Diamondcorp Share Discussion Threads

[ged5] 19/7/2015 09:53

From the results:-

" Processing of K6 kimberlite recovered from the production level drives has commenced, including recovery of a 19.83 carat clear white gem diamond, being the largest gem diamond recovered from underground development so far, and a 4.38 carat D Type IIA white. The recovery of a Type IIA diamond has value implications for the entire resource as it means Lace has the potential to produce large, very high value diamonds."

This week from Lucara Diamonds:-

"The highlight of the sale was a 341.9-carat Type IIa diamond that sold for $20.55 million, or $60,114 p/c."

[jimbobjames2002] 17/7/2015 20:54

Here you go iiCB:

Zak Mir's Bull Call Of The Day: Diamond Corporation: Ongoing Bull Run Targets Towards 20p

By Zak Mir | Tuesday 14 July 2015

Although “the trend is your friend” can very often turn out to be one of the less useful stock market sayings, as by the time you spot it the trend is over, the situation at Diamond Corporation looks to be a decent example of this.

This is said on the basis that the bull run here started as long ago as the beginning of last year, and since then we have seen the shares remain largely above both the key 50 day and 200 day moving averages. They are currently running at 10.94p and 8.45p respectively, both rising and both adding to the positive momentum of the past 18 months or so.

The view here from a technical perspective is that this momentum is likely to be maintained for the near term, with progress to continue within a rising trend channel which has been in place from as long ago as the summer of 2012. The resistance line projection of the channel is heading as high as 20p, a destination which could be on tap over the next 3-4 months. This is particularly the case while there is no end of day close back below the 50 day line. Indeed, given the currently overbought RSI at 77, one would appreciate any dips towards the 50 day line to act as buying opportunities which would improve the risk / reward of going long in a mature uptrend situation.

[iicb] 14/7/2015 17:25

jimbo, can you post it please?

[ged5] 14/7/2015 10:19

granitetim,

If you click on the sharenet link in the header and put DMC in the search it shows yesterday's close as 265.

240-263 is the latest shown prices.

here we have 13-13.35 1 v 1

[jimbobjames2002] 14/7/2015 09:27

Heading towards 20p according to Zak Mir on technical levels:

hxxp://www.shareprophets.com/views/13538/zak-mir-s-bull-call-of-the-day-diamond-corporation-ongoing-bull-run-targets-towards-20p

[ged5] 14/7/2015 08:24

Looking very good now. Let's have those updates.

[granitetim] 14/7/2015 08:03

Yesterday in Johannessburg


JSE: DMC 222.00c+19.37 %

[jahl frezi] 13/7/2015 20:33

Proper break out started. Quarterly update due as is a resources update. Vroom vroom

[iicb] 13/7/2015 18:29

"and may we get A LOT more :-)"

Lets hope so! DCP should start to go on a roll now, all dots lined up into production now.

CB

[keifer derrin] 13/7/2015 13:31

guess it's better than nothing....but not happy seeing the way the share price has increased....but I guess a profit is a profit.... and may we get A LOT more :-)

[hpcg] 13/7/2015 13:24

It looks like the brokers over committed. I got 28% through H-L and 33% through Barclays.

[keifer derrin] 13/7/2015 13:23

Barclays.....if you got 70% I'd better have a word with them...thx for the heads up....

[mokhan2] 13/7/2015 13:13

Who is your broker? Halifax gave 70% of whatever extra was requested.

[matt123d] 13/7/2015 13:11

Looking good here. 25p target.

[keifer derrin] 13/7/2015 12:59

great rise today - shame I didn't get all of the extra shares I wanted. Only got 3000 out of 10000 requested.... this was on top of the allowance.... :-(

[iicb] 13/7/2015 00:40

i like the diamond picture

[hpcg] 11/7/2015 22:36

A greater variety of names posting shows an uptick in interest. In this case I think publicity in the form of tips or news articles could close the gap to the discounted NPV.

[jahl frezi] 11/7/2015 18:55

Well boys and girls i reckon we have got ourselves a proper break out. Time for a tip or a good update and 20p is in sight

[iicb] 10/7/2015 16:59

Give it time, launch isnt too far away i doubt.

[lak342] 10/7/2015 15:53

For those interested in mining companies check this Interview with Charles Gibson: Head of Mining at Edison Research

[matt123d] 10/7/2015 15:37

Taking out the inside month to the upside now.

[matt123d] 10/7/2015 15:02

Looking good. Very little stock on offer as well.

[abacus23] 10/7/2015 14:58

Its starting to move.

[tiger60] 09/7/2015 21:15

Waste of time dealing with facts? Commissioning defined as bringing into working condition. Complete to a point of starting.

Jaf, i am a big shareholder. I believe in the asset and the mgmt's ability to get it into production with possible massive upside from the next resource statement. Remodelling based on 300 odd carats doubles the already massive profit margins.

All i am saying is we had approx 15% dilution of which we were allocated 1 for every 17 shares. It is not a level playing field i accept that but the pr about shareholders joining in must be set against the facts. Aim shares are skewered towards the directors.

Go collect your toys and come back...you know you will