Firestone Diamonds (FDI)
Firestone Diamonds Price and Volume
Previous Close: 3.125p* (real time prices at ADVFN)Previous Range: 3.00 - 3.14*
Previous Volume: 192588 shares (down on average)*
Trading: below the 50 day M.A. (4.3032) & below the 200 day M.A. (5.6562)*
Firestone Diamonds Charts from Yahoo Finance
Firestone Diamonds Recent RNS from Interactive Investor
- Firestone Diamonds - Project Finance Update (20th May 2013)
- Firestone Diamonds - Results of Diamond Tenders (7th May 2013)
- Firestone Diamonds - Interim Results (28th Mar 2013)
- Firestone Diamonds - Successful Court Ruling (27th Mar 2013)
Firestone Diamonds Recent Docs, Vids and Audio from BRR Media
(you'll need popups enabled to view these and pump that volume up just a tad)
- Firestone Diamonds - Trading Update, Results of Diamonds Tender and Board Appointments (31st Jul 2012)
Tim Wilkes, CEO of Firestone Diamonds, provides a trading update on the company. The year has seen positive production and carat recovery trends have continued on from the first quarter. It is expected that the remainder of the year will see a reduction in diamond breakages and therefore improvement in diamond values. - Firestone Diamonds recovers 'very rare' diamonds from Liqhobong mine (16th Oct 2012) Firestone has recovered a batch of very rare type 2 diamonds from its Liqhobong mine in Lesotho and found an even rarer blue diamond.
- UPDATE: Firestone Diamonds improves diamond recovery at Liqhobong (8th Oct 2012) Firestone Diamonds has made good progress in improving the quality and value of diamonds recovered from the Liqhobong mine, in Lesotho.
- Firestone Diamonds shares surge on postive trading update (25th Jul 2012) Shares in Firestone Diamonds surged today after the company released a postive trading update on its activities in Lesotho.
- Firestone Diamonds hails solid first quarter production figures - UPDATE (14th May 2012)
Following today's update from the firm, Dr Ryan Long, at broker Northland, highlighted that it was "positive" the company was continuing to find large diamonds.
- Firestone Diamonds hails solid first quarter production figures (14th May 2012) Firestone Diamonds described first quarter production from its Liqhobong Mine in Lesotho as “good” as it revealed it uncovered an unbroken 74 carat yellow gem.
Firestone Diamonds Recent Articles from Proactive Investors
Visit Firestone Diamonds
At about noon daily we take a stack of discussion frequency data from a bunch of UK investment websites and run it through our AIM Soiree Equidisculator to rank the chat popularity of all 837 AIM shares we track. Today, Firestone Diamonds came in at number 144. Overall Rating: 144 of 837
At about noon daily we take a stack of discussion frequency data from a bunch of UK investment websites and run it through our AIM Soiree Equidisculator to rank the chat popularity of all 139 Basic Materials sector AIM shares we track. Today, Firestone Diamonds came in at number 54. Sector Rating: 54 of 139
Pacific Tycoon Container Investment
Firestone Diamonds on Twitter
Choose Another of Today's AIM Soiree Top 100 Ranked Shares
Re: Next Auction
By shugg1eTue, 18 Jun 2013 14:36:00 GMT
Diamond prices have been rising strongly of late By shugg1e
Re: Next Auction
By w neffTue, 18 Jun 2013 09:50:00 GMT
I've just had a look at the Antwerp World Diamond Centre website (www.awdc.be) and the next tender for Firestone is 24th to 28th June. By w neff
Next Auction
By Mad Scot 2Mon, 17 Jun 2013 19:49:00 GMT
Any one know when the next auction is??
Thanks
MS2 By Mad Scot 2
Shares Mag on diamonds
By forwardloopFri, 07 Jun 2013 21:10:00 GMT
Courtesy of Alliance Trust
Market interest to revive diamond delights
The sparkling side of the commodities industry looks ripe for reassessment - Dan Coatsworth
A rumoured multi-billion dollar stock market flotation of Rio Tinto’s (RIO) diamond arm, higher selling prices and robust jewellery demand are all set to bring the shine back to the diamond sector. The industry looks highly-attractive on a long-term basis as demand is expected to outweigh supply, fuelling higher commodity prices.
