17/10/11
House broker Northland Capital Partners noted that the firm has substantial resources to progress its two key projects this year, and that these have “not been reflected in the valuation which is discounting little or no success”
16/08/11
Stellar Diamonds (LON:STEL) received the thumbs up from brokers as they welcomed news from the diamond miner that it has begun resource drilling at its high-grade Tongo kimberlite project in eastern Sierra Leone. Analysts reckon the well-funded company should be in a position to move two of its key projects towards JORC status in the first quarter of 2012 and rate its shares a ‘buy’.
23/06/11
Stellar Diamonds’ £6.2 million cash call three months ago was a turning point for the company but one the market appears to have to have missed. The placing at 8 pence a share brought in a new cornerstone investor in Blackrock, and signalled the start of a very exciting phase of development for the group.
17/06/11
Daniel Stewart & Company (DS&C) has initiated coverage of Stellar Diamonds (LON:STEL) with a “buy” rating and a 15 pence target price, calling its projects “robustly profitable”.
10/03/11
In its ‘Morning Report’, the UK broker said the successful completion of this financing provides Stellar with the means to fast track its highly promising kimberlite assets. The cash also provides some much needed breathing space for working capital which should see the company through at least 12 months of exploration and development.
