Diamondcorp Share Discussion Threads

[iicb] 09/7/2016 15:58

How much debt?

[hitch19] 08/7/2016 23:19

Broker valuationAt 15p after placing and full uptake of Broker options would be £71,810,937.Is this achievable at full production?

[iicb] 08/7/2016 22:27

I will stick with it for now but PL has made me much more cautious

[hpcg] 08/7/2016 17:02

Chucked a load of spread bets on this morning as well - nice pop at the close.

[iicb] 08/7/2016 14:09

Yes, but the fear is how much more propping up are they going to need being so off target against what PL said last year, which Tiger has made mention of.

[hpcg] 08/7/2016 13:17

iiCB - that isn't impossible, but the company risks are now the lowest they have ever been. The raise was at the same price as earlier in the year, which is a relative positive. Also I would say in this case that they did signal in April (unplanned $1mm expense) and then mid June (cash is tight) that it might need to raise more. My fear was that could be at below 6.

[iicb] 08/7/2016 11:56

Don't rule out more delays and more cash now.

[hutch_pod] 08/7/2016 09:14

Ah yes, thanks Ged

[ged5] 08/7/2016 07:53

Darcon posted a link in post 1929. Starvest (SVE) bought some shares on the open market.

[hutch_pod] 08/7/2016 07:23

What small buy RNS tiger? Must have missed it. I did decide not to topup and will wait for the inevitable - IE positive cash flow, hopefully not another cash call!

[iicb] 07/7/2016 23:44

Full of dreamers but reality has striked them down. Had a feeling it wasn't the end of the cash calls when the price dived again. Loudon needs to wake up and realise the damage he's doing to his own credibility. He's way off target currently based on what's hes stated previously. Don't think the share price will survive another of these, nor the investors. A year now of disappointments, very unimpressive.

[tiger60] 07/7/2016 22:17

I would have an educated guess that your moment to sell has gone. Probably best to stick it out now.
It was amazing on the lse board - they were talking about everything rather than the share price action.

Dividends, takeover and just day before stating there was no funding coming due to a small buy that was followed by a rns. These boards are dangerous to some.

[iicb] 07/7/2016 19:24

I'm sure they've got a few more delays and cash calls left in them yet. They are doing a good job of slowly destroying investor confidence in then in my view.

[tiger60] 07/7/2016 18:58

3 fund raisings since being 'fully funded' last year....hmmm

The saddest thing is the share price repeated its trick of falling to the placement price over a number of weeks. What a coincidence....

Not a level playing field but we are where we are. The Agm was the place to announce it as now they dont come out of this very well. Early stage investing gives no benefits once again

[hpcg] 07/7/2016 14:04

About now I should think.

[hitch19] 07/7/2016 11:52

478,739,580following the admission of the Placing Shares and the Broker Option Shares would be 478,739,580 ordinary shares.

[hpcg] 07/7/2016 11:22

Sorry! I did buy some more this morning, paid a bit above the placing price, but more than made up for this dilution, though not yet since the placing this time last year. Share count after that was 376096741 and it will be 478739000 approx assuming Panmure place the remainder, which is highly likely. This makes 28% dilution at 6p. The project is now the lowest risk it has ever been so I don't think it is a bad time to buy in or top up.

[ged5] 07/7/2016 10:45

So the two targets set out in the video have been met and there are no delays to the ramp up to 30k tonnes per month from this month.

It seems to me that they have left this to the last minute in the hope that the sale of the latest parcel of diamonds was going to give them enough working capital to see them through to full production.

Either the parcel is too small or the sale wouldn't be in time to meet the needs of the company.

No sign of those large pinks or purples yet.

hpcg, will you not rub it in. I'm just a poor Northern boy with little spare cash, having spent a lot last year on these and since seen my capital erode!

[hpcg] 07/7/2016 10:06

Not an awful placing price, 5% dilution and the equipment is operational. I have a lot of cash so I might take advantage of the price drop this time.

[iicb] 06/7/2016 17:58

Time for lift off soon I hope.

[hitch19] 05/7/2016 21:28

5k short of the last one.

[iicb] 05/7/2016 20:23

fed up of CEO's that don't deliver, hope PL is not another one of them.