There is a strong argument for a sector-wide upward move, particularly as earnings could be upgraded amid rising stone prices and favourable currency movements. The South African rand (the cost currency of many diamond miners) is weakening against the dollar (the selling currency of diamonds), a major boost to profit margins.
Rio Tinto has struggled to find a buyer for its diamond assets as part of streamlining efforts, hence the talk of listing the division in London this year. Apart from private equity, there is no logical buyer for the unit as most of Rio’s diamond competitors could not afford the mooted price-tag, estimated at $2.2 billion. There is still a chance it could sell individual mines before an initial public offering (IPO).
The market fundamentals suggest now is a good time to increase exposure to diamond mining stocks.
Floating the diamond business could attract a higher valuation than that currently attributed to it as part of Rio, as it is overshadowed by the FTSE 100 group’s primary iron ore focus. A listing would certainly help to revive interest in other quoted diamond stocks.
Our top four diamond picks are led by Gem Diamonds (GEMD) which offers exposure to rare, high-value stones and a strong balance sheet, as well as efforts to increase production, boost recoveries and reduce diamond damage. Petra Diamonds (PDL) should be a fantastic investment over the long-term if it can deliver expansion programmes on its main projects.
Diamondcorp (DCP:AIM) should start tailings processing later this year in South Africa ahead of production from its Lace mine next year. A high-risk, high-reward option is Firestone Diamonds (FDI:AIM) which hopes to build a new processing plant so it can recover the larger, more valuable stones known to be in its deposit in Lesotho.
Shares says: The market fundamentals suggest now is a good time to increase exposure to diamond mining stocks.
By forwardloop
fdi
By chiromawa54Fri, 07 Jun 2013 19:24:00 GMT
yes I shall be at the AGM this year should be a good one,Its all about the liqhobong asset with me,We have had a few dodgy caractors in control over the years,frank made a quick buck and scarpered then fdi with no money run by the kellys there long gone and we have good management in control now,and were nearer than we have ever been to finance for the main plant,ask yourself if you would rather buy at 3p or 15p when finance is in place,and yes I have £100000 invested here, By chiromawa54
Re: fdi
By HPC FollowerFri, 07 Jun 2013 17:00:00 GMT
Let's hope our faith in averaging down will be good for us both... Perhaps we can meet at this December's FDI AGM; as there should be quite a bit of news for us by then.
As you say, time will tell and there is no reason to jump ship now given that all the major shareholders in FDI, including the FDI Board members, are keen to minimise any further SP dilution.
We could do with a few large, good quality, diamond finds without breakages to prove the breakage problem has finally been fixed - with the X-ray device to help spot the big ones before the 2nd phase (finer) crushing.
Still a good entry price for newcomers to FDI, although I accept the risks are high without successful conclusion of the financing negotiations. By HPC Follower
Re: fdi
By shugg1eFri, 07 Jun 2013 16:23:00 GMT
Not really its only 3 grands worth im pretty sure he meant he had 100k of shares. By shugg1e
fdi
By chiromawa54Fri, 07 Jun 2013 12:04:00 GMT
hi hpc good to see your still holding,have increased my holding considerby sinse 08 agm not that its done me any good yet,but hay ho,time will tell. By chiromawa54
Re: $167m facilty
By Warnado1Fri, 07 Jun 2013 08:32:00 GMT
Interesting that some here are deducting the 25% interest of the of the Lesotho government when it come to raising the $167m required for future development at Liqhobong.
In fact the Lesotho government will not be paying contributing a single dollar upfront towards the future development cost.
Their 25% is split in half, 12.5% (or 50% of the Lesotho government's interest in the Lighobong Project) will be reimbursed by the Lesotho Government from its share of dividends declared and paid by Liqhobong Mining Development Company (Proprietary) Limited (‘LMDC’) and the remaining 12.5% interest is a free carried interest.
A good deal for the government of Lesotho given this fact and also its additional share of sales royalty currently set at 4% but then raising to 8% should full production be reached.
By Warnado1
Re: $167m facilty
By here and nowFri, 07 Jun 2013 08:08:00 GMT
totally un investible until the development funds are sourced and the equity side raised By here and now
Re: fdi
By HPC FollowerThu, 06 Jun 2013 17:33:00 GMT
Hi there... just confiming I'm still here and will stay a strong supporter of FDI whilst the fundamentals remain good and there is a realistic chance of realising a fair portion of the Liquobong Main Pipe diamond resources over the next 20 years.
