After the update, and having lost lots! are they worth holding on to,any thoughts welcome.

I haven't researched Gravity deeply, but it would appear that they have little going on at the moment that promises any chance of them making any real money in the near term. At the moment it's all just exploration and that costs a lot of money, particularly if nothing is found and they have to issue more shares to raise further capital, diluting the stock and causing much wailing and gnashing of teeth for shareholders.

I couldn't comment much on the technical prospects of GRN as I'm not really a chartist, but if they're still only producing bad news, given that many natural resources companies' SP's languish for years on end, I'd say that this one could still be heading down for quite some time as it has since IPO. Not for widows or orphans, definitely.

I would suggest that if you want to make money in diamonds, then it's worth comparing and contrasting KimCor (KIM). Its prospects appear to be excellent, as they are working on reprocessing "tailings" (leftover rock from previous mining and extraction), with samples indicating a high residual diamond content. In addition to this they also have an exploration and acquisition programme going. The warrants (KIMW) may be worth a go too, if you feel confident trading these instruments, which are not for everyone. However, the SP has returned to around what it was at IPO, in spite of spiking recently on the back good news. This gives you an idea of how fickle this sector can be.

Other emerging companies to consider in the diamond industry are Firestone Diamonds, Sunrise Diamonds, European Diamonds. I can't tell you much about these, although Firestone smacks of being a good prospect. I'd say you'd have to acquaint yourself well with the industry before investing.

My conclusion? Look elsewhere, keeping this one on the back burner until its prospects improve. Whether you hang on to your holding is up to you; I for one wouldn't want to have thousands tied up in it as I am certain that there are better investments about.

All IMHO, PDYOR, etc.

Many thanks for the info Tonker &Soletraders, iam recently retired and new to this stocks and shares business. Ater agood deal of thouhgt and perusal I bought some 10 months back Grn, in the last 6 months I bought coffee heaven and London Asia,finaly I went into chaco after reading all the threads. Perhaps Ishould have gone into threads sooner!! Having lost some 60%inGRN iam now into the death! Again many thanks to you both it was nice to be able to talk it thro.

Sorry I miss spelt your name soul trader.

no worries.

chesneywilliam, these threads can be good, but do not beleive everything you read, easy to get sucked in.... check out the pump and dump thread... sorry to hear about GRN... learn from your mistake

Long term investment, this one.

I have been to the DRC (18 months ago) and I saw the diamonds, there are lots of them. Good prospects, but you'll have to wait a while to cash in.

Arf Dysg, Thats the best news ive heard,they actualy have diamonds!! Many thanks for the info,.

I saw them selling diamonds on the street in Kinshasa. They probably came from alluvial diamonds, in the forests and swamps, scattered over a lot of the East of the country. These alluvial diamonds all came from somewhere, so it's highly likely to be worth looking in the mountainous regions round the East and South of the country.

Kasai (one of GRN's exploration areas) is sort of on the country's Southern border but the Kasai craton extends into Angola and we already know that Petra Diamonds have found many kimberlites in Northern Angola, which implies that there are good prospects for hard rock diamonds in Kasai province in DRC.

One of Petra Diamonds' areas is called Alto Cuilo, which pretty much means the high end (i.e. source) of the Cuilo River. That river flows Northwards into Congo, (where they call it the Kwilu) so one could easily expect alluvial diamonds along that river in Congo. Mind you, that would not be the only river in Congo to have diamonds.

Arf Dysg, Lets hope GRN finds a load,are we the only ones in GRN? comeon you other investers, lets hear from you.