Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Could be a unhappy major investor we know there is at least one loaned out some shares to a shorter to draw in a hostile predator my preferred option . Or the board doing something stupid .or just lack of interest who knows.
Firestone was unlucky to start production from the new plant just as diamond prices started to fall 2017 aprox then covid .so went into care and maintenance to save cash .so is viable .though probably to much for gem with firestones dept .be great if a major scoped both of them up .but gemd share price action tells me that’s not happening
If there were a merger I could except gems recent share weakness .but going forward there would be a stronger company that may gain some market interest .let’s face it if they don’t grow there going nowhere long term . Has to be something like this going on to explain share price weakness in a strong diamond market.