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.
Gem counter Firestone Diamonds (FDI) should be ready to produce one million carats a year from its flagship Liqhobong project in the politically-troubled southern African kingdom of Lesotho by the middle of 2016, having halved its pre-tax losses to $11.2 million (£7 million) in the year to June. So says chairman Lucio Genovese, as the AIM-quoted company nears completion of the sale of South African assets and works to dispose of its ‘low-grade, high-value’ BK11 mine in Botswana.
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