Member Info for HOLEEFOOK

Fair enough sityboy .Thanks for that. At least we are having a little rise today, lets hope it holds it. I am not prepared to take my losses on this yet,it still seems very under valued to me whatever issues there are.The assets alone must be worth far more than the market cap.We live in hope.GLA

sityboy/gemdealer you both seem to know a lot about this company,Which I am not doubting as something seems to hold the share price back.If what you say is true then why do you think the major shareholders don't say something? Also I assume you are invested in this.if so why if you are so negative about them. Is there something you think could happen to turn it around.These 2 diamonds in the last month must be worth about £30million alone so surely with reduced costs from the other mine being closed, things could easily pick up.Any thoughts? GLA

Nice £114k late buy.Someone has some faith!!.This share certainly moves fast up or down.Unfortunately it is usually down!! My recent top up is holding up so far..GLA

Although the recent find could be seen as a 'token gesture' as stated previous,it was still found and is worth a fortune.It could also be the start of a 'sweet spot' with more to come.At these levels it's very tempting to average down more as probably my only chance to recover losses.The new Chairman might shake things up a bit also.This seems very undervalued now despite the issues.GLA

Excellent news.We sure needed it given the way the SP has been falling.This may put a floor under it .With the other mine on care and maintenance our running costs are so much lower also.Let's hope this is the first of many.GLA

Apologies, wrong link[not that anyone reads them!] That was meant for the TYM board,another dog of a share!.Anyway let's hope £1 does hold and we start to move up again.GLA

Can't believe this is so low again.Although the results were not great it was widely expected, so surprised it fell so far.It was only a few weeks ago this touched £1.20 plus yet nothing has really changed.If £1 holds think this is likely to go up a bit at least.Despite all the issues this still seems greatly undervalued.The price of high grade diamonds is still good,we just need to find a lot more!!.http://www.indmin.com/Article/3672137/Fluorspar-LatestNews/Fluorspar-prices-continue-to-rise-in-China.html Interesting article.GLA

Indeed.We can kiss goodbye to all our money for sure.Given the track record of PM even those who bought the loan notes are unlikely to see anything.It is a disgrace that extra money was raised to pay off debts to save PRG yet PM will let it go for £16k when he has no doubt got lots of money.We have all been shafted once and possibly twice if went for the loan notes.Vince acted in good faith but he and everyone have been betrayed.PM has a lot to answer for.We all know shares are a risk,but this was a particularly bad case.The ADVFN board has a lot of interesting discussion, for anyone who has not been following it.This maybe the end of PRG but I suspect the debate/anger will go on for a long time.Best Wishes all it is such a shame it should end this way......

Thanks for the link Gemdealer,it was very interesting and somewhat worrying! You would think now their backs are against the wall they will have to get their act together.I am on a big loss anyway so likely to see if it picks up a bit before 'taking my medicine'.Wish I had sold before the results now.This has certainly not been a good investment for a long time.We just need a few of those elusive 'big ones' to jump this up a bit.GLA

I agree.Although not great, were largely what was expected.At least they are really focusing on increasing profitability /cash flow etc now.Although a divi would have been nice I agree it was wise not to pay one at this time. The large impairment charge could be reversed in the future if the small diamond prices pick up.It is still a very valuable asset which they could even sell off in the future.We have suffered this long,I think it wise to wait a bit longer as things could well pick up.I am not ready to take a big hit on this just yet.A few big finds is all it takes!!..GLA

It is hard to say.We know they are going to be a loss, but it's a matter of how much.Revenues should have improved in the 2nd half at least.Depends if any good news on their big projects.This share is likely to come good long term so may be a chance to average down if on a loss, like most of us!!.Unless any big surprises my guess is on a small drop. GLA

I was surprised to see a current post,I just looked on the off chance.The last I heard was the email of 10/1/17 which said PRG were still going,still awaiting finance etc.How many times have we heard that? As you say it is now clear Mothae has gone and lemphane appears lost so I think we can assume it is effectively all over.It has indeed been a sorry, awful ordeal for all us shareholders.It all started so well,with such high hopes.I have lost big on this [for me] and many have lost far more.This certainly was a lesson on how dangerous AIM shares can be and how we should not always believe what we are told etc.It is all such a shame,but what can we do.Take care all

Indeed.But without tempting fate,the SP is going UP for once!! Not sure why particularly or whether it will last.!! Final results cannot be far away now.GLA

http://www.thisismoney.co.uk/money/investing/article-4143608/MIDAS-UPDATE-Gem-Diamonds-prepares-add-polish.html Make what you will of that.GLA

http://www.thediamondloupe.com/articles/2017-02-21/low-value-rough-diamond-imports-india-surge-jan-polished-exports These are the type of diamonds from Ghaghoo so hopefully it won't have to be closed for long and it's value will not drop too much. Maybe they would consider selling it at the right price.Will not be long until the year end results.Maybe then will get a clearer picture of how things are really going and what the future holds.GLA

Although it seems a shame to put Ghaghoo on care and maintenance,it is obviously a good economic decision and should stop the cash burn/improve profits.The SP has not reacted too badly [yet !] as I think it was largely expected. We need to start finding some whoppers in Letseng,that is the only thing that will get this moving in the right direction. GLA

http://www.thediamondloupe.com/articles/2017-02-08/alrosas-january-rough-diamond-sales-highest-indian-cash-crisis This could help our position.GLA

http://uk.advfn.com/stock-market/london/gem-diamonds-di-GEMD/share-news/IN-THE-KNOW-Panmure-Gordon-Expects-Gem-Diamonds-T/73779615 They would say that!!.Let's hope so.GLA

You are right.Our cash position has always been one of our main strengths.It makes you wonder if the reason they didn't get Mothae was they did not want to get over stretched.In terms of production it would have made sense as that mine is also known for large specials.[Now Lucapa have got it] As you say they really need to look at their whole expenditure/operations and try to get back on track.Maybe they have got a bit complacent over the years, and whilst finding lots of big diamonds they got away with it.Maybe March there will be some real shake up.Certainly not been a great investment here for some time.GLA

Indeed.Just as we were starting to move up a bit.We really need to start finding more big stones or there is a danger we will slip back even further.Also their other mine with smaller diamonds is a drag on the SP. I suppose that is the risk of diamond mining there is an element of luck as to whether you find a lot of big stones or not.Recovery of the SP may take longer now. GLA