Member Info for glenmorangie

Thanks

To the board;

Probably showing my ignorance here but what the hell, who are the owners of the shares held under 'Gem Diamonds Holdings Limited 9 325 000 6.68%' ?

Cheers

Hi 100, I got the figure from GEM website - on website today shows status on 13.August.2024 Sustainable with 21.36% holding (29.830,901 shares), yesterday's holding update states reduction to 23,218,898.

Unless I am reading it wrong.

Looks like Sustainable Capital Limited (largest shareholder) have been off loading quite a few shares recently, circa 6.5 mill. That will account for numerous trades.

Well said 100, couldn't agree more.

and there was me going to sell all my stock on Monday due to hxulcolrdoh insights on the stock - he even knows the future of the Company ' it's best days are behind it'.

Stand up guy with positive MO, we should definitely keep hxulcolrdoh on our radar.

Glen

Just realised on looking through Gems website that 72.5 % (101 million) of the o/s is owned by financial/investment institutions - majority interests over 3% . Beyond that you have to believe there are PIs with a few million squirreled away.

The public float must be very small indeed with only 139 million on the o/s.

Your right crazy that the price is down here - lets see what August 29th brings.

Just realised on looking through Gems website that 72.5 % (101 million) of the o/s is owned by financial/investment institutions - majority interests over 3% . Beyond that you have to believe there are PIs with a few million squirreled away.

The public float must be very small indeed with only 139 million on the o/s.

Your right crazy that the price is down here - lets see what August 29th brings.

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

Notification of Half Year 2024 Results

Gem Diamonds Limited (LSE: GEMD) will announce its Half Year Results for the six months ended 30

June 2024 on Thursday, 29 August 2024.

The Company will be hosting a webcast presentation on Thursday, 29 August 2024 at 9:30 BST. To

attend the live audio webcast please register using the following link:

https://gemdiamonds.zoom.us/webinar

or via the Company's website: www.gemdiamonds.com

Rio de Janeiro, July 28, 2024, SPA -- Minister of Industry and Mineral Resources Bandar Alkhorayef has visited Vale's Carajas Mining Complex in the Brazilian Amazon, one of the world's largest iron ore operations. Accompanied by Vice Minister Khalid Almudaifer and industry leaders, Alkhorayef explored Vale's advanced mining technologies, including remote operations and driverless trucks.

A key focus of the visit was knowledge transfer. Alkhorayef discussed potential collaborations with Vale to share expertise in sustainable mining, particularly in rainforest environments. Vale is renowned for its balance between resource extraction and environmental protection, and the Saudi delegation sought insights into these practices.

Alkhorayef explored opportunities for Vale to expand its presence in Saudi Arabia and potential partnerships to boost production at the Carajas complex, which annually produces over 300 million tons of iron ore.

The visit to Brazil is part of a broader tour by Alkhorayef to strengthen bilateral ties and attract investment to Saudi Arabia's industrial and mining sectors.

News in people

Repayment of Glencore loan

Zanaga Iron Ore Company ("ZIOC" or the "Company") (AIM:ZIOC) is pleased to announce that, following the completion of the block sale of ZIOC shares by Shard Merchant Capital Ltd ("SMC") and share subscriptions by Glencore and Mr Clifford Elphick (Non-Executive Chairman of ZIOC), the Company has repaid the entirety of its loan to Glencore.

The Company is now debt free, which is a positive step in enabling the advancement of further discussions with potential strategic partners.

Clifford Elphick, Chairman of ZIOC commented:

"Following today's repayment of Glencore's loan I am delighted to inform shareholders that ZIOC is debt free. This is key to supporting management's engagement with strategic partners, and I look forward to the management team progressing the next phase of this initiative."

On calculations of shares to be issued / funds raised - there has been approx 28.8m new shares issued/added to the o/s with a issue price of 5.25 p, would give the company approx £1.5 m in funds of which they pay off the outstanding aspect of the loan which is £744k, leaving the Company with approx 750k + 100k (cash balance at end of June = approx £850k in the bank.

