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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Diamondcorp | DCP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.05 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.05 | 2.05 |
| Top Posts |
|---|
Posted at 21/5/2019 14:11 by tiger60 Seems a long time ago now that this sunk without trace. Did anyone ever pick up from the cessation of DCP and take the project any further? |
Posted at 02/2/2017 20:47 by markfrankie They have raised £1 million. Dcp share suspension was around the 2p mark. @4p, Exercisable @1p at an average of 2.5p placingManagement were a little uninformed about possibility of floods, they must have proved they can now manage the potentially good asset to someone |
Posted at 29/11/2016 21:21 by pharmoutcomeszzz Tiger, I have no issues in letting you know I am currently holding a potentially big loss. I suspect your poorly disguised bitterness is because, despite your forthcoming protestations, you have sold in panic and have actually fulfilled a big loss. Why will people get frustrated when if you got yourself informed you will know already there is not a cat in hells chance of DCP being unsuspended until February 2017. Stop being so hypocritical. Because you lost out big time, you want everybody else to. Shame on you! Most of DCP's RNS out this morning was already out in the public domain if you'd read a decent board. Oh but I forgot, you want to bury your head in the sand, hope the posters 'post less and the ones that do will get more frustrated' and therefore satisfy your disingenuous and self pitying nonsense. |
Posted at 14/11/2016 20:38 by pharmoutcomeszzz Aaaaahhhh! IiCB: showing your true colors. We are all sitting on now what looks heavy losses. Like most share owners in DCP, I invested after having carried out much research and reading. I have never invested in a company that has had so much genuine bad luck. Some you win, some you lose. Sounds to me as if you've been stupid enough to put all your eggs in 1 basket. Get over it and if you ever have enough money to invest again and comment on boards, change your style, start making useful contributions and stop slagging off the management, the company you have invested in and other contributors. WE have, after all, invested in the same company,presumably, like you, to get a decent return. Probably this will instigate another flurry of 4 letter obscenities. makes me smile more than the current price of DCP does, so give it your best. |
Posted at 09/11/2016 20:35 by iicb So much for dividend yields of 3%, confusion on why the share price was much lower than peers - both stated previously by our leaders.I think we f8cking know why now Paul! GET IT SORTED |
Posted at 12/10/2016 20:47 by goldpiguk Hi,Having been an investor here a few years ago I still receive emails from DCP when they put out a statement so though I would look in here after receiving an email today. I have the greatest respect for Paul Loudon, but his imperative has always been to get the mine up and running. It is a personal goal for him and a matter of pride. I sold my shares four years ago when I felt too much of the future profit potential was being taken away from holders of ordinary shares. A tie up with a larger diamond miner with Loudon giving up control would have provided a far better outcome. Lace is a world class asset, but that does not mean shareholders will ever see much, if any return on their investment. I will continue to keep an eye on DCP but would need to look very carefully at the numbers - Loans, outstanding bonds that if I remember correctly paid 10% per annum, offtake agreements, future dilution before allocating any funds again to this enterprise. For the ordinary shareholder all too easily pink diamonds could turn into white elephants. Goldpig |
Posted at 06/10/2016 16:38 by darcon Questions:- Did DCP achieve 20,000 tonnes of production in September? Will it achieve 25,000 tonnes production in October? - Will DCP have an October sale mid-month? Will DCP have a Nov mid-month sale? - Where is the working capital facility? |
Posted at 05/10/2016 18:35 by darcon If someone were to come along now and make a cheeky offer at a price close to 7 pence (the price DCP were using in their presentations to investors not so long ago) I think they would stand a good chance of success. One of the other diamond companies could make a shares for share offer giving shareholders the opportunity to retain some of the upside. It could be a transaction similar to the one that Perseus struck with the cash-strapped AMA which could unlock value for both parties' shareholders.I see that the CEO of MPH Consulting is a non-exec on the board of Firestone Diamonds. Their MCAP relative to DCPs would allow them to easily swallow DCP. Could they become a suitor? The current low price and market nervousness also creates an opportunity for a potential suitor to stake-build without risking a higher bid price as a result. |
Posted at 05/10/2016 11:52 by ged5 Thought we'd lost you after the half year results hpcg. Unfortunately there were only a few minutes to sell at 6p and I hesitated and we know the old proverb.I see they're still giving false information on the other board. There is still no tender on the calendar for DCP which is becoming quite concerning. I emailed the company on Monday. Now given the quick replies to other queries I've made, it's surprising that I had no answer to this simple question:- "The diamonds yielded during August remain of a high quality, and four stones larger than 10 carats were recovered, including a 12.7 carat gem diamond. These diamonds will be sold in the October sale." As yet DCP do not have a tender scheduled for October. Is the parcel too small?" I see level 2 is now 1v3. You need to fill or kill or give a limit order to sell so I wouldn't be surprised to see a further drop. Of course another reason for them not replying to my email was because I expressed my dissatisfaction of the perceived deceit in 9th August RNS |
