Proactiveinvestors United Kingdom Stellar Diamonds articles

Stellar Diamonds placing highlights investors' continued confidence, says broker

Thu, 03 May 2012 09:00:00 +0100

Northland Capital says Stellar Diamonds' £2 million placing highlights investor confidence in the company's remaining programmes.

Stellar Diamonds believes legal tenure over Kono licences "intact" - UPDATE

Thu, 12 Apr 2012 18:15:00 +0100

Sierra Leone's Ministry of Mines claims the company's two licences in the Kono district should not have been renewed. Stellar disputes this and is seeking clarification.

Stellar Diamonds says first results from Droujba are “encouraging”

Wed, 22 Feb 2012 07:35:00 +0000

Stellar Diamonds this morning delivered what it described as “encouraging” results from the first phase of its bulk sampling programme at the Droujba kimberlite pipe in Guinea. The initial grade has been calculated at 60 carats per hundred tonnes, which includes stones at 13.8 carats, 6.06 carats, 3.75 carats and 2.9 carats.

Stellar Diamonds shares rise after ‘excellent’ bulk sampling results at Tongo kimberlite

Thu, 19 Jan 2012 15:16:00 +0000

Chief executive Karl Smithson described the bulk sampling results as excellent. The company also confirmed the project is on track for a maiden resource statement by the end of this quarter.

Diamond fundamentals intact, says Northland

Wed, 23 Nov 2011 14:16:00 +0000

Recent falls in the average price of diamonds in the UK should not deter investors in Stellar Diamonds and Petra Diamonds says broker Northland Capital.

Stellar Diamonds shares surge after upbeat full-year results

Mon, 17 Oct 2011 12:13:00 +0100

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”

Stellar Diamonds pleases analysts with Tongo update

Tue, 16 Aug 2011 10:53:00 +0100

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’.

Stellar Diamonds enters a pivotal period of development; but is the market missing a trick?

Thu, 23 Jun 2011 10:53:00 +0100

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.

Stellar Diamonds given 15 pence price target by Daniel Stewart & Co

Fri, 17 Jun 2011 09:20:00 +0100

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”.

Stellar Diamonds fundraising and prospects ‘encouraging’ – Northland Capital

Thu, 10 Mar 2011 11:22:00 +0000

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.

Stellar Diamonds: Focused on unlocking high value kimberlite potential in Sierra Leone and Guinea

Fri, 04 Mar 2011 12:47:00 +0000

The AIM-listed diamond company emphasised that it is focused on exploring the Tongo and Droujba kimberlites in this morning's interims. Stellar plans to raise more money to unlock the potential within these projects, while diamond prices continue to rise. Northland Capital’s Andy Hanson reckons that Stellar will look to build on the success it has already had at these ‘fast-track’ projects.

Stellar Diamonds lifted by encouraging early results from Tongo kimberlite sampling

Tue, 15 Feb 2011 12:01:00 +0000

Shares in Stellar rose 4 percent in response to initial diamond grades from bulk sampling at the group's Tongo kimberlite project in Sierra Leone. Broker Northland Capital believes that it Tongo results continue to deliver along these lines the project could herald very attractive economics.

Stellar Diamonds: stepping up production, development and exploration in West Africa

Mon, 16 Aug 2010 14:38:00 +0100

The group is a highly ambitious newcomer whose goal is to also pursue regional consolidation opportunities and emerge as the leading integrated diamond miner in West Africa.

Stellar Diamonds sees further boost to production profile in second half 2010

Fri, 25 Jun 2010 09:08:00 +0100

Stellar stated that its immediate focus is to increase production and revenue from two existing mines, which will provide a strong financial platform to deliver growth through development of its other key projects

Stellar Diamonds completes Kono kimberlite acquisition from Petra Diamonds

Mon, 24 May 2010 10:26:00 +0100

Stellar Diamonds (AIM: STEL) told investors that it has now signed the share purchase agreement with Petra Diamonds Ltd (AIM: PDL).