Member Info for Happytom

about time too - this is looking a little less like a plaything and more like real share movements based on the underlying value of what we are doing. I think that JP is a little low on their valuation, particularly with the new crushers now on line, and evidence emerging that we've stumbled upon another decent grouping of gems. Alongside the new policy of taking a stake in the polished stones, we're back on track. GLA Happy

Thanks for the thoughts. A lot of years ago, I was advised to sell Rio Tinto. I declined and actually took shares instead of cash for the divi for a number of years - turned out to be a wise decision, and I'd do the same with GEMD in a heartbeat. Costs in mining and other large scale operations (rig building!) always run in cycles, generally rising behind the curve of commodity prices. The market finds its level eventually, and if you take a long term approach you wind up happy!

there isn't really - couple hundred thousand shares out of 80M issued is really just noise - people want in / out all the time for a variety of reasons, and for PIs, their brokers all charge different spreads, so you see a range of prices.

Has just been broken. This really makes no sense - costs are controlled and production is improving. Bernanke thinks that the US is firmly on path to recovery, oil increasing on the back of that - perfect storm is brewing for a step change in the markets to find a new base level in the main indices. Wish I had more spare to pile in!

Welcome onboard - depends on what timescale you're talking about really for a valuation. Medium term, there's no reason that I can see as to why it won't get back up to 5.50 by middle of 2014, as action has already been taken to aid that marketing (and ultimately sales) play, backed up by technology spend. Short term, it's anyone's guess really - yesterday was a big over-reaction, but will have burnt a lot of fingers which may slow the retrace. Best guess is we'll bump around with 5-10% swings day in day out for a couple of weeks, then a slow recovery will start to form, but there's a big gap to fill, so a lot of instability on the way up. GL, and that's all my opinion so don't bet your house on it! Happy

Auction for next big stone is due, and the last one is being polished so that share will come in too. Spread is tight, so I'm guessing (hoping!) that this isn't talking much more now.

Taken in line with previous commentary, I'd actually say that this is a pretty positive statement - OK, below where they expected to be in terms of sales / momentum from last year, but we know that they are doing what they can to address it, both in tech development and marketing spend. 30% drop is a major over-reaction, so I'm buy buy buying.

all the more reason for this share to rise for the next re-shuffle! Alternatively, there may be a truly massive buying opportunity over the next couple of days as the 250 trackers retreat from here.

Been looking at the figures on GEMD (not something that I usually do, just trying to figure out why the low volumes and why we are slipping down for no apparent change in the fundamentals. I'm drawing a blank, but noticed that there are virtually no shorters, and there have not been for a long time. To me this means that none of the big guys think that this is heading south, so why are we going that way? Ideas on a postcard please! Thanks Happy

About time too - and a smaller one for June, plus share of finished gem. Lets get back to business.

Are we finally breaking out of this malaise and getting back on track - about time the share price started to reflect what the BOD are doing and the success that we're seeing!

Am I the only one that finds it refreshing that he's actually saying that he's disappointed? Having followed this for too long, I would say that the worst case of the settlement is already priced in (large drops in Oct and Feb coincided with announcements about it not being resolved) - I was hoping for something more definitive to say that the landlord has finally become bored and will take anything to finish this and start letting it again, but there may not be any prospective tenants to fill that, so they aren't hurrying.

Anyone know what's happening here today - 8% changed hands already, or is it just one of the funds adding this in as good value?

no surprise there - nothing has changed since this was sitting pretty at 550, I'm buying all that I can at this price, straight into my long-term portfolio - only pension I'm going to get!

Probably more options - divi is due sometime in the not too distant, so they have to buy more shares first, and price is irrelevant if the company is paying it.

Hmm, my guess is that there is disappointing but significant progress on the outstanding lease, and the outlook is good - why change the habit of a lifetime Graeme!

What's happening here - consistent large falls on tiny volumes - should we all be topping up on the back of blatant price manipulation, or is there some bad news lurking?

Is it just me that finds this sort of thing ridiculous - the old board behaves massively irresponsibly, possibly even fraudulently (director sells prior to the info being released last year, as already discussed to death on this board), and the justice meted out by the FSA is to take more money away from the shareholders! Why is it not possible to apply sanctions against those responsible instead?

lets hope so - got stung by Gem early in the week, but diamonds have always been a long-term hold for me. Still expect the usual summer slide, and we're not as high as usual for this time of year, but the dollar is having fun as well, so if it moves, we move against it!

Not adding to my confidence in this share - USD / Rand is the highest it has been since the USD collapse of Spring 2009, and we're approaching yet another US financial crisis that could well end in more stimulus measures (I could read this wrong - the rest of the world seems to think that the dollar should be strong at the moment!). If we drop down to a longer term exchange rate of between 8000 and 9000, then can we ever get out of this cash burn situation? I jumped out a while ago as I was worried about the possible nationalisation issues that appear to have been resolved, but the resolution has made long term production costs very high, so I'm cautious of entering again.