FDI is heavily under-valued in my opinion (although this is common for many AIM stocks) and this is probably the make/break year for the company to proceed with its stated strategic plans and to start delivering larger qunatities of unbroken diamonds, and "fancies" - especially in 2nd half 2013 post the winter (in Lesotha) period.
Good luck to all FDI PIs/holders... hopefully our luck will turn positive shortly, and the FDI BoD will declare some successes as hoped for the benefit of all FDI shareholders. By HPC Follower
Re: fdi
By vksinghThu, 06 Jun 2013 14:07:00 GMT
"my hundred k worth"
You must luv diamonds too much
100K in a 17000K Market CAP company is a big invested for a PI By vksingh
fdi
By chiromawa54Thu, 06 Jun 2013 09:25:00 GMT
quiet here have the big boys got all the shares now,still holding my hundred k worth,must just me and hpc left then, By chiromawa54
Re: The blinkered way you see it
By Sumo136Tue, 21 May 2013 12:04:00 GMT
Ok OK - I get it!!!! By Sumo136
Re: The blinkered way you see it
By Warnado1Tue, 21 May 2013 10:24:00 GMT
Sumo136, thanks for the suggestion but I don't need it as I am doing very well on my own.
The AIM circus is too risky for any serious investment and most of my investments trade on the TSX. By Warnado1
* Charts, price and volume data provided by the mighty Yahoo Finance may be delayed by up to an hour.
For the love of all things velvet, please always check financial data from more than one source before entering a trade. For live prices scoot on over to Share Price. If you know what's good for you, you'll check out: LSE Soirée, Investor Trader, DOW follows FTSE and AIM Shares Compared. Our cocktail of the day is Gimlet Fizz - a snappy, gin-doused number that'll take out a vital organ given the chance.
buy buy
By lucky2012Mon, 10 Jun 2013 14:20:35 GMT
come on guys get buying, this is so cheep. its not like there not making any cash.they are selling diamonds. as for all this millions they need to build up. why dont they build up more in a slow way with the money they get from the sells of diamonds. this way no big loan needed and we dont have to sell more shares and watering down every ones holding.. Build slow and safe i say..
maxwells1
By SpacemenFri, 31 May 2013 10:57:53 GMT
If you haven't already done so go to Firestone Diamonds home page then click on special stones . www.firestonediamonds.com/sales-marketing/special-stones Under Frank Scolaro ( KDD ) the main bore was never touched i( KDD )was just a cheap BUY for him and a quick profit for anyone who read his character right . The transformation from pilot bore to main bore mining has only recently taken place . Stock piles from the pilot bore had to be cleared and now the sorting mill is in full production on main bore ore we should have some bonanza stones now defined as special stones come our way . The raid on firestone diamonds offices in Liquabong not only proved there is no foul play at hand but also proved a political point that at the end of the day the government in charge of the country is also in charge of everything in it . Don't forget the miners disturbances in South Africa prior to this raid had a lot of lips talking about corruption in this generalised area .
hellloooo
By maxwells1Fri, 31 May 2013 10:13:07 GMT
my post refering to finding a bonanza stone. Check out GEMD just sold a large stone for $9 million thats £6 million squid. Now does anyone wonder why FDI have never found a sizeable stone? Imagine if they did a £6 million gem would push the sp up 50% let alone the rerate that would follow. Now one wonders JUST WHY DID the authorities make that raid and nab those computers???????????? NO SMOKE without fire but for years the likes of Frank Scolaro crowed on about bonanza stones. Really does make you wonder DID THE AUTHORITIES believe maybe something fishy was going on eh? especially since the government of lesotho stood to profit from any large gems. Maybe they were thinking hang on a minute we know you should be finding them your neighbours are!!!!! Maybe we need to look into this?
