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.
AIM listed Stellar Diamonds (STEL) has lost 93% of its stockmarket value since floating on AIM at 20p seven years ago, with its shares at 1.375p valuing the company at £9.6 million. But chief executive officer Karl Smithson hopes to change investors’ perceptions by fast-tracking one of its key West African projects, the Baoule kimberlite pipe in Guinea’s gem-rich Aredor region, and analysing sampling results from a bankable feasibility study now under way at another, Tongo Dyke in Sierra Leone.
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