I spent two years working along Sam Bottell at minesite/oilbarrel and he is a good, honest and clever chap. Now that he is starting his career freelance writing I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from him from TradingResearch Point…
AIM listed Gemfields (GEM) has avoided the bloodbath affecting most junior miners during 2012. At a share price of 35.5p the company is valued at £114 million and is only 4.5p off its 12 month high. But could 2013 be the year when the shares really begin to sparkle?
The company’s principal asset is a 75% stake in the Kegem project in Zambia – this is the world’s largest emerald mine. In addition the company also has a 50% interest in the Kariba amethyst mine which is also in Zambia. These two assets leave the company as a solid cash generator.
on TradingResearchPoint | Comments