Stellar Diamonds doubles FY loss, pursues transformational deal
22nd Dec 2016 11:18
(ShareCast News) - Stellar Diamonds has more than doubled its full-year pre-tax loss due to a significant rise in the impairment of intangibles, and says it is pursuing a transformational acquisition. "At the same time maintain exposure to our quality portfolio of diamond assets in West Africa," sai
Read moreStellar Diamonds signs JVs for Guinea and Liberia projects
9th Nov 2016 09:21
(ShareCast News) - AIM-listed Stellar Diamonds has agreed to joint ventures with Dubai-based Citigate Commodities Trading, over the miner's kimberlite project in Guinea and two exploration licences in Liberia. The joint ventures will allow the company to focus on the proposed Tongo-Tonguma transacti
Read moreStellar Diamonds to acquire Octea Mining's Tonguma project in reverse take-over
22nd Aug 2016 09:49
(ShareCast News) - Stellar Diamonds announced that it would combine its operations in Sierra Leone to create the second-largest diamond mining operation in West Africa. The combination of Stellar's Tongo kimberlite diamond project with Octea Mining's adjacent Tonguma project would have an inferred J
Read moreMonday newspaper round-up: Brexit chaos, Nigeria oil, house prices, ITV-ETO
22nd Aug 2016 07:02
(ShareCast News) - Leaving the EU may not not happen anytime soon given that civil servants charged with the task don't yet have an office and hold meetings in Starbucks. Some estimates suggest "full Brexit" may take 10 years and involve up to 10,000 people, not only in the new and other so-called "
Read moreStellar Diamonds shares suspended ahead of reverse take-over announcement
19th Aug 2016 09:13
(ShareCast News) - Stellar Diamonds announced the LSE would suspend trading in its shares pending the announcement of a potential reverse takeover. Trading in shares of West Africa-focused Stellar would thus be suspended pending the submission of the prerequisite admission document, which in turn wo
Read moreStellar Diamonds updates on Tongo mining-licence application
31st May 2016 14:01
(ShareCast News) - Stellar Diamonds has been verbally told its application for a mining licence over its 100%-owned Tongo project in Sierra Leone has approved by the Minerals Advisory Board there. The company said the licencing process remained subject to the National Minerals Agency formally writin
Read moreStellar Diamonds receives tentative approval for Tongo Dyke-1
17th Feb 2016 12:19
(ShareCast News) - Stellar Diamonds announced the completion of a major step in Sierra Leone on Wednesday, having received a letter of approval from the country's Environmental Protection Agency (EPA) for its mining licence application at the Tongo Dyke-1 project. The AIM-traded diamond development
Read moreStellar Diamonds exports diamonds for third trial auction
16th Feb 2016 09:48
(ShareCast News) - Stellar Diamonds revealed the export of a sizeable diamond parcel on Tuesday - 3,341 carats in total - from trial mining of its Baoulé kimberlite project in the Aredor area of Guinea, to Antwerp. The AIM-traded diamond development company said the jewels would be cleaned and assor
Read morePolypipe executives cash in to cover tax liabilities
3rd Dec 2015 15:49
(ShareCast News) - It was another case of directors selling shares to satisfy tax liabilities on Thursday. Polypipe chief executive David Hall and chief financial officer Peter Shepherd sold 2m shares, approximately each to cover their personal tax liabilities. The pair cashed in £3.35m each to cov
Read moreStellar Diamonds agrees German investment as mining halted by rains
2nd Nov 2015 10:35
(ShareCast News) - Stellar Diamonds has agreed to issue warrants and convertible loan notes (CLNs) to a German investment company as it raises an initial net £1.26m working capital to aid its completion of a mining licence in Sierra Leone. Stellar, which has proposed a 50-for-one share consolidation
Read moreWednesday broker round-up
3rd Dec 2014 09:41
AstraZeneca: Morgan Stanley increases target price from 4100p to 4300p, while downgrading to 'underweight'. BG Group: Barclays reduces target price from 1300p to 1100p and reiterates an 'equal-weight' rating. Credit Suisse reduces target price from 1050p to 940p and maintains an 'underperform' ratin
Read moreStellar Diamonds falls despite positive dyke update
28th Nov 2014 12:11
Stellar Diamonds said the inferred resource for its Tongo Kimberlite Dyke project in Sierra Leone was increased by 35% to 1.4m carats. The group said the average diamond grade is now 165 carats per 100 tonnes, after bulk sampling resulted in a 37% increase. An upgrade in resources and the diamond g
Read moreStellar Diamonds sees upside after positive Tongo sampling
19th Aug 2014 14:32
Strong results from Stellar Diamonds' bulk sampling of the Tongo kimberlite project in Sierra Leone suggests that resource estimates could be lifted. The AIM-listed firm revealed 1,182 carats had been recovered, pulling up the average grade to 178.7 carats per hundred tonnes (cpht). The grade was
Read moreStellar Diamonds moves forward with Guinea project
3rd Jun 2014 13:17
West Africa gem explorer Stellar Diamonds is fast-tracking a Guinea mining project. Stellar said it had begun moving processing equipment to the Baoulé kimberlite diamond scheme with a view to starting processing work at the end of August. "Once the plant is operating efficiently, then trial minin
Read moreStellar Diamonds 'delighted' by progress at flagship Tongo project
20th Mar 2014 14:06
Stellar Diamonds said it made a 'number of positive advancements' in the last six months of 2013. In particular, Chief Executive Karl Smithson was "delighted" by the progress made at the company's flagship high grade Tongo project, which he said shows "robust economics justifying the Board's decis
Read more