Tillkännagivande • Jun 08
BlueRock Diamonds PLC Announces Update on Kareevlei Diamond Mine BlueRock Diamonds PLC announced the following update. The Business Rescue Practitioners have confirmed that the mining license for Kareevlei was renewed, subject to the fulfilment of conditions which are expected to be completed shortly. Operations at the mine remain suspended and negotiations are in progress for the restructuring of Kareevlei. Further discussions with the Business Rescue Practitioners have noted that as BlueRock is a non-independent creditor of Kareevlei it would only receive a potential distribution after the payment of Post Commencement Finance and it is uncertain that there will be cash to service the unsubordinated claim at that point. A final distribution to Bluerock from Kareevlei is, therefore, now considered unlikely. The Board engaged further with the major shareholder and the Business Rescue Practitioners about the possible purchase of the BRD claim and decided that it is in the best interests of the Company and all its stakeholders that BlueRock be placed in administration, while there is further engagement with the Business Rescue practitioners. Tillkännagivande • Jan 24
BlueRock Diamonds PLC Announces Suspend Operations At the Kareevlei Mine BlueRock Diamonds Plc announced an update on operational activity. Kareevlei Mine - suspension of operations: Operations at the Kareevlei Mine were suspended by the South African Department of Mineral Resources and Energy ('DMRE') on 20 January 2023 after an unscheduled visit to KVL by Officials of the Department. The Officials issued an instruction in terms of Section 54 and Section 55 of the Mines Health and Safety Act that activities at the mine be suspended until contraventions identified by them are rectified. KVL is challenging the procedures followed by the Officials as well as the instruction to suspend operations which the Company believes are not consistent with the protocols or requirements of the Act. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Chairman Rob Croll is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Tillkännagivande • Oct 29
BlueRock Diamonds PLC Revises Production Guidance for the Years 2022 and 2023 BlueRock Diamonds PLC revised production guidance for the years 2022 and 2023. For the year 2022, the company expects tonnes processed to be in the range of 600,000 - 700,000 against previous guidance of 620,000 - 670,000 and Carats production to be in the range of 20,000 to 22,000 against previous guidance of 20,000 to 24,000. For the year 2023, the company expects tonnes processed to be in the range of 900,000 - 1,000,000 against previous guidance of 875,000 - 970,000 and Carats production to be in the range of 35,000 to 41,000 against previous guidance of 35,000 to 41,000. Tillkännagivande • Oct 14
Bluerock Diamonds plc Announces Resignation of Tim Leslie as Non-Executive Director BlueRock Diamonds PLC announced that Non-Executive Director Tim Leslie has stepped down from the Board with immediate effect. Board Change • Sep 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Tim Leslie is the most experienced director on the board, commencing their role in 2013. Independent Non-Executive Chairman Rob Croll was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Tillkännagivande • Sep 21
Bluerock Diamonds plc Announces Resignation of David Facey as Board Member BlueRock Diamonds PLC, announced that David Facey has stepped down from his Board position effective from September 21, 2022. Tillkännagivande • Sep 14
BlueRock Diamonds Announces Board Changes BlueRock Diamonds PLC announced that Mike Houston has stepped down from his Board position with immediate effect and it is anticipated that David Facey will step down from the Board later this week. Additionally, Victor Dingle has joined the Board as Chief Executive Officer ('CEO') and Rob Croll has become the new Non-executive Chairman with immediate effect. Victor is an experienced executive having served as Chief Financial Officer ('CFO') of a number of public and private companies in sub-Saharan Africa. Victor is currently CEO and CFO of the Teichmann Group, a diverse group of companies with expertise in multi-disciplined construction services, mining, and agriculture and the Company's largest shareholder. Victor has previously served as CFO of MTO Forestry Proprietary Limited, Dangote Cement Limited and Lafarge Cement. Rob, who joined the board in June 2021 as an Independent Non-executive Director, isan experienced mining engineer. Based in South Africa, he is has held various senior executive and consulting positions and gained significant exposure to the financial markets. He was previously the Lead Independent Non-Executive Director of Resource Generation Limited and brings with him a strong independent technical and commercial perspective to BlueRock's current operation at Kareevlei and future investments. Reported Earnings • Sep 07
