Diamondcorp Share Discussion Threads

[hutch_pod] 12/6/2015 17:46

As you said the other day, let's not go there again :)

[jaf1948] 12/6/2015 17:33

Many investors, especially on AIM, automatically associate the word 'dilution' with something that is bad for their investment. In this case, IMO, it was the lesser of two evils, a view that seems to be quite widely shared.

[iicb] 12/6/2015 17:05

The instant bounce back shows you how this stock is rated currently. A strong buy I believe!

[wisecat2] 11/6/2015 16:11

Theres a clue there

[jahl frezi] 11/6/2015 15:51

you sell 250k online at 11p! and only buy 10k 11.25!!

[jaf1948] 10/6/2015 16:12

Yes, the fundamentals and prospects for the company are as good as they were two weeks ago (better, in my opinion, but let's not go there again) so I await the next piece of news at the end of this month from the UK4 block drilling.

[hutch_pod] 10/6/2015 15:48

Hopefully today was the weakness over with.

[hutch_pod] 09/6/2015 15:34

FYI, back in May, Northland had forecast revenue for 25 years at $1,892m, and the Acrux royalty was at $55m as mentioned above. Cashflow was $812m, and after minority interest, that gave $609m, net of royalties.

Make of that what you will..

[jaf1948] 08/6/2015 18:33

Sorry, I didn't realize that we were playing a game of fantasy options. Neither of us know what other options might have been available so I preferred to keep the discussion about what actually happened.

[tiger60] 08/6/2015 17:34

One more time - do you think the only two options are acrux or placement? Have you heard of a Term loan facilty, Revolving loan etc.? There are many ways to finance working capital requirements. Standard Bank, for one ,are a SA bank keen to back domestic business.

Who do you think participated in the placement? Were you offerred any? (No - what a surprise!) What are the odds Laudon, Worthington et al report increased holding in the next few days? Why did they participate? Because it is free money/shares to them.

Keep posting hurrah posts, that is what most people want to hear but the truth often hurts...signing off - the board is yours

[jaf1948] 08/6/2015 17:28

You can't have it both ways. If you don't like the placing, you must prefer the previous deal - there are no other options and the Acrux deal would have cost us $56m over its lifetime.

[tiger60] 08/6/2015 17:09

You are making presumptions and stating stand points that I didnt say. I am not going to debate/argue with you any more as you seem oblivious to the options. Good luck (but you're never to old to learn).

[jaf1948] 08/6/2015 17:03

We've been through this before - you are saying you are happy to lose $56m over the next few years, which, if not naive, is short-sighted.

The bottom line is do we want to hold shares in this company. I do, and I am happy with the management. You do, but you are not happy with the management.

Chacun a son gout, as they say.

[tiger60] 08/6/2015 16:56

Aplacement is rarely good for existing shareholders, especially at a discount (which is the norm). I think you are being a bit naive if i may be so bold. Wait for Uk4 and get debt financing. A revolving loan with maybe a commitment fee payable in arrears would of been preferable. Not sure of the mkt for DCP but it might be more open to them backed up by the results.

[jaf1948] 08/6/2015 15:12

Tiger,

'placement at a discount of 10% when most thought that option was gone is not acceptable.'

On the contrary, it is not only acceptable to me and many others but a preferred solution.

[tiger60] 08/6/2015 13:06

Still remain very confident of great returns here over the next few months but we need the open offerring out the way asap.

Maybe time for another powerpoint on the dcp website reestablishing expected timelines, and maybe more detail on the timing of the placement, especially In light of the year end accounts, chairman et al statements on the future. Laughable they can get away with their statements knowing the placement was days after. If they want to engender trust it was not the way to do it. Lip service stating shareholders come first, followed by a placement at a discount of 10% when most thought that option was gone is not acceptable. But then again what can we do other than appeal to their sense of corporate/public responsibility to share all relevant information, including prod date! A 6 month window is not good enough when we are already in june

[hutch_pod] 08/6/2015 12:56

Regarding the second half of the year, didn't they flag H2 2015 back in Jan this year? It would be good to have a better steer by now though.

I guess we will be seeing the updated and final resource by the end of this month, and expectations have been quite firmly set for a siginificant uplift?

[smarm] 08/6/2015 12:29

tiger - yes indeed.

So either they had no choice on the timing for the placing or there is no good news pending.

Why was the placing at such a discount - or any discount - when good news is 'surely' round the corner.

S

[tiger60] 08/6/2015 12:14

My issue is the contradictory messages coming out of DCP. The placement was at 10p and done prior to the update from uk4 (less than three weeks to go) but they are cancelling the plans for the financing agreement due to a new found believe in the quality of diamonds. Does it not follow that their hopes for the bulk tests are heightened and expect good news. In which case it follows any placement should of been scheduled for end of June when the share price will find new levels post announcement?

Along with a shift to saying prod is in the second half of the year when we are already in June seems a bit defensive. If the conveyor belt is fully working per schedule in july and you take all the other published information available prod should be in August (but i doubt it)

[smarm] 08/6/2015 11:54

JAF - what facts do you want? I cannot know anything that is not known to the market so it is just opinion. Beats me why you have such a problem with that.

tiger - the final chapter doesn't always work out either. Look at CEY....no doubt JAF would say it's wonderful coz up from the 2013 low but for those who rode the wave up, the fairy tale didn't exactly work out. KYS is another example...shareholders had to be nifty there as it was sold via the back door. VGM and MTL two further examples.

Anyway, hopefully things will go smoothly here. Does anyone have an up to date DCF analysis?

S

[tiger60] 08/6/2015 10:12

The numbers are sobering and unfortunately common for AIM miners and O and E companies. Just look at BLVN for example, tapped investors again and again and mkt cap a fraction of the costs and they still have no revenue stream, just a cash burn of a million a month.

The trick is not to buy into the story until the final chapter. But it is a lesson to be learnt the hard way.

[jaf1948] 08/6/2015 09:34

smarm,

It is clear that we have no chance of a meaningful dialogue. You write 'The bigger picture is not so rosy' but I see a fully funded mining development with good labour relations, strong management and going into production this year.

You are, of course, entitled to your opinions but you do not support your comments with factual information so I will end our conversations here.

[smarm] 08/6/2015 07:53

Jaf - I think the finance fell through...that is an opinion...opinions are formed for many reasons, some of them more heuristic than backed by fact. Why does it trouble you so much, it doesn't matter if it fell through.

Yes, I too was buying low and have done well here but our blinder is not the bigger picture, is it. The bigger picture is not so rosy and again I'm not so sure why it troubles you so much to have it discussed.

The more interesting discussion is what value the market will put on our mine once it is in production. I say that because you have missed the salient point that the market cap is broadly the same as when they started....giving no value whatsoever to their achievements to date.

S

[jaf1948] 08/6/2015 07:24

smarm,

You clearly are not going to answer why you think the financing fell through and now you post some very selective figures.

As you well know, the vast majority of AIM shareholders do not buy and hold shares for the long term and will have bought their shares in DCP during the past 2 or 3 years. In 2012 the share price was 5p so the vast majority of current shareholders are sitting on a large profit rather than 'crucified'.

Your emotive language simply shows that you have a downer on DCP for some reason. And yes, I DO think they have played a blinder in the past 4 years - the shares are up over 100% in that period - you don't mention that.