focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Dead Cat Bounce,,, IMO
Amazed they haven't done this already
X-ray scanning of low fluorescence diamonds (FDI's are low florescence) - wtf!!!!!!!!
Should have done this ages a go, It's very important.
1) Paul Bosna is CEO, previously op manager, and previously (before becoming ceo) heavily involved in the fund raising and finance arrangements.
2) The company owes approx 90 Million US$
3) The company has approx 29 to 31 Million in Bank
4) The diamond sector is awaiting Argyle closure, but countering that is the lab grown diamond growth, and liquidity concerns, (the banks are very nervous about the diamond market and the ability of their debtors to repay loans)
5) The fact that the placement @ 10p only gained modest support from director buys (token amounts of shares) and NO FURTHER director buys, despite the collapse in the share price - speaks volumes.
6) All could change with three splendid finds! But we've been waiting and it's not happened yet.
Best wishes to all.
Whilst i said that $82 is not enough, it IS in-line with time to date revised expectation. Indeed it could have been worse. Oh dear had it been $62, but it wasn't. . The company wipes its face at $75 as Johnny B said, but debt repayment is crucial and the 75 isn't included in that figure ( according to Chairman ) . If the March figures come out at $ 89 plus then we can breathe a little easier. . Sorry if i sounded a little pessimistic. It wasn't a bad report. . April info will be really interesting. Surprised at so many sales. This report is marginally positive... imo dyor etc
Yes there was a repayment after the December AGM, but repayments are now suspended for 18mths during the agreed moratorium period. $82 is an improvement yet not enough long term. I made a telephone call earlier today and understand; 1) We are likely to receive a far more detailed report in April 2) They are now implementing the revised mining plan which should stop the operating costs rising ( rand exchange rate dependent ) 3) Better areas now being targeted, lets watch the March auction figures. This April report will hopefully shine more light on the state of the company.
But perhaps the bottom of a loupe ? - yes i think so ! imo
Visited the AGM, spoke to various,,,,,,,, report late January is imo positive. Not spectacular but good enough to 'wipe the face' of new mine plan... . Canaccord Genuity now tracking fdi, suggesting to their clients a speculative buy rating 20p.... other brokers waiting for the next update,,,, . My review of ag,m is available on ...... . http://uk.advfn.com/cmn/fbb/thread.php3?id=27637329&from=2975 number 2988 . Still hoping for much better,,,, as are all.
I Hugh, Out of curiosity how many did you buy,,, just so i can see the entry, Regards Jonathan
Hi Copland> . No not connected, and i had not intended to teach you anything, the post was half couched for other readers; I used to live in Jersey C.I. until my wife discovered the delights of the Yorkshire Dales. I live 7 miles north west of Harrogate, in Nidderdale. As CGT didn't exist in Jersey, i max out the isa allowances each year. . I have a portfolio of 18 shares, yet FDI is my largest holding. . As you know, we are due a LoM statement sometime between October and December, guess the agm will be in November (as last year), so guess the statement will be released before then. . It''s an opportunity to ask general questions from the floor, but questions during coffee afterwards, can be more insightful. Some of the brokers attending ask very lame questions. . Regards Tan
The predictions for rough prices are perhaps somewhat delayed, but this report dated April 2017 may bring some comfort...... . https://www.baunatdiamonds.com/en/positive-price-forecast-for-diamond-still-the-best-investment . Also the autumn trading leading into our winter tends to pick-up. I hope for later year improvements. If all pans-out, buyers will come back into the market PRIOR to 2018, we shall see. I shall attend the agm in November, maybe see you there?
Hi Copland > . Sadly a mine that doesn't make any money, whether complete or not, is worthless. The business model didn't expect such a low rough price to prevail in 2017, only the better carat sizes are holding strong, and these carats are at lower depth, therefore they have decided to use this time to remove waste and access the better quality deeper ore, hoping that in a years time diamond prices should show signs of improvement. This is potentially a good logical move and there is expectation of diamond rises during 2019 and 2020. . The share price will continue to drop until the trend reverses, who would buy now looking at the graph. Any good news will in my opinion see a sharp about turn. . What constitutes good news? . a) Insider buying b) Several large finds. c) Improvements in rough prices d) General unexpected improvements in Grade. . This is now a waiting game for chart reversal.
Hi Copland.> . Gutted too, we need a comprehensive report. Wish you well.
Hi Copland, thanks for pointing out the appendix section on Life of Mine. It does make for good comparisons as you say. . SB's comments from the last quarter report..........." Of the 1,966,000 tonnes treated for the year, 80% came from the lower grade K2 material in the pit with some dilution. 7% of the tonnage came from the K4 material also with some dilution. 8% of tonnage came from K5, with the balance of the material treated coming from historic mixed stockpiles used during the initial commissioning stages. . It is important to note that the tonnes treated to date, and therefore the grade and value, are not yet representative of Liqhobong's true production profile.".............................
Only the top third of the link works, apologies. . Good that you read it, - most woldn't. ... I guess the target is 31 cpht at US$ 107 . Approaching, but may take a couple more quarters. . Regards Tan . Suspect we will get some insider buys shortly,,, i think the current drop is a slow sale by a significant shareholder....not worried, seen it before..... nothing to be read in to it!.,, standard flipping imo
Yep, agree. Unfortunately we are still in the 'closed period' up to the release of year end results which prevent directors and insiders from buying shares. I might be wrong. . Anyway, the following pdf download from fdi shows technical analysis and grades for the mine etc... maybe useful for some new investors.................... . https://www.google.co.uk/url?sa=t&source=web&rct=j&url=http://www.firestonediamonds.com/wp-content/uploads/Firestone-Diamonds-Rs-and-Rv-technical-report-12-Oct-2015-Final.pdf&ved=0ahUKEwimgKyym5fVAhWEVRoKHV9RD9UQFggoMAE&usg=AFQjCNG7rYUUEkV4GFt8xWIZsgqncf0ggg
7/18/2017-Macquarie Reiterated Rating of Outperform. target 70p
Lucio Bought 1m @ 44p (a further option at for 900k @ 85p?) SB has options at 35p ( approx 9m ), it's unlikely the company will sell for these figures, imo.
Hi Connexion> Agree with your view,,,if the 9M US$ bank account at the conference call after debt repayment was right, along with the (upto) 2M US$ extra capex to the year end was right, then the current balance means they have broken even in the last few months. ( Fag packet calculation ). . Stuart Brown has 9 million share option at 35p ? Lucio Genovese 1 million @ 85p ? . Forgive approximations and spelling . If cpht is approaching 30, and they are attacking the main ore body moving forward, i guess this is a slightly positive statement... Don't know the lag on auction sales and receipt of monies, the continuation of the debt facility is prudent, and having to draw down some of it, produces 'interest' on a guarantee to facilitate where otherwise there may be no financial consideration. . Guess the pi's are unsure what to make of it !!!!!
F.I.L. LTD reduced it's share holding below 3% and no-longer needs to disclose 1% drops in holding, my guess is that SUSTAINABLE CAPITAL LTD are buying the shares in pre-agreed tranches, thus little net change on share demand, thus no change in sp. Just my opinion.