Diamondcorp Share Discussion Threads

[hpcg] 15/2/2016 20:53

haha - I was about to up the ante to cricket ball. Is beach ball sized excessively greedy?

[iicb] 15/2/2016 20:52

Actually, one the size of a bowling ball might be better :-)

[ged5] 15/2/2016 17:40

Another good end to the day. A jump to 8.25 v 8.5.

Not been following today, just enjoying the sunshine on the welsh coast. :)

Next step 9p unless we find one of those tennis balls!

[ged5] 14/2/2016 08:27

"Prices should remain steady this year, said Paul Loudon, CEO of DiamondCorp. The London-based company plans later this year to revive the 1930s Lace mine in South Africa, reportedly named after King Edward VII’s mistress.

“Early this year, there’s real demand from the factories for rough” diamonds, Loudon said in an interview in Cape Town. “It’s not sustainable. It’s not going to last for the whole year.”"

[jaf1948] 12/2/2016 20:06

I wouldn't expect anything less.

[iicb] 12/2/2016 18:25

hopefully theyll find a iia diamond the size of a tennis ball, then we are quids in. till then ill continue moaning.

[ged5] 12/2/2016 12:08

Suddenly signs of life after a couple of quiet days.

[ged5] 10/2/2016 13:28

Yes it's the long awaited resource statement which could make the difference. Still half expecting further announcements of more large diamonds. They keep mentioning pinks and purples/lilac, so who knows?

I don't think the recent finds have been factored in yet.

[ged5] 10/2/2016 13:28

I must get a new laptop. Several letters don't work and it keeps double clicking - hence 2 posts.

[jaf1948] 10/2/2016 12:37

Ged,

Well spotted. A bit disappointing but until the resource update is released, I won't get too worried about them. Even a margin of 70% is very acceptable.

[ged5] 10/2/2016 09:45

Slide 13

Revenue down to R812/t from R1005/t
$150/ct down to $145/ct
Mining and processing costs up to R250/t from R200/t
80% margin down to 70%

[ged5] 10/2/2016 09:09

Went through £3.3M in 3 months.
In ground value down by $300M
Net debt down by £1.7M

[ged5] 10/2/2016 08:30

Just reading it now. It's on the home page of the website. Link in the header.

[jaf1948] 10/2/2016 07:54

Presentation on DCP website from yesterday:

hXXp://www.diamondcorp.plc.uk/investors-and-media/presentations/2016/diamondcorp_indaba2016.pdf

It appears, at first sight, to be the same as the December presentation.

[ged5] 09/2/2016 20:18

Interesting prices today. 7.25v7.75 or 8 for most of the day yet it looked like 7.68v7.9 from the trades. Good end to the day.

No details of the presentation on the website yet. I see Lucara took the limelight today. Maybe DCP soon!

[ged5] 09/2/2016 10:34

Agree HP!

Thanks to Loudspeaker I notice The Mail on Line have published the Proactive article that JAF highlighted earlier on here.

Interesting that it was reproduced the same day Paul Loudon is presenting at Indaba



Panel: Diamonds

Description
Projects, developments and mining opportunities in diamonds

Speakers
Moderator: Barend Petersen, Executive Chairman, De Beers Consolidated Mines
Clifford Elphick, Chief Executive Officer, Gem Diamond Limited
William Lamb , President and Chief Executive Officer, Lucara Diamond Corp.
Paul Loudon, Chief Executive Officer, DiamondCorp

[hutch_pod] 06/2/2016 22:36

Very nice table of expected production.

[ged5] 06/2/2016 09:59

Not sure whether to agree with both those points! ;)

"DiamondCorp’s (LSE: DCP) Lace mine is expected to ramp up to full production in the second half of 2016. The mine is estimated to produce a half-million carats annually until 2040, with peak production hitting 540,000 carats. 7,500 carats were produced through end of last year’s commissioning, with a standout 22-carat, H-color diamond that will be cut into an 8-carat emerald, selling for $110,000."



Not so sure that diamonds can be made into emeralds but "I get the drift"

[ged5] 03/2/2016 12:08

Thanks wisecat2! I suppose the Russians need to sell something with the price of oil so low! Anyway seeing your post has reminded me the cricket has just started.

Thanks for pointing out the proactive article JAF. Since the article is on the DCP website home page I won't reproduce the link but for future reference just put TT (must be in capitals) instead of xx.

A great article! Big diamonds found and water being conserved.

Panmure (house broker) went on the bid in the last hour. Maybe they have heard something about the resource statement.

[iicb] 02/2/2016 18:37

maybe i might cheer up again soon. but ill need to see a share price of 10p again to make it happpen

[hutch_pod] 02/2/2016 17:54

:) ...positiveinvestors.co.uk..

[jaf1948] 02/2/2016 17:07

Very positive article on the DCP website (well of course it would be positive otherwise they wouldn't have put it there !).

hxxp://www.proactiveinvestors.co.uk/companies/news/122052/diamondcorp-builds-credibility-with-high-value-stones-122052.html

[wisecat2] 02/2/2016 14:30

Alrosa PJSC extended its January diamond offering and is set to sell about double the amount originally planned, boosting supplies to the market, according to two people with knowledge of the matter.



Russia’s state-backed producer will probably sell $450 million to $500 million in its first sale of the year, said the people, who asked not to be identified because the information is private. The sale has lasted longer than the typical 10 days, the people said.



The move follows a bigger-than-expected sale from rival De Beers last month and is an indication that the two biggest producers, which control almost two-thirds of global diamond supply, are seeing better demand for rough gems amid shortages of some stone types. The industry cut production and held back sales last year as prices slumped 18 percent after China’s economic slowdown and an industry-wide credit crunch curbed purchases.

[iicb] 01/2/2016 14:34

looks on paper a reasonable appointment.