RE: 0.375 pence share price30 Dec 2023 11:29
I understand your feelings, though, I am lucky enough to talk direct with management. Here is my take: 1) Like a Us Economy and the saying 'it's the Economy Stupid!', with Diamond companies and explorers, miners... it's the price of Diamonds (rough). The price has fallen in 2023, and so did the share price on all those miners and companies (at same time a lot of costs were increasing). Thus, if you look at rough diamond price and our (other companies such as Lucara, Petra, Gem etc) and you will see a direct correlation. 2) Why mine now, when little profit... meaning , that we are already seeing a turn up in Diamond prices, lower fuel costs, inflation and borrowing costs dropping that are massive parts of mining and it has meant many of those other companies are showing a start to a rising SP. 3) We have Thorny River... that Water license will soon be there and what better time than when Diamond prices are rising... 4) We are in the works for a Joint venture in Botswana, JC knows this is the part we need most. 5) The G7 announcement that real diamonds must have identification (blockchain etc) id going to cost money and time for companies, but ultimately... we at BOD will be able to differentiate from Lab grown diamonds, will be from the best sources of 'quality and unusual coloured/sized Diamonds). Residual values of Lab diamonds or even real bought pre 2023, will find it harder to show where there diamond was from and therefore potential resale value. 6) In a world that has higher Interest rates on loans (even if falling from highs), we are a debt free company. IN all this are so, so many permutations, But... the risk to reward is still there... the SP has not been pulled down by mass selling of shares, quite the opposite. So good news going forward and 10-25%+ JUMPS AND SUDDENLY WE ARE BACK AT 1P.Hold fast, time yet for positive reward, even though it is jittery to see a low SP like this (which the SP has been near previously and rose).
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