Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Emerald and ruby supplier Gemfields (GEM) is preparing for a pre-Christmas auction in Singapore of rubies and corundum from its 75%-owned Montepuez operation in Mozambique in the wake of raising $19.2 million (12.8 million) revenues at its latest emerald and beryl auction in the Indian city of Jaipur. Now valued at £228.5 million, the AIM-quoted company, whose shares have fallen from a summer 12-month peak of 68.25p to 40.25p now, says the Jaipur auction, of predominantly lower-quality stones from Gemfields’ 75%-owned Kagem mine in Zambia, raised a record amount in that category since the company started the auctions in 2009.
Filed under:
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Time left: 14:33:33