Diamondcorp Share Discussion Threads

[hutch_pod] 08/10/2016 12:39

Guess it is low volume, large spread? But definitely holding up better in SA

[iicb] 07/10/2016 19:38

How come the jse is up 12% and we go down yet again? Ah, I give up, had enough for now whatever this stupid downward spiralling share does. Just when I though I was onto a winner.

[hpcg] 07/10/2016 16:38

iiCB - what hammered it home for me, was my statement at the start of the summer after the last placing that if there were any problems then it meant we didn't really have a mine. Realistically I imagine the problems are both in the ground and caused by insufficient capital. They should have attempted to raise several times the amount they did in summer of 2015. Still, that's in the past and can't be undone.

[iicb] 07/10/2016 16:30

no-one has a clue what is going on, but no doubt more bad news coming hence the fall. rotten performance for a company moving into production.

[hpcg] 07/10/2016 12:38

That's me out except for a token 50,000 in case there is a miracle jackpot. I will give myself a slap for halving my capital when I could have doubled it. You know its got to go if you dread the next RNS. There are lots of opportunities out there in the market right now so watching this decay to nothing is a waste of that. More fool me for not respecting the chart.

[iicb] 07/10/2016 11:01

Might be wise to, this just keeps falling daily now. What a flop and there isn't even any news. Market not impressed with loudon it seems

[hutch_pod] 07/10/2016 10:25

Yes. I haven't given up yet.

[loobrush] 07/10/2016 10:06

Is this just a short term dip on a single holder selling or has panic set in.
Maybe they will find a monster diamond next week and shock everyone.
I hope so.
or maybe not-we will have to wait and see.

[keifer derrin] 07/10/2016 09:46

well it hit my 50% loss cap - so I'm out .....good luck and I hope this comes good for all still invested....it did look promising.......should have listen to my gut and got out sooner.....

[iicb] 06/10/2016 20:20

whats your theory there tiger?

[iicb] 06/10/2016 20:12

do tiffanys still have their holding or have they also binned this company now?

[tiger60] 06/10/2016 20:10

The news is a short time away but only once some have jumped

[iicb] 06/10/2016 20:03

don't look at a 3 year chart then - it makes for depressing reading. DCP now at the worst price during that time period, so much hope for the 1yr ago fully funded and commencing production mine.

[tiger60] 06/10/2016 19:10

All so sad

[hutch_pod] 06/10/2016 17:29

Shame you didn't get a response to your question Ged. Guess people are giving up in the absence of news.

[darcon] 06/10/2016 16:38

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?

[ged5] 06/10/2016 11:18

Not sure about the 7p Darcon but there have been several 200K buys recently, which makes you wonder what is going on. The convertible debt facility has still to be announced so why buy now?

I'm sure we'll have an announcement before the end of the month and that there'll be a sale of some sort probably in Johannesburg.

LOL iicb

[darcon] 05/10/2016 18:35

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.

[ged5] 05/10/2016 11:52

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