Posted at 16/6/2016 07:02 by ged5 Thanks badday! The video is also on the home page of the website.A good promotional video. PL seemed very pleased with the size of the diamonds. Some feedback from the AGM posted elsewhere:- "J_b1000 There are regular small parcels that go to Antwerp for security reasons. They are then aggregated for monthly tenders. PL confirmed at AGM that there will be two tenders before the one in September - one in July and one in August. Clearly the July tender will not yet reflect the first full monthly tonnage of 30k tonnes slated for July. PL confirmed however the plan for monthly tenders based on a mining rate of 30k tonnes per month. He said money is tight until full production in July but "it has been tighter before" and for what it's worth I came away as a shareholder thinking this is an issue under control and more a case of saying it "how it is" and will start to fade away altogether as we start to enter full production in a couple of weeks. Once we enter full production and as PL completes a marketing exercise he says is underway PL said that SA institutions should start to come on board in chunky blocks which is where the Panmure arrangement to share liquidity between JSE and London comes into play satisfying both them and tightening the London share base. He also mentioned that he needs three of the four newly acquired trucks to be available for service end June to reach 30k tonnes in July. One is already in service and two more are to be ready for service end June. That delivery of trucks plus the ore silo end June are the two deliverables needed for July 30k tonnage and both look on track as of today. Speaking for myself came away positive and I came in positive. I am maybe slightly more positive now. I am actually pretty excited about the July and August tenders. PL reiterated what he said in video today about the better than expected size frequency distribution. Also when you look at the resource statement see if you think there is a proper and sufficient account taken of the higher $ per carat you get with the larger stones - I personally don't think it is factored in enough, a mistake really, never mind the frequency of those stones being better than modelled ie a 10 carat stone is much more valuable than 10 stones of 1 carat each - ready to be corrected! Bobzim Whilst still fresh in my mind - I will outline PL's answers to the specific questions we collectively raised - then follow up tomorrow with some more general observations and opinions re the AGM. PL was kind enough to sit with me [1:1] before the AGM and provided hand written notes/answers to our questions. I subsequently sought clarification on a few points both during and after [again with PL and also EW] the meeting. 1] Production targets ..... have been met for both April and May. 2] Social media and lack of website updates/news etc ..... will be addressed in Q3/Q4 when DCP are cash flow positive. 3] Capex ..... the next major stand-alone item is the X-ray sorter scheduled for Q3-17/Q1-18 at a cost of ~USD$ 1.5M. As a rule DCP budget annually with a 15% contingency and 12.5% replacement capital. 4] DCP will be profitable in H2 2016. 4.1] There is no requirement to revisit their stated Aug/Sep16 cash flow targets. 5] Re Tech Report table 16.7 - Trough drilling/Doming drilling - have there been any indications of water or mud from old workings? ..... "not that we couldn't adequately handle" [PL quote]. 6] There are no specific problems or difficulties envisaged as Lace moves toward full production other than already advised - i.e. trucks. I sense that the 'truck issues' are now largely resolved - and PL seemed relaxed [as one can be!] re this matter. 7] COO's [Steve Ward] retirement - currently the Mine Manager [Andre] is acting COO; highly likely that he will be offered the COO role on a permanent basis and DCP recruit a new Mine Manager. Time-scale = 90 days. 8] DCP are not engaging with the Ministry of Mines with regard to BEE Charter proposals. PL stated that DCP are "too small" .....they do their level best to remain under the political radar. 9] There share trading arrangement announced on Sep7th remains open. 9.1] Very few shares have been transferred to date. 9.2] The current equity in issue is split 95% / 5% respectively across AIM and JSE. 9.3] I asked PL specifically how aggressively DCP were marketing to SA institutions - he confirmed they/he were involved in heavy - ongoing - marketing activities in SA. He expects their to be a significant appetite from SA once DCP are recognised as a fully fledged [de-risked] producer, and not developer. 10] Small parcels of diamonds are sent to Antwerp on a frequent basis. Tenders/sales are currently scheduled for July, August and September. These sales will be run-of-the-mine [kimberlite] diamonds. 11] RNS tone/wording .....unbeknown to me the NOMAD [and author] of the latest RNS was sat immediately to my left. He was identified as such only AFTER I had criticised [constructively I thought!?] his efforts! He remained silent throughout. Thankfully both PL and EW were clearly very sympathetic to the points I raised and agreed to review matters with their NOMAD. I hope the above helps.... ....I will post some more general observations |
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