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Gem Diamonds carats didn't stick in 2016

Gem Diamonds (LN:GEMD) says its fundamentals are sound despite booking a US$158 million loss in 2016.

Gem Diamonds carats didn't stick in 2016 Gem Diamonds carats didn't stick in 2016 Gem Diamonds carats didn't stick in 2016 Gem Diamonds carats didn't stick in 2016 Gem Diamonds carats didn't stick in 2016

The Letseng mine in Lesotho

Gem Diamonds said without the $176.5 million in “exceptional items”, including the cost of putting the Ghaghoo diamond mine in Botswana into care and maintenance, it had made a profit of $32.