Member Info for redwineday

A big bluey would be welcome, anytime soon. That said in this market would probably send the SP down.

All miners tanking....tango man on the rampage again..

Rus­si­an miner AGD Dia­monds' most re­cent rough dia­mond auc­tion on the elec­tron­ic sales plat­form of its trad­ing sub­si­di­ary, Grib Dia­monds NV, fetched over $25 mil­lion. The com­pany noted an in­crease in de­mand for dia­mond goods and a pickup in the dia­mond mar­ket. AGD com­men­ted that the prices they achieved rep­res­en­ted a ces­sa­tion of the de­cline in av­er­age prices and that the first signs of mar­ket sta­bil­iz­a­tion are now tan­gible. The com­pany said it ex­pects a full re­cov­ery of de­mand and rough prices in the second half of 2020.

You see what you want to see and I include me in that but I just don't see a bid or at least not based on the SP movement or lack of it and the mysterious trades. A bidder would have to have one out of the two big holders on side. Moving relatives small amounts of stock around wouldn't achieve anything would it? Unless you know that one of the 2 groups will says yes at certain price.
I agree that it all seems a bit strange, no SP movement on good news, no CEO market communication, apparent share shuffling etc but a bid I don't see a bid unless its Waha and from what I see on their website they seem to be investors and not owners.

With all that said there will probably be an RNS in the morning - lol.

Surely we would see TR1's?

shorts closing?

Look a the value of the trades, its really chump change. MMs are tree shaking. I think thats all it is.

Just cant see how a takeover can work unless Waha want to take it private. If thats the case they can have mine for a quid a share ;-)

I think this is significant news. Given the lack of movement this morning on the back of this seems to me to indicate that the traders have moved on. If Petra report similar or better at the next update I would be disappointed if it didn’t give the SP a good lift.

Good news form last Debeers cycle.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AAL/14305404.html

holes= holders - doh..

I don't see this. Very illiquid stock with large holes who have a higher entry point. If those holders believe that there is long term value through consistent divisions then they are unlikely to sell. My only caveat to this theory is maybe Waha could take it private?

I’ve complained in the past that communication here has been poor. Now I’ll eat my humble pie now and say well done to Mark for bringing this in. It would be good to see him celebrating his appointment by buying some shares!

I think the real kicker will come when we have either new news on exploration results or they mention a divi prospect. So maybe at FY results.

After a spike today it’ll go back to sleep for a while I’m sure.

Wow insightful comments .

For those of you who are trading this then best of luck. For anyone investing you must be mad. 1bn market cap for a company that is losing 135m, has been bust 7 times, is borrowing money to fund its operations at double dig it rates and who will have to keep finding more money to fund its future capex (like all car companies). Let’s say the SUV would need to be ball buster success to get anywhere near the valuation of this business. At 150k and up into a saturated market good luck with that.

Looks like a buy....somebody believes in something!

I would have thought a take out be an easy pitch for the banks to make to one of the big miners or as you say PE. Lower financing cost, say half, you add 35m to he bottom line, Duffys plan implemented way another 35, other cost savings (Head office, sales consolidation etc,) another 15 and you are at 150m FCF at today’s prices. Factor in a price recovery of when, not if and it could be 300m per year by 22. My view this will happen sometime soon or when the market has stabilised. This share will never get back to where it was in the middle of the year. It will get taken out. Assets are to good to miss for someone looking to buy on the cheap.

Yesterdays RNS on M&G increasing their stake says to me that they think there is a takeover prospect here. Why would an ii increase an already macro exposed position. I think the name of the next chairman will be interesting and maybe a strong signal in this regard. Also remember Duffy is and Anglo finance guy. I can't believe he would not be thinking about this if he believes its a more valuable proposition than paying >7% interest costs ad infinitum to banks.

26 trades!!

Some selling going on over the last days. Punters getting nervous over the lack of news?

Last 2 updates have said 'discussions ongoing'. I guess this is a write off. priced in already. Cost of doing business in Africa unfortunately. If they get anything from it it will be upside.

Just bought some more. If the world doesn’t go to hell and you are prepared to wait a year or so. On the first hint of diamond prices stabilising (from DeBeers) and this will fly.