clemenceo
01 Nov 2018
lse:FDI Main Discussion Hi Hpc So you are saying the big share holders are happy with the low share price which currently gives a Cap of less than the money we have in the bank its astounding . Cheers Clem
HPC_Follower
01 Nov 2018
lse:FDI Main Discussion The 100,000 sell @4p was almost certainly due to someone putting an optimistic 4p bid for that quantity - which someone decided to take because they wanted to re-invent that 4p a share (£4,000)somewhere else quickly when FDI didn’t improve its SP post a reasonably good quarterly operations report. I can understand why someone might have sold early today to buy KP2, perhaps ALGW, OEX or another favourite with good news expected very soon. The true value of FDI is much higher, but the major shareholders are happy to see a low share price for their Eurobond interest conversions; and because they are all in for the medium/long term after the loans are cleared. Only new buying interest will raise the FDI share price significantly; and this will probably need some large, good quality gemstone recoveries.
davidrpenman
01 Nov 2018
lse:FDI Main Discussion It’s about time the FDI directors dipped into their pockets at these depressed levels, would at least generate a bit of interest and show there support. Can’t understand dumping stock at these prices, down on a 100k sell today
HPC_Follower
30 Oct 2018
lse:FDI Main Discussion Have a good time in Cyprus… will report back post AGM all being well.
chiromawa54
30 Oct 2018
lse:FDI Main Discussion Cant go to AGM this year as I will be in Cyprus .will be good to hear your conclusions on events at AGM if you can go. I would like to see management start buying shares in FDI to give the share price a lift. Perhaps you could show them the wisdom in this. Its been painful watching the share price drop by 90% .But it has allowed us small investors to increase our holdings but share price has to recover to be of any benefit which seems more likely than not, now. At least now after years of hard work by all concerned we are in a real position to find diamonds of world class quality .WELL DONE CHAPS,
HPC_Follower
30 Oct 2018
lse:FDI Main Discussion Glad to hear you are still invested here too… you may re-call we met at an FDI AGM once or twice… & even emailed each other. I hope to go to the AGM on 28th November, so perhaps I will see you there?
HPC_Follower
30 Oct 2018
lse:FDI Main Discussion Also, note that the Eurobond dilution is due to FDI choosing to pay shares in lieu of the interest payable on the loans (c. 8% p.a.) every quarter. They can up/down those loans to better manage ABSA loan re-payments & have quite a bit of cash now for flexibility. These don’t have firm repayment date schedules like ABSA. If production diamond recoveries improve with depth, as it should based on the varying prospectivity of the K1 to K6 zones for large/fancy gem stones, and diamond prices do improve as expected, then FDI will still do very well. None of the Major Shareholders have reduced their stakes either, which is encouraging for the longer term too.
HPC_Follower
29 Oct 2018
lse:FDI Main Discussion I’ve also topped up considerably since the 10:1 consolidation - now holding 525,000 shares, but my average price per share, despite doubling my holding in the last year, is still quite high; although probably now better than the major shareholders who can’t more than double their holdings easily like small investors can. Can’t really justify increasing my holding any more right now - but FDI operations & returns are starting to improve. If the SP stays low, if I can find the cash, I might top up again… but better if FDI continues to improve their business performance for the SP to rise. Clearly if diamond finds improve & the average price per carat goes up, the debt would be paid off early - the best scenario for future profits…
HPC_Follower
29 Oct 2018
lse:FDI Main Discussion Look on page 23 of the last FDI Annual Report… quite a lot there to review, noting the debt is still being paid down progressively with a holiday on ABSA at present. Risks seem to be well managed; a few big, good quality gem stones would make a big difference.
HPC_Follower
29 Oct 2018
lse:FDI Main Discussion Yes, respectable figures for winter production & proof they can recover > 300 carat stones without breakage. Stone quality usually improves with depth too (hotter & higher pressure than near surface) so encouraging. Diamond prices are due to improve with shortages over next few years too, and a small increase will help a lot.
davidrpenman
29 Oct 2018
lse:FDI Main Discussion Decent update, pretty positive and at last I feel FDI are on their way to being the diamond producer they have always promised. The big fancy stones will come!
chiromawa54
27 Oct 2018
lse:FDI Main Discussion More dilution must be 40% plus since the original 30p .I have increased my holding by 250% since then, still hanging on, I to have been hear since EPD days, hopefully we will be rewarded soon .
HPC_Follower
26 Oct 2018
lse:FDI Main Discussion Quarterly report is later than usual; that could be good or bad. It must surely be published next week now, possibly with some post quarter news. There ought to be record levels of ore processed but diamond recoveries will be key - also price attained.
davidrpenman
24 Oct 2018
lse:FDI Main Discussion Thanks for the post HPC fingers crossed the update is positive
johnmford13
22 Oct 2018
HPC - petra large diamonds now they have reached the better areas at the surface of the Main Pipe, which might also change things.
