Member Info for glenmorangie

that's exactly what you do marcus filter, bots obviously has an agenda, wither its their own or acting on behalf of something else, who knows who cares.

we know why we are invested here and what the potential is, do not give them the satisfaction of responding to some half ****d post that they make, that's what they live for, sad when you think about it.

Between Guava shares and public float account for 79.907,593 + 285,000,000 approx = 364,907,593.

This represents approx 45.6 % of what will be the new o/s 799,810,228

Maybe the new Consortium didn't want any unknown/known 3rd parties picking up to many shares in the open market in the short term. Who knows.

Glen

Does anyone think there is any significance in the company locking in Guava for 6 months ?

Obviously discussions have been had, they did not participate in the fund raise thus their % stake has reduced.

Just wondering if they have been told that it is going to be worth their while to hold through the first 6 months because there is high expectations that major mile stones are going to be achieved and thus significant increase in share price is expected. Got to be some reason why they are willing to be compliant on this condition.

Lock-In and Orderly Market agreement with Guava

The Company and Guava Minerals Limited ("Guava") have entered into an agreement (the "Guava Lock-in Agreement") pursuant to which, subject to certain exceptions, Guava and its connected persons has undertaken with the Company not to, and to procure that its connected persons do not, dispose of any interest in any ordinary shares held by it or subsequently acquired after the date of the Guava Lock-In Agreement, for 6 months following First Admission. After the period of 6 months from First Admission, Guava has agreed to only dispose of ordinary shares held by it in accordance with certain orderly market provisions for a further period of 6 months. In the event that First Admission does not occur by 14 March 2025, the Guava Lock-in Agreement shall lapse and have no effect.

Has anyone seen any updated tweets from AT ? we are close approaching on the 2 week mark, surely they are not going to leave it to the 11th hour again to update us !! The closer we get to the 18th without a positive and meaningful update the more nervous the market/everyone is going to get. IMO

AT: Tweeted, "Look forward to seeing you at #ZIOC’s investor event on Tues 18 March at 5pm. Strategic partner process and project development strategy updates will be announced in advance. Major development milestones already being delivered on port and power. More to come sooGLA

3 February 2025

Power MoU signed with CEC

Zanaga Iron Ore Company Limited ("ZIOC") is pleased to announced that ZIOC, and its 100% subsidiary MPD Congo, have today signed a memorandum of understanding with Centrale Électrique du Congo (CEC) SA to evaluate potential solutions to supply the Zanaga Iron Ore Project's power demand, leveraging CEC's existing assets.

CEC is a private power producer based in the Republic of Congo, owned by the Government of the Republic of Congo (80%) and Eni Congo (20%). With an installed capacity of 484 MW from its assets located in Côte Matève and Point-Noire, CEC currently supplies more than 70% of the country's electricity demand, benefitting from the vast gas resources developed by Eni Congo.

Under the terms of the memorandum, the parties will assess the technical, economic, and legal aspects required for power generation and distribution for the Zanaga Project's needs for its Stage One operations, allowing it to reach a production capacity of 12 millions tons per annum of iron ore with a view to further expansions.

Think it might mean Buy Out

For comparison

Fortescue tables takeover bid for Red Hawk

Fortescue (ASX:FMG) subsidiary FMG Pilbara has proposed to acquire all of Red Hawk Mining’s (ASX:RHK) shares via an off-market takeover offer.

Under the offer, FMG, which has a market capitalisation of $57.91 billion, will acquire the company for $1.05 per Red Hawk share, which represents a 28% increase to the last closing price of $0.82 per share.

The consideration per share will be increased to $1.20 per Red Hawk share if FMG obtains a 75%

interest within seven days of the offer being open for acceptance. The increased offer price represents a 46% premium to the last closing price.

Red Hawk, which has a market capitalisation of $163.84 million, notes that the offer implies the company has a fully diluted equity value of $254 million.

BDO Corporate Finance Australia was engaged to prepare an independent expert’s report, which concluded that the offer is fair and reasonable.