First half 2022 earnings released: EPS: UK£0.03 (vs UK£0.023 loss in 1H 2021) First half 2022 results: EPS: UK£0.03 (up from UK£0.023 loss in 1H 2021). Revenue: UK£4.08m (up 45% from 1H 2021). Net income: UK£248.5k (up UK£569.9k from 1H 2021). Profit margin: 6.1% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 16
BlueRock Diamonds PLC, Annual General Meeting, Sep 07, 2022 BlueRock Diamonds PLC, Annual General Meeting, Sep 07, 2022, at 09:00 Coordinated Universal Time. Reported Earnings • Jul 02
Full year 2021 earnings released: UK£0.09 loss per share (vs UK£0.35 loss in FY 2020) Full year 2021 results: UK£0.09 loss per share (up from UK£0.35 loss in FY 2020). Revenue: UK£7.86m (up 118% from FY 2020). Net loss: UK£1.22m (loss narrowed 49% from FY 2020). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 18
BlueRock Diamonds PLC to Report Fiscal Year 2021 Results on Jun 27, 2022 BlueRock Diamonds PLC announced that they will report fiscal year 2021 results on Jun 27, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Rob Croll was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 01
BlueRock Diamonds PLC Revises Production and Revenue Guidance for the Year 2022; Provides Production and Revenue Guidance for the Year 2023 BlueRock Diamonds PLC revised production guidance for the year 2022. For the year, the company expects to produce volumes of 900,00 to 950,000 tonnes, grade in the range of 4.0 cpht to 4.5 cpht, carats in the range of 36,000 to 43,000 and value per carat of USD 450.For the year 2022, the company expects revenue in the range of USD 16 million to 19 million.For the year 2023, the company expects 1,000,000 Tonnes of production, Carats Produced of 43,000, Grade of 4.3 cpht and Value per carat of USD 450. The company expects revenue of USD 19 million. Tillkännagivande • Feb 22
Bluerock Diamonds plc Announces Discovery of 11.95 Carat Diamond BlueRock Diamonds PLC announced the discovery of an 11.95 carat stone. The stone will go to tender later this week with an expected valuation in excess of USD 100,000. Tillkännagivande • Nov 24
BlueRock Diamonds PLC Resumes Mining Activities at its Kareevlei Diamond Mine BlueRock Diamonds PLC, announced that further to the announcement of 19 November 2021 and following further discussions with the Department of Mineral Resources and Energy (the 'DMRE'), mining activities at its Kareevlei Diamond Mine ('Kareevlei') in the Kimberley region of South Africa have resumed. The Company is also pleased to report that commissioning of the new plant designed to increase production to 1 million tonnes per annum and carats produced to between 40,000 and 43,000 carats per annum is progressing well, with the crushing circuit and Line 1 fully operational and achieving design capacity. The old plant was closed last week and the two pans, as planned, have been refurbished and fitted to Line 2. Management will start feeding ore to Line 2 this week and start ramping up to full production shortly thereafter. Reported Earnings • Sep 23
First half 2021 earnings released: UK£0.055 loss per share (vs UK£1.00 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: UK£2.82m (up 118% from 1H 2020). Net loss: UK£321.4k (loss narrowed 86% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 02
Full year 2020 earnings released: UK£0.35 loss per share (vs UK£0.21 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: UK£3.60m (down 12% from FY 2019). Net loss: UK£2.39m (loss widened 368% from FY 2019). Production and reserves: Diamond Production: 3.1 kg Number of mines: 1 Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 17
BlueRock Diamonds plc Announces Recovery of Three Large Gem Quality Stones BlueRock Diamonds PLC announced the recovery of three gem quality stones of 10.6 carats, 9.8 carats and 8.4 carats. Tillkännagivande • Mar 04
BlueRock Diamonds PLC has completed a Follow-on Equity Offering in the amount of £1.5 million. BlueRock Diamonds PLC has completed a Follow-on Equity Offering in the amount of £1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,750,000
Price\Range: £0.4
Transaction Features: Subsequent Direct Listing Is New 90 Day High Low • Mar 03
New 90-day low: UK£0.43 The company is down 3.0% from its price of UK£0.45 on 03 December 2020. The British market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: UK£0.60 The company is up 3.0% from its price of UK£0.58 on 25 September 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 25% over the same period. Is New 90 Day High Low • Nov 30
New 90-day low: UK£0.45 The company is down 11% from its price of UK£0.50 on 01 September 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period. Reported Earnings • Oct 02
First half earnings released Over the last 12 months the company has reported total losses of UK£2.62m, with losses widening by 142% from the prior year. Total revenue was UK£4.00m over the last 12 months, up 79% from the prior year. Tillkännagivande • Jul 18
BlueRock Diamonds PLC has completed a Follow-on Equity Offering in the amount of £1.25 million. BlueRock Diamonds PLC has completed a Follow-on Equity Offering in the amount of £1.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,571,429
Price\Range: £0.35
Transaction Features: Subsequent Direct Listing