Member Info for LuckyLuciano

...believe you me regarding "no words of an investor coming", in my experience it is better like this. I still remember of Paragon Diamond and its chairman "Philip Falzon Sant Manduca" shouting about having secured finance, for then the company been delisted apparently due to lack of funds. What a jock was that..... Remember the name is"Philip Falzon Sant Manduca" RUN AWAY IF YOU SEE THIS NAME.

Scrap that....have managed to read it on LSE, also available on London Stock Exchange. Thanks

Have tried to download latest Company announcement of the 27th October regarding directors remunerations, but it doesn't work. Is anyone able to post these informations please? I am starting to smell a rat....

Yes good news...a bit annoyed about the claim that they recovered 5 stone larger than 100 ct this year,when actually are 4 plus one 98.42ct , if is that what they refer to. Anyway average grade is on the up and $ per CT as well, if they manage to increase ore treated and large stone recovered, will be a great year. Three +100 Ct stone find in the last month is very encouraging.

Trading update tomorrow expecting some good new on recent sale of large stone recently found. Maybe announcement of more large stone recovered finger crossed. Half year result due on 15th August..... I have read some negative comments on GEMD mostly attributed to the Management incompetence and although they may be partially correct, I suppose the main reason why GEMD sp has been so depressed is the failure of Ghaghoo. In that respect the management has definitely been incompetent, big mistake to switch from a high quality high price per carat mine to a commercial quality value mine. Firestone Diamond is one of those and is not performing so well. Now that Ghaghoo is out of the way I am hoping for a sp recover in the next year or sooner if more large stone are found. Tomorrow we should get news of auction sale for latest large stone recovered, and more importantly news on improved waste stripped, ore treated, carat recovered and grade for Q2, compared to Q1.

Before funding materialise, i suspect there has to be mining permit or license from the Gov. Can't see any bank finalising funds for something that may or may not happen..... I won't invest a penny on STEL till mining permit and finance will materialise.

Big 1 mill shares buy the day before maybe some director buys ahead 0f news.

Still Rld BoD Could come out with a rns to say all is well soon are out sale numbers

some 500k shares a couple of days ago and another 400k today.

Maybe this will explain a little more about RLD been profitable or not in the future...... http://www.thevistavoice.org/2016/04/18/olivierbernard-purchases-1243329-shares-of-richland-resources-ltd-rld-stock/1069857/

Just a moment everyone......been reading your posts and it looks that you are all assuming that the bulk of production will be sold at just above 1$ x Crt, like the lower quality material. I was under the impression that the majority of sapphire we are producing, the one of 4mm and above, were high quality and therefore would command a higher price x Crt. than $ 1.10 for the lower quality/grade. If I am not mistaking,in the last quarter rld changed how it sorted the stones, with a minimum of 4mm size, by getting rid of lower quality material deemed uneconomical. So my assumption is that the bulk of future 3.2 million Crt x year will be .....let say decent quality/grade possibly going for $ 3 or 4 x Crt and 1% will be higher grade. Reading again the financial statement it says: The majority of production falls into the 5 mm and 6 mm size distribution categories and approximately 0.5% of production was 10mm or larger in size. ========== I understand that size is not necessarily quality/grade but I still assume that we are not talking about lower quality material at $1,10 x Crt. Moreover when the board initially sold the first parcel of lower quality material, by using the term LOWER, it automatically made a distinction between that material and the bulk of production. I suppose they wanted to test the market by selling the worst material and the best, so that to have an idea about what can be potentially achieved with the main production........ Time will tell...but I will be deeply disappointed and feeling cheated, if it turns out that $1.20 is the average price they get for our production. Maybe we should get in contact with the board to clarify this issue?????? I am thinking to do so. Regards

Colins 14 we got that.... no need to post it 3 times. Just joking...... thing is we are still in a ramp up stage, and with the progress we are making, 4 million Crt this year 2016 is not out of the question. Also Colins 14 you give $40 as top price achievable but I can see on RLD website that some 2 Ctr cut and polished stones goes for above $1000. I don't think we will see prices in the range of $1.25 anymore (unless the sapphire market crashes of course) From what I understand prices on the 1$ range was for material of lower quality, which we are not going to mine anymore, this staff is near dust sapphire material. 3mm upwards...this is what we are going to produce, so what's the minimum price for a 3mm quality gem? If 3 mm size is considered already profitable, will it be priced at no less than say $3 ? The price range here is huge and impossible to forecast until money are coming in. What we all probably agree is that RLD has the potential to by the end of the year if not before to go past 12p and beyond.

