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Bullboard - Stock Discussion Forum Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Southstone Minerals Limited is a Canadian junior mining company. The Company holds a 43% interest in the Oena Diamond Mine (Oena), an alluvial diamond property, located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. The Oena Project is 8,800 hectares in size and covers about 4.8 kilometer (km) wide strip along a 15 km length of the lower... see more

Bullboard (TSXV:SML)

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Comment by hempsteron Jul 13, 2020 10:37am

RE:RE:RE:RE:RE:RE:RE:RE:News next week?

Oh yes, seems like you're right! Didn't notice this before. That's so misleading!
Comment by onetimeron Jul 13, 2020 10:11am

RE:RE:RE:RE:RE:RE:RE:News next week?

the 2 spreadsheets are seperated by my quote. This is a historical list Here is from the Q1 update, notice the stones especially 35 K and price per carat This includes the following six special ...more  
Comment by hempsteron Jul 13, 2020 9:44am

RE:RE:RE:RE:RE:RE:News next week?

https://southstoneminerals.com/q2-and-q3-2020-operational-update/ Look at the NR, it does indeed say when these diamonds were produced. 588 carats in Q2 and 215 in Q3. Right in the first column of ...more  
Comment by hempsteron Jul 13, 2020 9:40am

RE:Liberia project?

I think before developing this project, they wanted to get their financials in better shape, which they did with the Kwena Sale and the deal with CCML. They should be in quite a comfortable position ...more  
Comment by onetimeron Jul 13, 2020 9:37am

RE:RE:RE:RE:RE:News next week?

Hi Rereading the press release, it does not say they produced those diamonds in these quarters. i beieve that is a snapshot of the history of the largest diamond produced since SML has owned Oena ...more  
Post by Pacmannon Jul 13, 2020 8:49am

Liberia project?

The thing that bothers me is why they didn't mention anything about the project in Liberia. It's long overdue on the update for this project
Comment by hempsteron Jul 12, 2020 7:59am

RE:RE:RE:SML's latest numbers

You are right with CCML being an energy company, but their relationship with SML was / is pretty strong. In the past, they were SML's number 1 creditor and have recently become one of SML's ...more  
Comment by POG1200on Jul 12, 2020 6:11am

RE:RE:SML's latest numbers

I think you are confused.  I think the debt settlement was coal related.  CCML is in an energy and petroleum company.  I don't think CCML has much of a relationship with the diamond ...more  
Post by hempsteron Jul 11, 2020 4:16am

SML's latest numbers part 2

I just made an excel table to track all the changes in outstanding shares, debt and assets of SML caused by the Kwena Sale and all the other deals during the last few weeks. Unfortunately there' ...more  
Comment by MakeMoney2000on Jul 10, 2020 11:44am

RE:SML's latest numbers

If SML want to produce more tons by month's CCML is the perfect partners. So imagine if they produce 300000 tons by month's.....! 0ena have 6 deposit and two of them represent near 17 000 000 ...more  
Post by hempsteron Jul 10, 2020 3:53am

SML's latest numbers

So I had some time to spare to do some math and looked a little more closely at SML's latest numbers: 1. Since the beginning of the year, there is only one operator working at the mine instead of ...more  
Comment by hempsteron Jul 09, 2020 1:42am

RE:RE:RE:RE:News next week?

Yep, and in addition to that we don't know when exactly the diamonds were sold - whether this was still in Q3, or if the date of sale was already in Q4? Regardless of that, the next financials ...more  
Comment by onetimeron Jul 08, 2020 4:49pm

RE:RE:RE:News next week?

yes, but SMl only gets 30 or 40% of sales. now that the coal division is gone, overhead should lower and we just need a few more big diamonds . also, they were doing there own mining, but that looks ...more  
Comment by hempsteron Jul 08, 2020 3:30pm

RE:RE:News next week?

In total these 23 largest diamonds were sold for a combined total of $2million / C$2.7million and some change - while the current market cap is C$1.35 million! This is beyond ridiculous.
Comment by onetimeron Jul 08, 2020 3:09pm

RE:News next week?

news out. good sales, but look at the top 15 diamonds found. 1 was sold for 1/2 million  Oena Diamond Mine, Republic of South Africa Southstone continues to focus and prioritize its efforts ...more  
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