UK 18:29 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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Karl Smithson, chief executive of Stellar Diamonds (STEL), faces a challenging 2015, as he awaits results in two to three weeks of the AIM-quoted company’s maiden sale of stones from its Baoule kimberlite project in Guinea and seeks $20 million (£13.3 million) to take its high-grade Tongo Dyke project into production in Guinea’s West African neighbour, Sierra Leone. According to Smithson, Stellar, which the other day raised £1m at a lowly 1.16p to fund continuing trial mining at Baoule, has 6,000 carats from there in Antwerp at present and he suggests Baoule could soon be exporting at the rate of 2,000 carats a month for potential monthly cash flow of $300,000 ‘at profitable margins’.
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