547Trader22 Jul 2013 21:19
I suspect the auction sale price was just "okay"... don't forget, this was the delayed auction from Singapore. So they probably threw in a few other gems found in the interim. The Zambians want to maximise their slice of the pie. It's not just about selling stones in my opinion. Zambia can put it's name on the global map by allowing Gemfields to wave the Zambian flag from numerous luxury capital cities. Singapore being one of the favoured cities. I think you're right in what you write.... but, I suspect the country will see sense and allow international trade to commence. Either way, I quite like the feel of Gemfields. The whole investment is quite easy to understand, and I can imagine the company growing from strength to strength. I certainly have an exit desire of around 56p.... is it achievable, who knows....but i've faith.