Is that how everyone else reads it ?

Hi Tiggy

There is a whatsApp group forum for shareholders that transitioned.

I believe Elizabeth has to set this up for you, after you give her certain info - I think she is only working

a few days a month now.

Not much to say currently, they are trying to restructure loan for funding. The Coal resource is back on the

table now, or so Hanno says. A few interested parties.

Hi Stan, did you sell all your shares before last day of trading ?

Hi,

I got this from Elizabeth Johnson who works for Solgenics

The Company's Depositary Interest Facility will terminate in June or after the cancellation becomes effective. Holders of DIs will be moved to the main share register and be issued with share certificates and you will no longer be able to transfer shares through CREST. It is worth contacting your broker as they may not be able to hold certified shares in which case my understanding is they will forward them to you however you would need to talk to your broker to clarify this.

Hope that helps.

Hi Deanosbooty, what was it she said that filled you with confidence ? Was it a phone conversation or e-mail ?

Glen

Guys, the other thing we have to really worry about is if Ben and the major shareholders try taking the company private. I have been in three stock over the last 6 years. One CEO bust the company by doing a behind the doors closed deal with a large oil producer, selling off all our (producing) assets to them and not publishing the details, then pi--ed off to America never to be seen again. The other is in the process of trying to take the company private (Solgenics SGN) using a major shareholder in the company to get to the pre-requisite % vote. He is mopping up millions of shares at next to nothing after announcement (he already had significant %). Read their PR and ask if you think that could happen here, if we issue 600 mill shares at 1 p to a single investor ?

Unfortunately that's what a lot of these companies do when they get their hands on real assets - raise as much as they can in the open market, each time diluting massively and crashing the price to a level they can swoop in and mop up the required amount (at little cost) to get the required % shares to win vote. They don't give a rats about the normal PIs.

Look what Ben has done so far regards dilution ??? How much of the 3.5 m have we left since the raise in October ??? what's happened to the ra ra ra interviews to sucker PIs in ?

I will add my share holding to the list.

Guys, the other thing we have to really worry about is if Ben and the major shareholders try taking the company private. I have been in three stock over the last 6 years. One CEO bust the company by doing a behind the doors closed deal with a large oil producer, selling off all our (producing) assets to them and not publishing the details, then pi--ed off to America never to be seen again. The other is in the process of trying to take the company private (Solgenics SGN) using a major shareholder in the company to get to the pre-requisite % vote. He is mopping up millions of shares at next to nothing after announcement (he already had significant %). Read their PR and ask if you think that could happen here, if we issue 600 mill shares at 1 p to a single investor ?

Unfortunately that's what a lot of these companies do when they get their hands on real assets - raise as much as they can in the open market, each time diluting massively and crashing the price to a level they can swoop in and mop up the required amount (at little cost) to get the required % shares to win vote. They don't give a rats about the normal PIs.

Look what Ben has done so far regards dilution ??? How much of the 3.5 m have we left since the raise in October ??? what's happened to the ra ra ra interviews to sucker PIs in ?

I will add my share holding to the list.

Thanks Fukurok - just a bit annoyed with the spread cost of 14% . I completed another 2 transfers yesterday (from my stock holding account to ISA) on another stock and it worked out about a 0.5% hit on my holdings, that also had extremely low liquidity. Anyways onwards and upwards.

Thanks fbrj - The previous 2 years I had transferred through Barclays that was my experience using their 'Bed and ISA' but this year (with this stock) that certainly was not the case. Nearly 14% spread i.e lost 14% of my stock. I phoned them up after the transactions and asked what the hell was going on but got the usual shrug of the shoulders response from one of their reps - if that what the system gave you, them are your apples!!
Thankfully it was not a huge amount of stock.

Quick question to the board - to those that have transferred shares from your normal investment account to your investment ISA (held with the same company), how much are you charged or what % of your shares do you loose in the transfer ?

Thanks