20th May 2013
By maxwells1Fri, 31 May 2013 08:06:34 GMT
my post refering to finding a bonanza stone. Check out GEMD just sold a large stone for $9 million thats £6 million squid. Now does anyone wonder why FDI have never found a sizeable stone? Imagine if they did a £6 million gem would push the sp up 50% let alone the rerate that would follow. Now one wonders JUST WHY DID the authorities make that raid and nab those computers???????????? NO SMOKE without fire but for years the likes of Frank Scolaro crowed on about bonanza stones. Really does make you wonder DID THE AUTHORITIES believe maybe something fishy was going on eh? especially since the government of lesotho stood to profit from any large gems. Maybe they were thinking hang on a minute we know you should be finding them your neighbours are!!!!! Maybe we need to look into this?
lucky2012
By SpacemenThu, 30 May 2013 14:13:28 GMT
There's loads of news available by reading recent RNS's if you need to bolster your confidence in FDI . Or you could just read the paid de-rampers posts , look through the recent RNS's , find the answers and smile to yourself . The information she tries to put doubt in one's mind is all answered in these recent RNS's . Just someone wants your shares cheap and paying her to try and prize them away from you .
buy buy
By lucky2012Thu, 30 May 2013 13:53:55 GMT
Just buy and wait guys..this will do great in a few years time.it better as my ave is 25p. im sure they will get their cash to build ..just wait and see,
wonderer
By LordSnootyTue, 21 May 2013 09:19:41 GMT
FIrestone's estimate of 2015 for Plant 2 to be installed and running is beginning to look wildly optimistic: due diligence will take six months to complete, then they still have to find someone to stump up the better part of £110m. After that comes the building and shipping of modules and associated infrastructure to Liqhobong, over poor roads to an altitude of 2600m. Bad weather in winter sometimes shuts down operations. When finally in place, testing, ironing out teething troubles and working up to nameplate capacity will take several months.. As an indication of how slowly things move at Liqhobong, see this from Kopane days in January 2009:
Spaceman
By wondererTue, 21 May 2013 08:36:51 GMT
No need to feel sorry for me I know I've lost a few k here but I will be making it back somewhere else. I hope you not referring to me as a paid deramper as if you look through my previous posts you will see I was once happily invested in here. The only reason I have jumped ship is due to the timeline the management are giving for any decent returns. FYI I have dumped my money into FRR which for me is a better investment based on the near to mid term. Anyways good luck and as I've said previously I may get back in here once funding has been sorted
RE: fancy blues
By SpacemenTue, 21 May 2013 06:58:41 GMT
Hi ya , mate the last auction results were exceptional considering all the who ha surrounding FDI . As we progress further into the main bore and better areas the x-ray equipment and higher set rollers should help with the recovery of larger diamonds . We still got our paid de-ramper and her multi Id's posting here but sadly I replied to one of her many Id's and actually felt sorry for that one for recently selling at 2.4p with a loss of neigh on £5k . We can all be taken in by her and her twist of words to put doubt in one's mind hence I can only be grateful for this recent RNS that outlines funding in basic English . Not even she can twist that without being corrected but alas it's a bonus having a paid de-ramper poster even if not a bit annoying at times , so I've been told .
fancy blues
By ArmchairtraderMon, 20 May 2013 18:57:33 GMT
They found a couple of fancy blues last year.... didn't change the game very much, Now if they were to actually manage to obtain some super rare stones, and keep them in one piece, and not let them get nicked, and actually put them in a tender, and sell them, and bank the cash, and TELL THE WORLD that they had accomplished that, that would be something. heres hoping
guys
By maxwells1Mon, 20 May 2013 14:43:55 GMT
could lady luck not go in FDI favour for once? say they find a couple of rare bonanza blue's? that would be a game changer would it not?
todays RNS was fantastic
By maxwells1Mon, 20 May 2013 09:42:12 GMT
so looking good for the medium term hold here!
FDI
By eddyboyMon, 20 May 2013 09:40:21 GMT
why the 27.27% spread would this be to discourage PI's from getting in or discourage sellers from getting out, thoughts anyone ?
wonderer
By LordSnootyMon, 20 May 2013 08:55:58 GMT
Typically and historically for a junior kimberlite, CapEx would be raised in a debt/shares ratio of about 70/30, or less usually 80/20. However, raising £22-33m would clearly be a very tall ask for a company now worth about £17m, hence directors are going to sell off the family silver to raise financing. This of course has the effect of delaying the inflexion point when the company becomes profitable, which is especially not good for impatient PIs. Firestone would have shareholders believe that raising finance can be relatively painless, but I would not take too seriously any soothing words about minimising shareholder dilution. As I explained below, one way or another the shareholders will pay for CapEx, either through debt financing, through dilution of shareholdings or through forward sales of assets. Apart from these methods, there is one other way forward if they are unable to raise finance (still a good possibility in my view), and that is to sell the company out from under PIs and take it private.