FLASH: South Africa’s Petra Diamonds (LON:PDL) has found a 100.83 carat gem-quality diamond at its iconic Cullinan mine in South Africa. The D-color, Type II diamond follows the recent recovery of a 6.12 carat Type II blue stone, also at Cullinan. The company has piled up debt after building a new plant and digging deeper […]
Gem Diamonds Continues to Dig Up Big Rocks in Africa $GMDMF Africa-focused Gem Diamonds (LON:GEMD, OTCMKT:GMDMF) must be getting used to recovering huge precious rocks from its flagship Letšeng mine in Lesotho, as it has just dug up another massive one. The 138-carat, Top white colour Type IIa diamond is 12th diamond over 100 carats the company finds this […]
The Race is On to Join the ‘Trillion Dollar Club’ $DIA, $SPY, $QQQ, $RUTX, $VXX Amazon, Microsoft and Alphabet are in the race to become the 2nd publicly-listed US company to reach a $1-T stock market value after Apple (NASDAQ:AAPL) became the 1st to race to the Big T milestone. Wall Street’s optimism about last […]
Gem Diamonds Digging Up Big Rocks This Year $L.GEMD Africa-focused Gem Diamonds (LON:GEMD) is having an extraordinary year so far as the small miner continues to find precious rocks bigger than 100 carats at its flagship Letšeng mine in Lesotho. Last Wednesday, the England-based company said it had dug up a 152-carat, top white color type IIa diamond, the […]
Major Abu Dhabi Lenders Merge, Create UAE’s Largest Bank Two major lenders in the United Arab Emirates, the First Gulf Bank and the National Bank of Abu Dhabi, have completed a merger to become the largest bank in the country under the name First Abu Dhabi Bank. The new bank has total assets of $180-B […]
AMC Theatres (NYSE:AMC) Closes Carmike Cinemas Acquisition $AMC AMC Theaters as unit of Chinese conglomerate Dalian Wanda, now operates 900 venues with more than 10,000 screens globally. Wednesday, AMC Theatres said Wednesday hat it has completed its acquisition of Carmike Cinemas for approximately $1.1-B, including the assumption of Carmike debt, making it the largest movie […]