Member Info for rick43

The 250k trade at 42.5p reported yesterday was at 2:58 pm on Tuesday 3rd - when the bid/ask was 42/42.5p so it looks to have been a "buy". not a "sell". but I agree, the 100k trade at 15.05 yesterday was at 43.25p when the bid/ask was probably 43/44.75p. However after that trade the bid moved up to 43.25 and the ask looks to have stayed at 44.75p... Including ISDX trades, 34k buys versus 4k sells today so far reported and the mid price has ended slightly up on the day.

" Tiffany & Co. TIF +6.40% said it earned $126 million, or 97 cents a share, in the first quarter, up from $84 million, or 65 cents a share, in the year-earlier period, boosted by strong sales of fine and statement jewelry. " this from http://www.marketwatch.com/story/tiffany-raises-outlook-as-profit-sales-beat-estimates-2014-05-21

useful info. on rubies at http://consumer.gemfields.co.uk/guide/ruby "Today, fine-quality rubies are commanding the highest price per carat of any coloured gemstone, often breaking auction records. Mozambican rubies are comparable with the legendary “pigeon blood” rubies of Burma, which frequently command the highest price per carat of any coloured gemstone."

More than 350k bought yesterday at 41p - very little traded at less than this.

Paultoo - this may help - from the 10th Oct 2013 RNS - "Gemfields plc (AIM: GEM) announces the results of its auction of traded rough emeralds held in Jaipur from 26 to 30 September 2013. The emeralds sold at the auction (predominantly of higher quality) comprised emeralds obtained by Gemfields in the open market from various sources, some of which have previously been offered at prior international auctions alongside the Company's directly mined goods. As such, the material sold at the auction did not include emerald or beryl mined, processed, graded and exported by, or belonging to, Kagem Mining Limited ("Kagem"), which is 75% owned by Gemfields" Gross auction revenues of USD 8.5 million; · Average realised price of USD 58 per carat, the highest average price achieved at any Gemfields auction; · Of the 29 lots offered, 17 were sold, representing approximately 96% of the market value; and · Upbeat market conditions underpinned robust prices for the higher quality emeralds offered

Another top up by me on IC tip and recent momentum.

useful link http://www.faberge.com/news/31-fabergreturnstolondon.aspx did not realise that Faberge has been at 14a Grafton Street since March 2012!

tipped as a buy - Questor today http://www.telegraph.co.uk/finance/markets/questor/10740308/Questor-share-tip-Green-Dragon-Gas-agrees-landmark-energy-deal.html

Eric - thanks for pointing out that the Panmure Gordon target of 186p was for GEMD and not GEM.

Anyone have access to the latest Panmure Gordon research note?. Their old target was 186p as is the new target. (See broker ratings tab above...)

Clearly the 36p iceberg has disappeared. In response to TTC - attractive business plan - lots of potential - why not be long before the first ruby auction....

RNS - Lusaka auction result - record for any Gemfields auction - $US36.5 mill (Previous high was $US31.6 mill - that was in Singapore) Average price of USD 59.31 per carat, a 10% increase on the previous Kagem auction record

Just topped up in anticipation of good auction results from those higher quality emeralds.

because no ramp was intended. Do not overlook ISDX by the way.....

All looking very good in terms of revenues for year ending June 2014. I am now very relaxed about the auction venues. Also the reduction in carats mined in the last quarter is unlikely to have much impact as, judging from the number of carats sold as compared to the number mined over the last 4 or so years, GEM has a good stock of gems to sell....The inventory value is also impressive - see 3 Oct 2013 RNS.

I emailed Dev Shetty a few days ago to ask about the next auction. His reply was "We are yet to announce but most likely first week in March."

for imaginative advertising by Faberge see this mornings link http://www.investegate.co.uk/faberge-limited/rns/the-faberg--big-egg-hunt-to-come-to-new-york/201401290700257371Y/

Ended day with buys at 36p - so much better than yesterday's close. Understandably low volume however. Could well be a second quarter trading update before the end of the week. 2nd quarter was reported on at the end of January in 2011 and 2013 but at the start of March in 2012.

18:31 yesterday 870k trade at 434.25p

Reassuring comment from Fastjet about Zambia - "The Board (Fastjet) see the business and political environment in Zambia as very progressive," The above from the Fastjet RNS just out - http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11836147