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250,000 shares at 0.944 looks to be the last lot before the tick up. Fingers crossed it looks like Shore Capital are well and truly dry so good riddance!

Should be done by June

Its interesting how I can only get a quote for 200k shares but can sell up to 1m in 1 go!

We were at 6p before pulling out a single stone in Australia! Very wise coming in at the moment when we will no doubt be having positive news flow.

Indeed, there is little value going forward in Pallinghurst imo as many PI's will look to exit. Small losses for a bigger gain is always how the situation should be perceived; Smart block buys are relentless at RLD, and considering this is the quarter for profitability you can understand why. Im only referring to RLD on the GEM board because they are in the same industry and so may be of interest to PI's hit by the proposed Pallinghurst deal. All the best for the future.

Is coming in at the moment ;-)

The time may have arrived for GEM holders to realise where this is going and join the RLD party :-) With RLD on the brink of profitability with considerably less overheads it could be a very wise swap, as apposed to being trapped in Pallinghurst!

Indeed Faberge was a very very shady deal and adds no real value to Gemfields portfolio: without it we all know GEM would be a successful profitable machine. It would be wise for GEM holders to sell up and buy into RLD :-)

Indeed you are correct, nothing is concrete there so its all rather :/ at the moment. I still am confident we will be gobbled up once we prove up profitability. Once the premium sales streams are established it will be pretty much a cash cow (relative to MCAP)

Trades around 0.84 yesterday were buys, there are strategic people buying up liquidity, if Shore Capital weren't fighting so hard to keep this down then we would be at prices multiple of the current price imo.

Looks to be delayed by a few weeks imo

Price manipulation going on with Shore Capital who are trying to keep the price down.....

Yep saw that earlier today and it has cracking colour and saturation, a pleasant surprise! Interesting they re-tweeting faberge...... they are owned by gem fields and we know the past between these 2 companies, I have no doubt they will be sniffing once we reach profitability :-)

Something very interesting is going on, there is a lot of block buying :-) Then again, this is the pivotal quarter that could, and is very likely to propel us to new levels in terms of profitability and share price.

Hi again, yep had a nice break in the sun. With regards to the figures not a problem, we all make little errors here and there :-) With regards to the wastage variation when cutting, these figures of 80-90% are usually given by those in the industry to over-estimate wastage to clients so cover their own backs, this was common in the Jadeite trade which I was heavily involved in as a hobby you could say (which although different is still the gemstone industry) so cutters would rather over-estimate then under-estimate. Q1 2017 sales had more clarity with regards to sales composition we previously had sales of cut and polished stones that were bundled in with previous total quarterly sales so don't have those figures available unfortunately, but I can safely say that $35 ish per carat is very low and will be slowly increasing as revenue channels increase. If we team up with TV sales channels they will demand a lot of the lower quality cheap stones so that could be a very interesting partnership for us in the future. We are still at the teething stage with regards to maximising revenue from produce and I feel we can make a lot of progress there.

Well we had a MCAP that was over £12m (around 6p) In early to mid 2015 and I had a research note seeing further upside from those levels that I need to dig out. We have a very large resource which can last us many many years and remember this is a known sapphire jurisdiction that produces very large stones so its only a matter of time before we find that golf ball sized sapphire that could change the fortunes of the company over night. Thats the beauty of this game.

Apologies for the late response, I was on holiday. Now to address your points for a) & d) the sellers are not the placees, but the broker (Shore Capital) who took a chunk of the placing and are using them to regulate the share price and provide liquidity to meet the open market demand. With regards to point b.) your figure of 80-90% wastage is over-estimated and is more in the 60-80% range depending on the shape of the stone (chosen to minimise wastage) and once heat treated the colour saturations increases and so it isn't like diamonds where the cut is strategic to reduce/eliminate visibility of inclusions etc. In my opinion the larger rough stones should be stockpiled for sight sales as good quality large rough commands very strong prices. Your figures for ct produced are considerably off to me, we have inventory at the end of Q1 of 2017 of just over 1.6m cts, with total production of over 4.2m carats to date, if we use a highly provisional 1% gem quality with 30% yield that would leave potential cut and polished inventory of around 12,600 carats. In my opinion the stones sold to date are not the larger cut stones that we are stockpiling which are far more valuable (up to 1000 per carat), the wholesale buyers are more likely to buy the smaller more commercial stones up to 2 carats for example, considering this the figure of $35.2 per ct of fully beneficiated material is a huge under estimate. At present grades are increasing and costs are coming down so we are close to profitability. Once we find the correct avenues to sell the lower quality material to cover the OPEX then the higher quality material will be the source of profit, as is the case with other coloured gem producer. Everything is falling into place fingers crossed.

The last of the placing shares manipulating the price, back in the penny range will do morale a huge boost, we have inventory of cut and rough stones which dwarves our current MCAP, once this does what we know it will do Gemfields will obviously want in as it will massively compliment their portfolio.

I have no doubt this will be a 1000% plus return from these levels, this quarter is massive for the resource estimate (benefits from R&D grant) and profitability, im looking forward to it!

Im currently away and have been since yesterday so im bitterly disappointed that I was unable to top up yesterday at 0.7, although I did buy 1m on Wednesday so all is not lost.