Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Brokers current forecasts and indeed mine put a maximum price of 39p Previously forecasts from Jun 2012-13 http://www.brokerforecasts.com/companies/GEM however showed forecast of 44-58p. if it breaks through the 40p barrier and it's only 1.5p away i think some brokers will recommend a forward price of 45-50p or even 60p I think word has clearly got out on this share via investors chronicle http://www.investorschronicle.co.uk/2013/11/18/shares/news-and-analysis/news-tips-rolls-royce-thomas-cook-lloyds-banking-aberdeen-asset-management-more-mb48TThYZs59NkSmNx8QEO/article.html
it wont be long before there is the Ruby sale and some good news from the faberge shops, the acution results isn't fully out there and absorbed yet but i feel it may have already been in the price based on the previous auction results, maybe SP can reach 37/38 but i'd call that it for the moment unless we get some nice articles in national newspapers or investors chronicle.
directors didn't seem to fancy buying these shares or exercising options over the past year, I wonder why, I can understand with options that they may be waiting to exercise at a much higher price, but whats to stop them buying shares on the open market as they do seem cheap, doesn't show much confidence in their company i have to say
interesting that the shares originally fell on what appeared to be a highly speculative purchase of Faberge yet now with plenty of variety of high quality gem stones Faberge is the ideal high value outlet from rock to retail, i think that with 10 Faberge stores opened in such a short space of time they are striking while the iron is hot on the heels of their high profile add campaign - will be interesting how soon Faberge becomes profitable - that will be a big surprise as it was losing money hand over fist.
guess who owns 50% of the worlds largest amethyst mine? yup Gemfields at the Kariba mine. http://karibaminerals.com/contacts.html even pallinghurst are in on the action!
evening standard free newspaper even did an article today on gemfields; i really can't see any halt in the rise at 39p with 45p in saleable stones,i think with the numerous press releases with the luxury goods brand under this ownership 50-60p would be a more likely resting zone by end of december.
i bought in at 26p odd and watched them creep down to 19p- the only reason was the auction sales location being restricted by african bully boys. i think the recent action of emeralds bought on the open market was an excellent idea as it shows blackmail wont stop gemfields especially with rubys and sapphires sourced elsewhere. cant see this share dipping below 30p now as all news is good news now - back to 42p here we come and maybe dividends in a year or two, which if price reaches 55p if a 3% divi then i will get virtually 6% i can see this company when they start paying dividends reliably increasing the payout year after year. this share is a real gem
i see the market makers are taking their cut 30-32p spread normally i see a 1p or 0.5p spread but 2p spread? i wonder if the mm's think the spurt is over? if they do they are wrong and they'll have to start upping the bid as no-one unless they were stupid or need the cash would sell these shares now
it was up at 42p this time last year and now it is a much stronger company with many more income streams with ruby, sapphire and emeralds, precious stone trading internationally along with the upmarket outlet. i certainly wont be looking to sell at 42 p this share is a keeper and will be a steady riser with the reliable management team