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What's the deal with selling the rights issue i can't see how we would get any money considering we don't own the shares.

It means they are going to offer you 3000 shares at a price of 197 each costing you £5910 and you will then own 3500 units.

Thankyou Here's Hopin

Is this calculation correct ? Current mcap 188m + 274m post RI = mcap 462m, based off of value of holdings at 40p or mcap 188m + value paid for RI shares, I've calculated the sp post RI should be 283 (calculation as a result of current value plus RI value paid ÷ total units post RI) with an mcap of 462m. Can someone please tell me have i got the mcap/sp correlation near enough correct, so for example post RI if at some point in the future sp hit 849 mcap would be 1,386m or if sp hit 141 mcap would be 231m.

Hi Cookie could you explain further please, if the RI is fully underwritten meaning the underwriters take up any shares leftover how will there be an overhang of shares, also do they buy them at 197p or less?

Does anyone know when the next trading update is please.

Can't work out best way to proceed, opinions please.

I have 2083 units at 217 average with no intention to average down. 2083 units equals 104 units post consolidation 104 x 6 = 624 RI units available at 197 per share equals cost of 1229, unable to work out whether to take this or not.

Q1 Where should sp/ mcap go to after consolidation ( i estimate 820p) RI?

Q2 Has Synthomer got buyers for any shares not picked up by current holders? ( Can the RI fail = not enough take up)

Q3 If i took up RI what would Sp average / mcap average be?

Thankyou

Is it true Gem spent 85 m to bring this mine to production, had it operational for 2 years, and then closed it in 2017?

Some of the operational problems seem solvable if the right minds got to work on it, any opinions on Gem borrowing 30m to get Ghagoo started again,it would be interesting to see them attempt such a thing.

Good news, at least we know when, but i expect profit before tax to be minus 8.4m with the loss attributable to holders of the parent, minus 5m, diamond prices are at a low point so we just have to wait for them to recover.

Cannot find any news economic or political to explain the falling sp, also diamond prices haven't fallen enough to account for this either. Any explanations, didn't see anything in the accounts that indicated the ship could sink quickly.

What im trying to work out is the Nationality of top Shareholders and political risks in relation to them. If they have any ties to Politicians/ Government.

Thanks Sotolo

Who are the majority shareholders ?

Please discuss. If 54k ct sold at 1,400 = 75.6m - 10 m Royalties and selling costs, - 63 cost of sale, ( if cost of sales same as H1 22), - 5 m corporate expenses = -2.4 m underlying EBITDA, depreciation and mining asset amortization - 4m, net finance cost - 2m, loss before tax = 8.4m, income tax 0,

loss attributable to non controlling interest - 4m, loss from discontinued ops -1m, loss attributable to holders of parent -5m.

Please give opinions on these numbers and expected Q2 average sale price and your expected H1 profit/ loss.

Q4 561,624 ct sold for 49.9 m = 89 usd per carat, this figure doesn't make sense?

Mcap does not reflect assets, revenue and profit high percentage of Mcap for the upcoming H1TU, i expect they have utilised the credit facility, expect average sale price to be lower but we should see lower costs aswell, sp may move a bit lower but reversal will occur soon if not on a fundamental basis then on a technical basis.

Positive news and evidently on track to put out good FY results, we are to see net debt reduction of around 120m through 2023 and 2024. Sales up over 10% on 16 week and 42 week 2022 comparisons, there is upside here and that also includes any surprise bids for assets.

Net Assets 65bn, deduct 19b deferred tax asset and 27b goodwill = 19b Net Asset Value, thats all this rubbish company is worth.

Does anyone know when Q2 TU is and when is the next dividend?

2016 low of 77p, EPS 5c, Net assets 200m.

2017 low of 73p, EPS 22c, Net assets 228m.

2020 covid low of 32p.

2023 low of 76p, Estimated FY EPS mid/ high 30 with estimated FY Net assets 700m.

Dilution of around 10% has occurred but this still puts current valuation into perspective.