns/holding-s--in-company/201908121251037489I
What counts is how well the company is doing and if you check out the slide on page 10, "Q2 2019 - Excellent Results", it's clear that there is a real turnaround going on here with all key metrics increasing significantly. And that's all despite the overall diamond market.
Watching the Chairman and CEO, there's a real sense of optimism and the guidance is a positive outlook for production and growth.
Coming from a low base and with such a small market cap of £2m, if the positive trend continues then there's significant potential price upside from here imo.
In the presentation a couple of weeks back the CEO states that the company is making good headway despite this:
"I'm sure for those who are following the diamond market they'll understand that the market is a bit depressed. But even in that depressed state, we continue to have an upwards trend in terms of our value." - from 11:23
And on the "Value per Carat" slide:
- Noticing an upward trend in the average price per carat as production increases (Q1 2019 USD371 Q2 2019 USD430)
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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
"I can see the profits of BlueRock actually doing quite nicely going forwards."
"A tiddler to watch"
And of course the big risk in not being invested is that in such an event you miss out on a huge potential rise. The shares get suspended and then on re-listing there's a massive gap up.
It's a recurring pattern that has happened a few times before and there's a very good chance it's going to happen again in the near future.
A deal of some sort going to happen soon imo.
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"North Sea dealmaker ready to raise acquisition stakes as shake up in area continues"
"RockRose Energy boss Andrew Austin has said the firm is in the market for more bumper North Sea deals..."
"Weeks after RockRose completed the $140 million (£112m) purchase of Marathon’s North Sea portfolio, Mr Austin said the acquisitive firm had the firepower for bigger deals and would not hesitate to use it if the right opportunity arose."
“Every deal we’ve done so far has been bigger than the last so watch this space,” said Mr Austin."
https://www.heraldscotland.com/business_hq/people/17815650.north-sea-dealmaker-ready-raise-acquisition-stakes-shake-area-continues/
BBC 2 this evening, 10:30pm
https://twitter.com/BBCNewsnight/status/1159550194448556032?s=19
POW holding KAT continuing to move up strongly.
"We think that there is strong chance that prices will continue to grow and, therefore, Katoro Gold with its dual gold and nickel focus seems to be a very good investment option.
Power Metals has exposure to 5.9pc of Katoro through the 10m shares it owns already and a further 10m warrants at 1.25p just above the current share price. We consider there is real potential for the share price of Katoro to rise significantly which of course will benefit the balance sheet of Power Metal Resources."
https://miningmaven.com/component/rsfiles/download-file/files?path=reports%2FPower+Metal+Resources+Haneti+Report+August+2019.pdf
Further coverage in report from POW which has a holding in KAT:
"We think that there is strong chance that prices will continue to grow and, therefore, Katoro Gold with its dual gold and nickel focus seems to be a very good investment option.
Power Metals has exposure to 5.9pc of Katoro through the 10m shares it owns already and a further 10m warrants at 1.25p just above the current share price. We consider there is real potential for the share price of Katoro to rise significantly which of course will benefit the balance sheet of Power Metal Resources."
https://miningmaven.com/component/rsfiles/download-file/files?path=reports%2FPower+Metal+Resources+Haneti+Report+August+2019.pdf
KAT coverage in Proactive today:
"All told it adds up to a whole lot of upside for comparatively little outlay. If, say the Katoro price moved on exploration success, the read-across to Power Metal would be straightforward enough. A 10p Katoro share price would translate to £1.9mln on the Power Metal balance sheet, roughly the value of the entire company at the moment."
https://tinyurl.com/y37ddczn
"Teichmann's extensive experience in mining operations is expected to significantly de-risk the Company's mining activities and allow BlueRock to meet its production targets in a cost-effective manner."
"The upgrading of our mining operation is key to the overall success of the business and having an experienced mining contractor is an essential part of this process. I believe that our partnership with the wider Teichmann Group will provide further benefits going forward as we continue to implement our defined growth strategy."
https://www.investegate.co.uk/bluerock-diamondsplc--brd-/rns/teichmann-contract-signed/201908060700129748H/
EK buying in today by the looks of it:
https://tinyurl.com/yytfvh7l
"I paid 9.25p for Agronomics (LON:ACIN), the chairman’s challenge to Beyond Meat (NASDAQ:BYND)(capitalised at a trivial $10bn). It is very unlikely that the vegan/vegetarian fad has stopped. Indeed, I think it is gathering pace."
https://tinyurl.com/y3vgota8
EK a GPM buyer it seems:
https://masterinvestor.co.uk/evil-diaries/evil-knievil-all-to-play-for/
"And we wanted to make absolutely sure that we were not going to be coming back for more equity unless it was for something special later on in the business."
https://ukinvestormagazine.co.uk/bluerock-diamonds-presentation-at-the-uk-investor-magazine-summer-investor-evening-18th-july-2019 - from 2:01