UK 08:34 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
For a company which has lost three quarters of its AIM value in 17 years, Firestone Diamonds (FDI) sounds determinedly positive about present prospects for its flagship Liqhobong kimberlite project, holding an estimated 23 million carats in the gem-rich southern African kingdom of Lesotho. With its shares down at 24.5p from a 2-month high of 37p and 1998’s float price of 114p, Firestone, which trimmed its losses by $800,000 to $10.4 million (£6.8 million) in the year to June, is ‘fully funded’ and on track for first production in the fourth quarter of next year, declares chief executive officer Stuart Brown.
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