UK 17:51 Wednesday, 23 September 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.
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.
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