Post by
MakeMoney2000 on Jul 08, 2020 1:44pm
News next week?
About CCML debt, about the last two quarter, about production at Oena, and about gold properties?
GLTA
Raypar
Comment by
hempster on Jul 08, 2020 3:30pm
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
onetimer on Jul 08, 2020 4:49pm
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 like it has not restarted yet. awaiting financials amd MDA to see more
Comment by
hempster on Jul 09, 2020 1:42am
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 should be rather good since they'll include the disposition of Kwena.
Comment by
onetimer on Jul 13, 2020 9:37am
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 From PR The Oena Diamond Mine continues to produce very large and high-quality diamonds as summarized below.
Comment by
hempster on Jul 13, 2020 9:44am
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 the first table in this NR.
Comment by
hempster on Jul 13, 2020 10:37am
Oh yes, seems like you're right! Didn't notice this before. That's so misleading!