Diamondcorp Share Discussion Threads

[smarm] 31/7/2015 07:52

Disappointing but perfectly normal with a mining start up tiger. As you remember they are ahead, so now they are behind on ahead....it's no big deal.

S

[tiger60] 31/7/2015 07:45

Watch the share price

No resource update
No conveyor belt
Production in coming months

If you think that is anything but disappointing I suggest you reread. It is not just a 4 week health and safety related delay. They wont even now suggest a production date after telling everyone at the end of last year that they were 6 months ahead of schedule, then four. And now?

The placement was the flag.

[jaf1948] 31/7/2015 07:27

' -- Development work in the Upper K4 (UK4) block remains close to schedule for commencement of mining operations in the coming months. For safety reasons, underground tunnel development is proceeding slower than planned in fractured ground close to old workings. '

[jimbobjames2002] 31/7/2015 07:26

So the delays are health and safety related - frustrating but better to be safe than sorry.

[ridicule] 31/7/2015 07:24

Glass half empty Tiger. 4 week delay, nothing in mining terms , particularly when safety is the driver. K4 early indications better then expected. Current funding deemed to be adequate to get to full production.

[tiger60] 31/7/2015 07:13

Disappointing -and thats why the placement happened when it did.

No commissioning of conveyor belt - 75% installed
No date on production and jump in costs.

[trendfollow] 30/7/2015 15:58

Chart looking great here, good risk / reward imo stop @ 11 target 14

[tiger60] 28/7/2015 16:12

Not a great pre cursor to news in the next day or two.

Hopefully they can give a more concise production date. H2 is not good enough as we hit the end of July. Fingers crossed everything is still as indicated. Lets wait and see but i think they missed a trick by not announcing the upper k4 results after the open offer closed and thus consolidating gains.

[ged5] 27/7/2015 13:43

Did it look like a sell as mine did?

[granitetim] 27/7/2015 13:24

I also picked up more..

[ged5] 27/7/2015 12:27

Looks like a little bit of selling today. Perhaps some are getting a little nervous about the impending update!

Picked up a few more and immediately Peel dropped their bid and offer.

[hpcg] 21/7/2015 15:50

tiger - I fully endorse your approach, cynical is best.

I doubt there are too many holders here who are under water. I have one trade in my holding from four years ago at around 15. Yes there may still be original investors, or investors who loaded up at the time I bought once, but they are now quite close to break even even in the worst case. People who bought in 2007 or the decline in 2008 were screwed by the financial crisis and not the company.

[tiger60] 21/7/2015 15:40

Look i am no one. Just an investor that can see both sides. Recent investors are very happy and quite rightly so at recent gains but delve deeper and there are many losers in DCP.

It is all about timing and not falling in love with a company. Timing looks good here but the full year account notes gave the company the powers to issue more shares and hey presto a few days later we had a placing whilst the financing agreement was still referenced in a positive light.

It is never going to be a level playing ground. We can only hope production is on schedule for around August/sept . I say Aug/sept based on available info, although the company can now afford to be more specific at this stage. Hopefully in July update. Lets hope luck is on our side as to grades and types.

[iicb] 21/7/2015 15:01

best he gets that conveyor belt up and running, we funded it!

[iicb] 21/7/2015 14:59

tiger - r u trader123 on ii?

[ged5] 21/7/2015 11:26

Is this the interview from April this year with Paul Loudon you are referring to about the conveyor belt? He says it's due for commisioning in July.

[tiger60] 21/7/2015 10:18

I will give you a word for word quote on return to england from euan worthington but the gist was the announcement was delayed (quite rightly) due to the open offer. It was planned for end of june. Now the open offer has gone they should of gone ahead. It will now be 30th july

Always look at the videos as well. There is a great one with pl where he was asked directly, prior to the placement, if there would be a placing - his answer 'never say never' but veryunlikely

I hold a high number of shares and believe in the asset to be world class but those with a longer memory will remember the trials and tribulations over the years of dcp. The snide comments you refer to are all facts. Nothing back on the conveyor belt? Your enthusiasm mists your rationale thinking - typical blue sky investor

[jaf1948] 20/7/2015 18:28

tiger,

The only other mention in the RNS says:

'Processing of kimberlite from development tunnels in the UK4 Block is being monitored by MPH Consulting Limited as a controlled bulk test, with individual batches of ~1,000 tonnes being processed separately and augmented with representative microdiamond sampling. These results combined with previous microdiamond analysis, which has predicted grades from the K4 unit of at least 60 carats per hundred tonnes, will provide the grade data required for the resource statement update by late Q2 2015. Subsequent valuation and sale of the recovered diamonds will provide the carat value required to complete the updated resource statement.'

Again, it is the results from the grade data that will be available by late Q2 2015, not the report itself. If your plan is to mislead, I think you will find that most people on here can actually understand english.

If you want to keep finding fault with a company in which you allegedly hold shares, which has doubled its price in the past year and could easily do so again in the next year, then keep posting your snide and misleading comments. I think most people now understand your rationale.

[tiger60] 20/7/2015 18:18

Keep reading.

And as to correcting again i was right on the conveyor belt but thats when you realised and stopped posting.

[jaf1948] 20/7/2015 17:34

tiger,

Although I have given up posting, I must correct you (once again). Nowhere did it say that the resource update would be the end of June. What it ACTUALLY said in the April 30th RNS was:

'The drilling of the UK4 block provides the volume data required for an updated resource statement. The final resource statement will require grade data from the bulk testing currently scheduled to be completed by the end of Q2.'

If you read it properly, it says the grade data from the bulk testing is scheduled to be completed by the end of Q2 and that this is required for the final resource statement. It does not say the resource statement will be completed by the end of Q2.

[tiger60] 20/7/2015 17:21

Frustrating they told usthe resource update would be end of june. I know there is an update end of july but again missing their own deadlines.

Were the participants of the initial placing made public?

[iicb] 19/7/2015 22:18

thanks jimbo.

[jahl frezi] 19/7/2015 20:33

Spineless cricket unlike dcp management

[wisecat2] 19/7/2015 11:41

Big thanks Ged5 thats cheered me up after watching the cricket for 3 days

[hpcg] 19/7/2015 11:25

Ged5 - funny you should post that as I saw the same. I should really build up a list of large stone tenders prices but never get around to doing the searching.