Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
EMS Group get a free listing on the London Stock Exchange. Someone in Africa gets the diamonds. Shareholders in GSR get nothing except a share consolidation.
.0138 ouch.
Shares sold since the last time someone bought this crap on 23rd June. Guess most people from this bb are out now including previous prolific posters.
GSR also has an additional 125.37 carats of rough diamonds which have been shipped from Sierra Leone and arrangements are currently being made to send them to Mumbai for cutting and polishing and subsequently for sale in the GSR Diamond Club. After cutting and polishing the diamonds will be individually and objectively appraised for market value (reflected in its sale price) and then recorded at the lower of cost or market value. Exports...finally. However, 125 Ca is far less than was announced previously so there seems to be some stones missing in SL. Where are they? Why are they not reflected in the inventory in the accounts?
The diamonds have to stop disappearing before self sufficiency can even be considered. Where are the diamonds that were announced previously? Why have they not been exported and sold?
Actually, I believe it's going into Cyril's back pocket
Emma, are you Ng's partner 'Bonnie' Wong or her relative?
Emma Wong is a Cyril stooge. Ng and Cyril have clearly come to an arrangement (despite their court action) and Wong is their agent. Don't be fooled. This is about taking over GSR at the expense of existing shareholders. What a stink.
There really has been some rubbish written on here today by the newcomers. There are certain facts that tell you all you need to know about GSR and why you should avoid it. The concept described in the listing document was to fund exploration by selling processed stones found during bulk sampling. It was claimed that this would minimise the shareholder dilution experienced by other similar alluvial explorers. GSR has NEVER exported (never mind sold) a single diamond that they have found themselves. The ones that were sold (and the remainder listed on the inventory) were part of a 400Ca packet of rough stones that were purchased in SL at around the time of the IPO and then processed in Europe and Mumbai. They were NOT found, they were bought with shareholder funds. The company has RNS'd finds at Baja, Zimmi and Tongo but has NEVER exported these stones for processing and sale. Where are they? Why have they not been exported, processed and sold? The Co has bled cash like a stuck pig but there has been no effort to raise funds from bulk sampling as originally promised. Stones seem to have gone missing. Who got them? It stinks. Anyone with a ounce of common sense would avoid investing in this dog. I note some new posters have only just joined LSE. Treat their claims with utter skepticism. In my view this is all about manoeuvring for the tenaments when GSR folds as a listed company which is almost certain to happen before the end of this year. You have been warned.
People doing well also include those with stones in their pockets.
Hi lads, just swinging by. I suspect all,sorts of dealings are going on in the background here. The fact that fatty is still lurking in the wings with the former AG of SL is a big worry. The whole thing stinks bad to me.
Interesting surname. The wife of the arrested Bill Ng (mentioned in Steffie's link posted earlier today) is called Bonnie Wong. And now there's a new poster called Emma Wong. Coincidence?
There is insuffient volume for Darwin to churn their loan note shares so I can't see that happening. GSR has become quite illiquid hence the huge spread. It is a zombie company approaching its own apocalypse.
Over the weekend, I read that India is withdrawing from the international forum that arbitrates over financial disputes. CNE's tax dispute with the Indian govt is subject to international arbitration. Does anyone know if this matter will be affected?
Something big? Yep, they're about to run out of money with nobody seemingly willing to provide more. It looks very much like the end unless they have something truly amazing to report which looks unlikely bearing in mind the meagre amount of activity in the last 6 months. Only a fool would put more money into this at the moment.
Been watching this on and off for a while now but I won't take the plunge until there are signs that the promising science will be converted into promising cash! My suspicion is that the emphasis seems to be more on using a listing to fund scientific research and less on running a profitable business. They need to start converting ideas into cash.
These are interesting articles that highlight the problems http://roughdiamondgemologist.com/dirt-to-dollars/sierra-leone-beauty-beast-and-the-english-lady http://roughdiamondgemologist.com/dirt-to-dollars/sierra-leone-tenacity-thugs-and-triumph Sounds like Keng needs the English lady from the first article.
Not sure if this is relevant here. http://www.zerohedge.com/news/2016-04-13/faceplant-social-network-stock-slumps-ad-spend-plunge-chatter
I like the look of CNE, Diver, but it's a poor moment to buy in view of the oil price and general sentiment in the industry. It's a mug's game to try and predict the oil price but there seems to be a lot of evidence that things may get worse before we see an improvement especially if/once Iran comes online. That said, CNE is well protected with its large cash pile and exploration activities but this seems to be overlooked by investors who presently seem to be driven by general sentiment. I shall wait a while longer and may buy just before the Autumn drilling campaign when hopefully wider issues may have improved.
Considering dipping a toe in here. Is anyone with a view monitoring this chat forum or am I all alone? Issues seem to be India tax claim, forthcoming drilling campaign in Senegal and healthy cash situation. Any thoughts out there?