Blacksmith DSO Mineral Resource Estimate for re-interpreted orebodies – Blackjack, Champion, Delta, Eagle and Paragon1

Tonn(m) FE % P % SI02 % AL203 LOI

Measured 66.6 60.2 0.094 4.64 3.05 5.44

Indicated 168.2 58.9 0.085 5.85 3.49 5.49

Inferred 8.6 59.8 0.104 4.09 2.35 7.24

Total 243.4 59.3 0.088 5.45 3.32 5.54

Hi hxulcolrdoh, that is your view and absolutely entitled to it.

The Diamond mining industry has had a rough time over the past few years with market prices for Diamonds

plummeting and probably a good bit of mis-management. I have worked in a few industries where this happened.

The companies that will survive and thrive are those that are willing to look at their business model and make smart

decisions about their operational costs and debt structure.

I believe GEM has been focused on doing that for the last 12 months and will begin to reap the rewards over the coming years, it will be a bonus if their is an appreciation in diamond prices.

As stated before, we shall see if GEM can turn this around to profitability, if achieved then an increase in share price should follow.

Thanks for that amazing and totally unbiased opinion Hxulcoldoh, you seem to know everything about mining.

According to you, all mining companies in the world are a pointless investment or is that according to Mark Twain ???

We shall see when the Annual accounts come out.

My main ambition for GEM is that they continue to reduce costs and debt, as detailed in last PR, which will lead

to net book profits, the share price will follow suit after that. Hopefully we may also see rise in market prices for

the larger diamonds.

Meanwhile put up with manipulations of the share price by the MMs

So a 10,000 % spread on message board expectations.

Could you put me in for 70p Shelter 5%

Glenmorangie

2 months since last significant find, not that it had any significant impact on the price previously.

Lets hope theirs a very big find in our future and 4th quarter revenues are in line with forecast. at least.

Hi Mitch

On their website you find it under Investors / reports

This is bloody ridiculous, down 8% on results like that. totally manipulated market.

Looks like a pretty good 3rd quarter, lets hope the trend for 100+ c finds continues to year end.

GEM DIAMONDS LIMITED

Q3 2024 Trading Update

Gem Diamonds Limited (LSE: GEMD) (“Gem Diamonds” or the “Company” or the “Group”) provides the

following Trading Update detailing the Group’s operational and sales performance from 1 July 2024 to 30

September 2024 (“Q3 2024” or the “Period”).

Highlights:

• The highest price achieved in the Period was US$45 537 per carat for a 10.98 carat pink diamond.

• 26 617 carats were sold during the Period (Q2 2024: 24 422 carats), generating revenue of US$42.7

million (Q2 2024: US$34.8 million) and achieving an average price of US$1 603 per carat (Q2 2024:

US$1 424 per carat).

• Six diamonds sold for more than US$1.0 million each, contributing US$22.6 million to the revenue

for the Period.

• Five greater than 100 carat diamonds were recovered during the Period bringing the total year to

date recoveries of greater than 100 carat diamonds to 13.

• Carats recovered during the Period were 24 678 (Q2 2024: 25 366).

• Four greater than 100 carat diamonds were sold during the Period.

• All operational and financial metrics are trending within the revised guidance issued for 2024.

17 October 2024

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

Notification of Q3 2024 Trading Update

Gem Diamonds Limited (LSE: GEMD) will be releasing a Trading Update for the period 1 July 2024 to 30

September 2024 on 23 October 2024.

Hope it is not the MMs bringing it down because they know or are expecting another o/s subscription at lower than current share price. We did not have a lot of cash to play about with, at latest update.

The company either has to announce a new o/s subscription or some sort of buyout/partnership activity soon, you would think.

Glen

Don't you just love 1st time posters, that take time out to spew their negative unfounded calculations and rhetoric on a stock they don't own. I suppose you go where your told to go.

That's 3 diamonds in 2 weeks over 100 carat, 12 this year

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

Recovery of a 126.21 Carat Type II White Diamond

Gem Diamonds Limited (LSE: GEMD) is pleased to announce the recovery of a remarkable

126.21ct Type II White Diamond recovered at the Letšeng mine in Lesotho on 6 September 2024.