Member Info for DusterMan

Steve. I'm invested here also. I see a fantastic opportunity long term....I'm confident debt will be reduced and refinanced and that rough diamond supply cuts, lack of new mines plus old mines at the end of there lives ( 1 huge mine closing just next year) will be good for future diamond prices. Check out HZM another cheap share well worth a punt in my opinion. Nickel prices are rocketing.

I need a new bag for my Hoover, all these cheap shares. Another top up done :)))

I hovered up another 100k shares today. Thats 300k in total so far. Simpley lovely at these bargain prices. :)))

This will finish blue again today I guess, PDL (the beast) is awake and not happy with this minuscule sp. all the time it’s down here I got my Hoover out.

Glad to have you with us Steve, that’s one beastly position you got. Any positive news and this volcano will erupt. We are way oversold here and it’s obvious to see. Good luck :)

Moving up again, I thought it would. This could finish very strong today. Anyone buying now has got themselves a real bargain.

Just a little tree shake to let the 10% folks take there winnings. Then for the next move up. This is normal :) Strong buy, I can see 16p coming....

Just a little tree shake to let the 10% folks take there winnings. Then for the next move up. This is normal :)

Bought by a billionaire for his 7 year old daughter...nice. From the Cullinan mine. A Petra special :)))

http://resourceclips.com/2015/11/11/sotheby’s-sets-new-records-as-blue-moon-diamond-gets-48-4-million/

Lononuk, I doubt it will disappoint once it’s sold, in fact the opposite. Also a price can’t be factored in because you never know in auction ( they will have a reserve price set) something this rare is more than likely sold already without need for auction. Plus the 27 million last paid was some years ago so it could be more than 20 now for this new find....I suppose we will find out pretty soon.

Colonel, they got $27 million for the 29 carat blue diamond last time, so anything between 15 to 20 million for this new find could be easily possible. That’s one third of our market cap...lol

Omg the beast has awoken......dear oh dear. Glad I’m long :))))

It looks like the spring could be about to go....hold on tight folks

I’ve done a fair bit of research on this one, I see it as way oversold. I’ve also accumulated a nice position around these prices and if it drops more I will buy more. I believe we are coming to the end of this fake dip from bellow 20p. Im long term on this and believe this trend will change soon. That’s my view anyway. GLA

A body representing eight leading global diamond mining companies sees diamond production coming down by 33 per cent going ahead with 10 per cent of the production expected to come down next year (2020). A gradual fall in production will also result in better prices for the precious stone.

Australian mine Argyle has decided to close a mine, in which diamond reserves are depleting, which will knock off 10 per cent of annual world production by 2020.

Last year mines produced 150 million carat rough diamonds globally, which was the highest since 2008, when the output was 163 million carat. The all-time high is 177 million carat, reported in 2005.

The drastic fall, which began after the global financial crisis in 2008, is now behind, but with no new mines on cards and reserves in old mines getting exhausted by 2030, production will come down to 100 million carat.

The reduction in production to a third from current levels over a decade means that a diamond would get its “true value”, says Diamond Producers Association (DPA). It takes almost a decade to identify a diamond mine as much time to develop it. Even if a mine is going through in this process, no new production is expected in the next decade.

Nice hammer candle forming on the 4hr chart pattern. Could be a reversal coming

Unbelievable low price this. What's an 0 trade ?

Hi Steve, to find the bottom of a 3 year down trend to the day is virtually impossible, was it £1, 80p, 50p, 30p, 15p, 7p ? You would think now is an absolute bargain and most would agree I think. But something is still pulling on the other end of the scales. I’m sure the pressure is immense now keeping this down. Any positive news and this will orbit. That’s my opinion anyway

Thanks for clearing that up guys, it makes more sense to me now. I'm strong and long here also. In for the long term. GLA

What happens to those 600m of bonds that mature in 2022? Does the whole amount need paying back then? I’m not sure how the bonds work. Can someone post some info....thanks