Luckily i bought into gemd Oct 20 at 37p so my average is 51p Still expecting 80p plus looking forwards and a dividend rise 2 more big stones by end of year
Please note that the cash on hand of $10.8m and net debt of $11.7m at the end of September (Period end in the IMS) excludes $37.3m of the September sale receipts. These funds were received in October. We reported the Q3 sales as $48.3. If the funds were received prior to the Period end, the cash on hand would’ve been $48.1m resulting in a net cash $25.6m.
Not confident VAST can fund purchase as in freefall and raising cash to survive Post from their site I do not hold Vast. Who would? But I do hold BOD which is a well-managed company whose management do not treat shareholders as their piggy bank. Watch this space but VAST are not able to pay the £4M and will default to let BOD and a partner take it from them.
The Letšeng mine is renowned for its production of large, top colour, exceptional white diamonds, making it the highest average dollar per carat kimberlite diamond mine in the world.
So gemd sold a 254 carat for $40,139 at start of the year so even without factoring in the rising market we have at least $15M from these finds By the wa keeping my shares I bought at 51p and just added some more at 63p