Member Info for thistle

Breakfast at Tiffany's have to agree...Audrey Hepburn was one hell of a lady..... bought back in today after reluctantly selling last time...I agree one to hold for me..after all diamonds are a girls best friend thanks...may we both do well :o)

great name.....great film...ATB...

GEM DIAMONDS LIMITED ("Gem Diamonds" or the "Company") Approval of Letseng expansion project Gem Diamonds Limited (LSE: GEMD) ("the Company") is pleased to announce that the expansion project (known as Project Kholo) at the Company's Letšeng mine in Lesotho has been approved by the Company's Board and by the Board of Letšeng Diamonds Pty Limited ("Letšeng"). Project Kholo will commence in January 2012, and will ramp up to full production by July 2014. The project will increase the annual treatment capacity of the Letšeng mine to 10 million tonnes per annum (currently 5.6 million tonnes per annum) with carat output increasing to circa 200,000 carats per annum (currently 100,000 carats per annum). The total project capital expenditure for Project Kholo is estimated at US$ 280 million. The project IRR is expected to be 40% and payback is expected in 2016. Project Kholo will be funded out of existing and future cash flows (based on current diamond prices and exchange rate assumptions). The NPV of the Letšeng mine (100%), including Project Kholo, is US$ 2.5 billion. Gem Diamonds currently has US$ 151 million cash on its balance sheet and Letšeng has recently secured a revolving credit facility of Maloti 250 million (US$ 31 million) for general corporate purposes. The Company is currently considering all of its options regarding its Ellendale mine asset in Australia and has appointed advisors to assist in this regard. Gem Diamonds CEO, Clifford Elphick commented: " Gem Diamonds is very pleased to announce that as a result of the approval given by the Company's Board to the expansion project at the Letseng mine, the number of carats of the remarkable diamonds which it produces will effectively be doubled. Given the industry consensus around the extremely positive supply/demand dynamics for high end diamonds, it is an investment which signals Gem Diamonds' confidence in its future growth. "

Patsystems (PTS) shares surged by 2.875p to 12.5p as the company announced it has received an approach from its largest shareholder, ION Trading regarding a 14p cash offer. The board is to carefully assess the merits of the proposal. In light of the collapse of MF Global, the group's largest client, the company the impact could be lessened if MF Global clients migrate to other Patsystems clients.

there has been a reappraisal of Scottish engineer Weir's acquisition of Texan hydraulic fracturing specialist, Seaboard, announced yesterday. Initial reaction yesterday was negative, but a number of brokers seem "fracking" pleased with the deal today. Panmure Gordon has raised its full-year earnings estimates, though it leaves its target price of 2215p unchanged "for now". Panmure Gordon says the company has probably overpaid based on projected earnings for the current year but at least it has invested "in the right space" and the earnings multiple drops from a forecast 13.7 to a more reasonable projection of 10.7 in fiscal 2012.

http://www.investegate.co.uk/article.aspx?id=201111210700134123S&fe=1

http://www.investegate.co.uk/article.aspx?id=201111150700270795S&fe=1

WEIR Group, the Scottish engineering giant, will end the year with a record order book following strong demand for its products from the mining and oil industries The Glasgow-headquartered pumps and valves maker said the third quarter produced an unprecedented level of new orders. But the company slumped to the bottom of the FTSE 100 fallers’ board following the announcement, with shares down 7 per cent in early trading. They closed 71p, or 3.7 per cent, lower at 1,860p. Analysts were disappointed with the flat margins and said the firm’s growing order book for 2012 looked to be already priced in to the shares which have risen almost 40 per cent since the beginning of October. Oliver Wynne-James, an analyst at Panmure Gordon, said: “What the market didn’t like is the flat margins in the third quarter and the flat margin guidance for the rest of the year.” He said the minerals division suffered a lower margin because it was selling more original equipment as opposed to spares. But Jonathan Jackson, head of equities at Killik & Co, said the long-term outlook for the business remained positive, driven by the continued industrialisation of emerging markets and growing demand for energy and commodities. The company said the positive trends continued into the current quarter, swelling revenues and profits above the levels seen last year and in the first half of 2011. It said: “Although we remain vigilant given current macro-economic uncertainty, this performance underpins our confidence in delivering a strong set of results for 2011, in line with our expectations, and starting 2012 with a record order book.” But it said margins across the group had remained static, and its shares fell as investors had been hoping for an improvement. Chief executive Keith Cochrane re-iterated that Weir is on the look out for acquisitions. He has a £600 million war chest but no targets currently in his sights. “We’re always looking at a long list of opportunities at any point in time. I can’t say there’s anything imminent right now,” he said. Weir would be keen to add to its offering in both its mining and oil and gas businesses, he said, suggesting that the firm may look to increase the breadth of its involvement in fracking, a relatively new and controversial way of extracting oil and gas from rocks forcing sand and chemicals into the ground. The booming shale gas industry in North America, which uses Weir’s heavy-duty pumps for fracking, helped the Scottish company grow total orders by 27 per cent in the three months to September. Orders relating to oil and gas production were 39 per cent higher in the third quarter compared to the same period last year.

The Independent’s Sharewatch column assesses Weir, the engineering company which makes equipment for extracting oil and gas. It had a bad day on the markets yesterday, closing 2% lower than Friday. The Independent argues this fall reflects market perception that commodity prices have plateaued which would naturally restrict Weir’s earnings potential. However, the Indy is in full sticking-its-neck-out mode and suggests that the long term prospects for commodities is still rosy especially for extraction techniques like hydraulic fracturing, or fracking, in which Weir has a particular speciality. It is for that reason that the Indy says Weir is a buy.

