Moorookamick
Do you do any research at all or just script your threads with innuendo?
Taken from Gemfields update 12/5/2017
Ian Harebottle, CEO of Gemfields, commented:
"From an operational perspective the quarter under review delivered mixed results but we remain delighted that demand for coloured gemstones continues to increase as the sector strengthens.
Montepuez has once again performed extremely well, with a significant increase in the quantity of ore and the quality of the gemstones produced. The upgrade to the existing wash plant is also showing an increase in processing rates, and while it is yet to achieve optimal levels of performance, it has already delivered an approximate 170% increase in ore processed, when compared to the quarter ending 31 March 2016. The remainder of the FY17 will focus on processing lower grade but higher quality and value ore."
So if you read the full update it is the emeralds, beryl and the ownership of Faberge which has caused the share price all and interim profit to fall not rubies as you are trying to IMPLY, use facts not guesswork.
Then the share price of Gemfields has fallen recently as UK investors sell ahead of the shares being delisted and listing solely in Johannesburg, means opening new broker accounts etc.
Then you go on about the CR, yes we all know they need some monies to get to October, and they have a lot of options to take, rather than following a constant down ramper like yourself " another $5 mil CR at these prices (say 4c) would add another 135 mil shares (incl costs)" your quote and where did you pull this figures from and what price ,thin air?
You then say "rather than rely of pathetic.." the only thing that is pathetic is your ability to post info that you have made up in your mind, not do any research, and yesterday you could not even decide if you held the stock or not. DYOR I have, rather than making up info to justify you selling too low.
MUS Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held