I know is all speculation and no facts, but at the back of any investor mind, there must be this kind of thought going on, so here it is...... I want to start this RLD valuation assessment from its market capital: M Cap. £7.5 = some $10 Mil. Now if RDL was to have a PE of 1, it should make some $10 Mil. profit. Lets now divide $10Mil by the total Crts. produced in one year. Lets consider 4 millions Crt. production, result been $2.5 per Ctr. Production costs are at $1 x Crt. add to that another $1 for Admin, Depr, Tax, etc? Totals price needed per Carats, to achieve a $10 Mil profit would be $2.5 + $1 + $1 = $ 4.5 Crt. Many of this number are variable some on the upside and some on the down side, but just for the sake of it .... Bye

I was not expecting any particular rise on toady news, we knew that crucial info on price achieved for high quality gems is some months away, and even then we would need few parcels sale to have an idea of the average achievable, at this stage of rump up mining. On good reason though for a sp rise today, would have been the much clearer picture on production and grade, going forward, cost per carats coming down and higher production than expected. The thing is that all these positives are noting without the final figure on price achieved for high quality gems, so it looks we have to wait for H1, to have an idea of the true potential...

Not 100% sure Rele My interpretation was that previous $3 cost was apportioned only to material bigger than 4mm, as lower quality gems were still to be sorted at an unqualified cost. But accounting items like administration depreciation and other, can really only be quantifiable at the end of the year. In either case thought the $3 cost with the new $1 cost can not be directly comparable. What we can say now is that after a period of longer production, cost number are more precise, and in my view, $1 is really low compared to the industry. We can say that with this new cut grade there is much more clarity on production and revenue, this is very important for anyone wanting to invest in this Gem of a Company. We can guess that average price per Crt. to be achieved from total production, will be slightly lower (talking about high quality gem) as it is inclusive of 3mm stones, but production will be much higher. On this last point we still have to account for prices achieved for much higher quality gems, the one above one Crt. and which have all the quality needed to command much higher prices. Another consideration to be made is the fact that if RLD BoD as decided to include material of 3mm in the production, it means that they are profitable. Its really an exiting opportunity here for those who like to wait. Now that a cut grade and production rationalization is in place, we will establish a market for Australian gems of which the industry will take note. Our gems will start to circulate among the traders, dealers and the word of mouth will spread. Our potential to increase production is evident, with only 30% of existing licenses accounted for in the Company resources, plus the Australian Gov. willing to give us as many new exploration licenses as we like, in 2 years time our sp could be grow tenfold and more....an opportunity not to be missed in today stock market.

This is an unexpected but fantastic news. So apparently they have changed the cut of grade and the way sapphires will be sorted. In stead of separating 4mm Crt from lower quality, now they will produce and sort only 3mm and above Crt. I was wondering if it was worth to sort lower quality material and this is the answer, at just above $1 per Crt sale price, it is not. What is impressive is how focused RLD management is, in the effort to make this mining company profitable.......I would say very profitable, with cash cost coming down from $3 to £1. This means that a $1 cash cost will be applied also to material of high quality and larger size, the mark up should be massive. On ramp up production, with the change in grade and sorting, now we have a much clearer picture. There is no doubt that this quarter we have exceeded the 250k Crt. forecast. but also in the 720k Crt produced this quarter, we have to include material ranging from 3mm to 4mm, as the 250k estimated production referred only to 4mm and above. What is missing now is the price achievable for high quality material, I am sure that RLD BoD, already have a pretty good idea, of what that will be. One thing to keep in mind is that even high quality gems will have a wide price range, dictated by size, cut polished or rough, and also by market. But hey... at $1 production cost, what ever is the price achieved it can only be profitable good news. It wont be tomorrow but for those that can wait this surely is going to be a great investment. I honestly can't see a point where RLD, would give me any doubt on my investment return.

Thank for the tread i too have them in isa will speak with my broker tdw. I have also tried to contact prg via official website but to no avail. I am worrying wondering where we will get the info from going forward...

https://www.youtube.com/watch?v=mSixr2X_iKE

https://www.youtube.com/watch?v=fI6Kxk7iU30

Happy Xmass and NY to all. We enter the Capricorn month, my birth sing. Looking forward to production increase and profitability in 2016.