‘One tenth-baggers’ sour AIM’s record suggests Peel Hunt
Since the financial crisis in March 2009, Aim’s All Share Index had risen by a decent looking 105%.
Company
Gemfields Group Limited
LON:GEM
Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.
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Gemfields boosted by "exceptionally rare" ruby find
Gemfields shares advanced on Tuesday as the importance of its Montepuez deposit in Mozambique was underlined - with the discovery of what the miner called an "exceptionally rare" pair of matching rubies.