Member Info for jscapper

graham
The diamond quality is one of the top 10 in the world. Why do you keep saying this? Maybe you are confusing the quality with the amount in each ctht?
Look at the price per ct and compare with other diamond producers.
90% of our diamonds are D clarity Gem quality. hence the hige value attribured.

uNkwnTrader

Wrong it was a buy

MM's are really good at playing on the weak and impatient. How many shares have been sold? To warrant this price. Since 1st may more have been bought than sold.

Since April 1st on AIM we have had

Buys 38 Million

Sells 28 Million

In that time the sp has declined by 20%

I agree with most of what you say. However, I do not see a sell off. In fact the buy sell ratio is in favour of the buying. The MM’s are very good at managing low volume shares in a quiet period. Look closely at the tradesman the way movement can be seen on small sells which is not reciprocated with buys. People are selling at a loss. Why? Lack of patience or “balls”.

Not sure they will not need more funding. However this should be limited as I believe they are near to breakeven. For me the 2019 projections are important. Also I would like to see some accusation for the longer term once the profits are stable.

Thanks Connie. Have a great rest of your trip.

Sound a great place to visit. I have been looking on the internet at some pics of the area. Hope they make you welcome. Maybe let you dig up a few large stones.

Projection update could be out at any time for 2019. After my last com with AW I believe they now understand the concept of under promise and over deliver. So hopefully that is being taken into account this time. As for the large stone's from the top layer I was surprised. However, the evidence is their for all to see in the $371price per ct achieved in the Q1 figures. Large Diamonds come in clusters so we will have to wait for one to be hit. Remember though that now we have a 16ct stone others up to that may not be subject to a special mention. Lets wait until we find a cluster of 50+ ct stones. in the real kimberlite. Now that would be a nice little earner.
Also worth remembering that it is more likely than not that these stones would be of GEm quality ain the D colour classification.
Looking forward to any snippets Connie can share with the group after his Kinberley experience.

My glass remains Half Full.

Hope you have a great time. Weather looks set fair.

Do I remember correctly that someone is going on a visit to the mine around now?

Now I had a little topup today but it was not that 9 Million @ 0.29

looking strong again. They will take 5M shares again.

Could I also suggest we look at the Q1 figures which may imply that they sold stones not from Q1 a possible lower value packet inhand stock not sold in Q4 2108.
42409 tons yielding 1847 cts would give a ctht of 4.34 not the 3.41 quoted

Sorry G-W I have $292. You need to take the ct of the large stones from the total. Then I think we agree.

Yes. Please look at earlier post where I stated this would give an average price of just over $300 per ct.

I must apologise, to our long term posters, for last nights rant. But my blood boils when I see posts which are only out to spread fear in investors minds. It irritates me when I see words written with no foundation or evidence. When just a small amount of research will discount the protestations as unfounded myths.
So, for my penance I have done a little bit of work on our diamonds and the relationship to the quality of other South African diamonds.
Why do our diamonds command such a high value per Carat? (one of the top ten in the world) The answer is in Colour and ratio of Gem quality Diamonds found within the pipe. The best diamonds are classified as D colour which is totally clear. These command the highest price and are quite a rarity. Infact most mines do not have any or few D quality diamonds. For example, FDI Firestone have found very few hence the price per Ct for there diamonds hovering around the $70 per ct mark. Of course, if you do have a mine or pipe with this type of diamond then they tend to show up in a sporadic nature. Most mines produce less than 10% Gem quality stones and of these only a small number will be D colour.
How does Bluerock compare with this? Well we have 90% Gem quality stones form our mine with a very high percentage of these being D colour. Hence our run of the mill (no large stones) price being $300+
What happens to the price when we find a large one? We have just received $9000+ per Ct and $4000+ per ct for 2 stones. Need I say more.
Will we find ay more of these large stones? The nature of how diamonds are formed is reflected in the quality of kimberlite. These stones were found in diluted kimberlite or near surface. As Mr J noted this is unusual. Hence the very exciting time ahead. Large stones are usually found in clusters as can be evidenced in PDL and yesterday’s announcement from FDI.

I remain very excited about this quality mine which is a producer on the cusp of profit. How many other medium tier diamond miners can say that. Let alone have the proven quality.

I worked out that if you take the money taken from those 2 large stones away from the Q1 figures . You get an average price for the rest of the packet to be just over$300 per ct. which fits in with previous tenders for our stones.

So do you now understand about the types of diamonds which can be mined and the difference between Bort and Gem quality. What is a D class diamond?
I thank you for showing yet the importance of research and knowledge in investments. Your embarrassing post has earned yourself a spell in the bin.

You really need to do some homework before you post drivel. The diamonds we have are an exceptional quality. Our run of the mine stones make $ 300. This price move upwards exponentially with size.
FDI are crap stones 90 of which are industrial quality. 90% of our stones are Gem quality.
From your other posts her in the past I really think you understand this and are just trying to be mischievous.