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Not sure what you’re talking about;

PR released just today;

Q3 Shareholder Call

https://www.bluerockdiamonds.co.uk/assets/Shareholder%20Call%2022.10.19.mp3

Proactive Interview;

https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/905315

All that’s missing is an updated broker research paper with detailed valuation analysis, however just last week SP Angel updated their base target to £2.43...

It’s just the impatience of PI’s that has driven this lower, look at the buyer of 2101 at 10.20 today who sold 2 hours later for a 5% loss!

Graham, they had £1.1m of cash at 30th June & Operating profits of over £500k in Q3. Central costs have been confirmed at £560k per annum, the only addition being the new CEO. The chairman has also repeatedly stated that his number one objective is to rebuild shareholder trust & he has a verified track record of turning operations around.

So no, the only thing wrong IMO is AIM paranoia combined with some profit taking.

The October tender results will be announced on either Thursday or Friday, with the 20.72ct diamond price. Let’s see how many panic sellers buy back in then.

Martin, have you not read any of the recent RNS’s or watched the proactive videos?

From the September half year results;

“The Teichmann Group is a highly respected pan African civil engineering and mining group and we believe that their experience will be invaluable, not only in the development of Kareevlei, but in developing the business further once Kareevlei has proved its long-term viability.”

Is developing the business further with a respected pan African civil engineering company still ‘ complete guesswork’?

Mike even stated that the strategy was to consolidate Kareevlei over the next couple of quarters before announcing the next steps (this was back in July...).

I’d say you are looking for excuses to justify selling down your holding. IMO you’ll look back on this decision with as much regret as you did when buying 100k+ SXX shares at 20p and deciding to hold for the next 25 years.

Possibly because the IRR is slightly lower than Araguaia, and at $14k Nickel would be just under 20%. The potential of the resources held by HZM is unquestionable, the concern is how they unlock the funding. A base case IRR of over 30% would have made it much more attractive.

I would be willing to bet that the delay in the PFS was caused by them negotiating the base case Nickel price for the headline NPV - they couldn’t have justified using $16,400 when the price was lower, we all know it spiked to over $18k recently, but today it’s back down m at $16,200, so they have been bold there. Regarding future prices over the next 40 years - who knows!

Todays valuation & summary view from SP Angel, 85% upside from current levels, ignoring any potential large diamond finds. Maybe that explains why there was a delayed buy for £20k just before close!

“Valuation: Simple modelling of the Bluerock numbers gives an approximate NPV@8% value of 243 pence per share. This assumes ongoing grades of 4.3cpht, diamond values of US$432/ct, throughput of 35,000t a month and costs of US$190/ct.
•We do not try to estimate the potential value of recovery of unusually valuable diamonds and we have not modelled any unit cost reduction in mining and processing as yet.

Conclusion: There is significant value to be recovered at BlueRock’s diamond mines in the Kimberley region of South Africa. We are hopeful that the operations are at long last starting to realise their economic potential and we expect to see the mine report some very interesting gem-quality stones over the next few years based on the recovery of ~100 >20ct stones so far this year.”

Martin, I really am baffled by your post! Can I ask why you bought BRD shares in the first place? As I can’t understand what has changed for the worse this year for you to decide to sell at a 20% loss when the company is about to turn profitable and is producing a record number of diamonds?

So MrJinx, just to be clear, you expected total operating costs for 2020 to be $1.2m? Giving an operating margin of 83% on 16000ct @ $430ct ($6.88m revenue)?

Did you not apply common sense to your initial assumptions and think you should re-read as an 83% operating margin is clearly too good to be true? The Teichmann costs were for haulage only, and did not include processing and labour costs etc incurred by BRD.

The results are fantastic, even more so for a £4m market cap! Just because you don’t understand the figures doesn’t mean they are ‘playing fast and loose’...

Agree about the lack of transparency, my biggest gripe is the advertised spread - it is always exaggerated and rarely reflects the true bid or ask. However, this is an illiquid stock and moves quickly on little closer volume which would be the market markers excuse.

Re. Your trade, it hasn’t disappeared, it was processed via the Nex exchange secondary market (there seems no rhyme or reason for them diverting trades).

https://www.nexexchange.com/company-all-latest-trades?isin=GB00BKKJK954&listingtypeid=PLSU

Thanks for raising this Angela, for me it just emphasises how undervalued BRD is at present!

RBW have a market cap of £11m at its present price of 2.85p. They are loss making ($3.4m loss for year ending June 2019 on revenues of $1.5m) and state that they will need to raise more money in 2020 to fund additional exploration work... At your initial target price of 4.8p, their market cap would be £18.2m, and that is before any new equity raise.

Personally, I think they have a lot of work to do and it’ll be 12 months + before any notable progress is made. Contrast to BRD where the turnaround is in full swing, yet has a market cap of just £4m, and is expected to post around $1.8m of revenues for Q3 alone, and should be profitable going forwards...

If you have £7k in RBW at its current price, I’d hope you have at least £20k in BRD as it is a significantly better prospect !

So a maximum of 10 trading days until we discover the value of the 20.72ct diamond, and interim results will be published at some point between now and then presumably. Got to be decent odds of hitting at least £2 before the end of October if everything is as expected?

Money talks, if you had a spare £5.5m to take Woodford out then I’m sure you could negotiate a discount. It was a bit of a joke that everyone else had to pay 25% more straight after though!

Looks like this will cause them to miss their annual production target of 400k Oz, could present an interesting opportunity if it falls back a bit further to IPO price or a bit below.

Very true re. never fully knowing with AIM companies! However, with Teichmann as a 19% shareholder & mining contractor/operator & paid on a per tonne mined basis, all of the ingredients are there for achieving their targets. Will still be very pleased to see this confirmed before the end of the week though!

Yes it’s a very intriguing tweet... Dealing with the original tweet today, we know the big diamond is 20ct, but the other 5 must all be at least 5ct and could fetch $50k each, so there could be €500k of stones there which must have been unearthed since the last tender on 19th September! Not bad for a couple of weeks...

I expect tomorrow to be a strong day as people buy in ahead of the update.

Nice recovery, aided by some well timed PR from the company, this is a keeper for sure!

Comedy drop to try and dislodge shares prior to the Q3 results, hold strong all!

Nice one Alan, I’m on 0.2% myself so a bit behind you! A couple of sells today but the vast majority of visible trades are buys - clearly a big sell in the pipeline though.

All that have bought recently will be aware this is a company in turnaround, and with a market cap of only £4.2m it could easily double between now and Christmas!

Between now and October 25th we’ve got two definite RNS’s on the way; Q3 ops update + 20 carat diamond tender sale. Always the potential for more surprises as well.

Honestly, how stupid can you get?! You wait years to get FDA approval, the market response is fantastic and pushes the price to a respectable level with the potential for way more...what do you do next? Raise a measly 500k at £10m market cap.

Why not do some PR first, emphasise the value and benefits of what you have worked so hard for, and raise a proper sum of money, say £5m at least, that will remove the need for future placings?

One of the worst decisions I can remember, and I feel for those who bought above 10p.

“As of 24 September, the Group had £140,000 of available cash.”

I’d be amazed if they don’t place again before Christmas, DC’s annual bonus has to come from somewhere surely?

Guzzler you seem to have fallen in love with this share, which is a very dangerous thing to do. The lack of interest over the last 3 months compared to the same point in 2018 is IMO evidence that many investors have grown wise to the sales patter of Ciclitera. Let’s see what the interims hold.