Member Info for Crabbo

My screen showing 188.49m free float

Completely agree. I did email the brokers last week and no response.

Why on earth would you release that RNS?!

Has anyone emailed the brokers?

Even with this low price per carat. The NAV is still around 17p, 99p and 203p based on 29, 168 and 344m carats

They've dumped Bonas?! pretty decent timing.... shame about the average. I'm assuming they havent sold all of the emeralds they have mined so far and was just a test sale....

Just sell some emeralds

I have not. And I have emailed multiple times. Getting very fed up.

ACA Howe report:

they comment on prices of the emeralds from 4 different houses from 1982/3.

from the largest sale of 18,896 tonnes the conclusion was

" Depending on the exchange rate current at

the time, it is therefore reasonable to state that GEM emerald production in the 1983’s, was in

the range of USD $2.30 to USD $3.40 per carat."

the avg growth of emeralds YoY ranges from 6-8% pa. this would value emeralds from the cobra pit at 26.59-39.29 $ a carat

Im assuming you might know something.... ;)

when do you think it will be?

New Auction.

25-28 Nov.

Origin Mixed.

New emerald auction up on Bonas website.

70m cash 80m rebate. Growth from Norway. 15k barrels a day. tax reduce due to storage. debt reduces by 45m due to Balder delay....

AIM? It's on the main market....

HL. Weekly gap up with good volume. This is going higher next week IMO

Do a NAV and you will see the £1 he states

I did this cash flow before and was the same as what we saw in the RNS. Based off $9 a carat. the NAV is:

Net Asset value

Carats Ownership Cost Avg Price Tax $ £ P/S

29 74% $1.00 $9.00 28% $123.61 £97.85 £0.35

168 74% $1.00 $9.00 28% $716.08 £566.85 £2.05

344 74% $1.00 $9.00 28% $1,466.27 £1,160.70 £4.20

Based off Earnings at different ranges od production of carats and different p/e's:

Earnings P/E

Carats Avg Price Profit $ Profit £ P/S 3 5 7 9

3 $9.00 $12.79 £10.12 £0.04 £0.11 £0.18 £0.26 £0.33

6 $9.00 $25.57 £20.24 £0.07 £0.22 £0.37 £0.51 £0.66

9 $9.00 $38.36 £30.37 £0.11 £0.33 £0.55 £0.77 £0.99

Https://www.bonasgroup.com/en/upcoming-events

8-12 of July....

The NAV at $9 a CT for 29m CTs is 35p a share and 18p for $5.

is anyone expecting $5 a carat?

Under those assumptions for 168m its £1.03 a share and £2.10 for 344m.

The cash flow is based off an average price of $5. That is £49m profit after tax. Only on the 29m carats. It moves to £97m profit if an avg of $9. Bare in mind, this is only NAV and not us mining 3m carats a year with huge possible increases in production.

Based off 3m carats a year at avg price of $9 then the P/S is 4p. Gemfields trades at 9 PE....

They will obviously increase production when an Oppy sorter costs £55k.

Hopefully Gemfields puts an offer in for us.

Either or, this changes nothing in my eyes.