UK 10:25 Sunday, 8 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
On February 1st 2017 Stellar Diamonds (STEL) announced that it was "in advanced negotiations" about a bid at 12.7p, a 452% premium to the share price on January 31. Hooray, trebles all round. But hang on Henry what about those share options?
The roll call of shame on today's RNS from Stellar Diamonds: Nomad Cairn Financial (Emma Earl, that name rings a bell), Broker Beaufort Securities (Jon Bellis), joint broker Peterhouse Corporate Finance (Martin Lampshire), Financial Advisers Mirabaud (Rory Scott), Pr St Brides ( Lottie Brocklehurst). The headline is "709 Carat Diamond Discovered in Sierra Leone." Fuck me: where do I buy Stellar shares? These guys have just discovered the 13th biggest diamond in the country's history. Fuck me again - where is my fucking stockbroker? Oh er hang on...
Bulk sampling by Stellar Diamonds (STEL), the German-backed West Africa-focused gem play at the Baoule kimberlite pipe in Guinea has turned up a 55-carat stone and encouraged the AIM-quoted concern to argue this 'confirms the presence of large stones' in the deposit, which Stellar hopes to develop to tap a potential low-grade resource of three million carats.
West Africa-focused AIM dog Stellar Diamonds (STEL) has coaxed a potential investment of £2.6 million from Heidelberg-based investment outfit Deutsche Balaton to fund applying for a mining licence at its Tongo gem prospect in Sierra Leone and to resume trial mining at the Baoule pipe in Guinea’s Aredor diamond field. The company, whose shares at 0.3p have lost 98% of their value since floating on AIM at 20p eight years ago, is also proposing a one for fifty share consolidation, as it prepares to give board representation to Deutsche Balaton, which is itself quoted on the secondary market in Frankfurt and whose stake in Stellar could reach 37.5% with the blessing of the Takeover Panel if shareholders agree to the deal.
Shares in West Africa-focused Stellar Diamonds (STEL) may have lost nearly 98% of its AIM value since floating at 20p eight years ago. But chief executive Karl Smithson hopes to overcome market scepticism as the company moves to follow a positive new preliminary economic assessment of its flagship 1.45 million-carat Tongo kimberlite project in Sierra Leone with a full mining licence application.
Emerging West African gem producer Stellar Diamonds (STEL) has lost face on AIM after withdrawing a quarter of the stones on offer from its first gem sale in Antwerp, but the company insists its programme is still on track. With Stellar’s shares down at 0.93p, against a £1 million placing price of 1.16p in January and 95% below their 20p float price in 2007, chief executive officer Karl Smithson says buyers at the Antwerp sale were asking for discounts of ’40 to 50%’ below what the company felt acceptable for 1,617 carats out of the 6,031 carats on offer from its operations in Guinea and Sierra Leone.