Questor share tip: Gem is a hold until prices recover Rough diamond prices rose rapidly last year, but they have been on the wane for the past few months. However, Gem Diamonds said yesterday that it had delivered a good performance since July. By Garry White 7:00AM GMT 03 Nov 2011 Comment Gem Diamonds 205.2p -4.8 Questor says HOLD Gem Diamonds However, Clifford Elphick, chief executive, accepted production at its Ellendale mine in Australia was "disappointing". Measures are being taken and the feasibility study for expansion at its key Letseng mine is progressing well. However, pricing of the yellow "fancy" diamonds produced by the Ellendale mine was better than analysts' expectations. The mine achieved an average price of $5,153 (£3,216) per carat, compared with $2,791 (£1,742) per carat last year. The Letseng mine in South Africa produced 29,800 carats, up 23pc from the equivalent period last year. It also increased its sales guidance to 103,000 to 108,000 carats, up from previous guidance of 95,000 to 103,000 carats. However, the big negative was in pricing, which fell 30pc to $2,426 (£1,514) a carat at Letseng. This excludes the sale of the unique 553 carat Letseng Star, which sold for $16.5m ($10.4), or almost $30,000 (£18,824) a carat. There seems to have been further falls in October, as its tender sold for $2,300 (£1,443) a carat.

Gem Diamonds Limited (LSE: GEMD) reports an Interim Management Statement ("IMS") for the period 1 July to 1 November 2011 ("the period"). Highlights during the period: Letšeng *: · The Letšeng mine continued to deliver a strong operational performance with production in line with expectations and the continued recovery of high value and exceptionally large diamonds. · The Letšeng Star, a 550ct white gem diamond, was recovered at Letšeng on 19 August 2011 and was sold in October 2011 into a profit sharing arrangement, for a rough value of US$16.5 million. · Letšeng continued to market diamonds on rough tender and extract diamonds for manufacturing in line with the sales and marketing strategy. Excluding the 550 carat Letšeng Star, the average value of the exports for Q3 2011 was US$2 426 per carat (US$1 680 per carat in Q3 2010). · 15 rough diamonds achieved a value in excess of US$1m each during the period. · Letšeng recovered a total of 50 rough diamonds that achieved prices greater than US$20 000 per carat in the period, totaling 152 for the year to date and contributing 69% of Letšeng's revenue. · Letšeng recovered 171 rough diamonds greater than 10.8 carats in size in the period and exported 22 733 carats for sale during Q3 2011, up 1% from 2010. · The feasibility study for Project Kholo, Letšeng's production expansion project, taking its own plant capacity from 5.7 to 10 million tonnes per annum, is on track and will be presented to the Board in November 2011. http://www.investegate.co.uk/article.aspx?id=201111020700173139R&fe=1

486.2 ...JJ

hammi 437

Entries in by close of market today..please post your entries on board if interested...thanks kayte 542 theprodigy 517.5 jamesmaggs 510 ..even more optimistic than inscrut.....rofl Inscrut 507.4 .....ever the optimist.... teurn58 507 buller 501 Glastonbury 500 cpr1 499 gordy123 498 Mrbuffet 495 MRB386 480 slimjim1 477 Bonz1957 475 peakoil 468 Philski 466 Thistle 465 chand 465 .......copycat....lol..will put a .5 by mine might make all the difference...lol bbloe 457.50 lennielad 459 Mr Man 450 memen 445 stonecutterboy 430 sonoqui 395

kayte 542

jamesmaggs 510 ..even more optimistic than inscrut.....rofl Inscrut 507.4 .....ever the optimist.... teurn58 507 buller 501 Glastonbury 500 cpr1 499 gordy123 498 Mrbuffet 495 MRB386 480 slimjim1 477 Bonz1957 475 peakoil 468 Philski 466 Thistle 465 chand 465 .......copycat....lol..will put a .5 by mine might make all the difference...lol bbloe 457.50 Mr Man 450 memen 445 stonecutterboy 430 sonoqui 395

Please post your entries on board by market close friday....thanks jamesmaggs 510 ..even more optimistic than inscrut.....rofl Inscrut 507.4 .....ever the optimist.... teurn58 507 buller 501 Glastonbury 500 cpr1 499 gordy123 498 Mrbuffet 495 MRB386 480 slimjim1 477 Bonz1957 475 peakoil 468 Philski 466 Thistle 465 chand 465 .......copycat....lol..will put a .5 by mine might make all the difference...lol Mr Man 450 memen 445 stonecutterboy 430

Today 08:17cpr1Nov Comp466.65No Opinion 499

Please post your entries on board by market close friday....thanks jamesmaggs 510 ..even more optimistic than inscrut.....rofl Inscrut 507.4 .....ever the optimist.... buller 501 Glastonbury 500 gordy123 498 Mrbuffet 495 MRB386 480 slimjim1 477 Bonz1957 475 Philski 466 Thistle 465 chand 465 .......copycat....lol..will put a .5 by mine might make all the difference...lol Mr Man 450 stonecutterboy 430

please don't encourage him...lol..how are you still enjoying all your chocolate treats..think you may well be closer than me in the BP comp..thank goodness..ATB