Diamondcorp Share Discussion Threads

[ged5] 25/4/2016 08:22

Just lost over £2M off the market cap on 15K trades.

Must be a large sell to be reported!

[ged5] 21/4/2016 10:41

Thank you. They also made this comment:-

"Consolidated rough diamond sales of 7.6 million carats in Sights 1 and 2 of 2016 reflected an improvement in trading conditions relative to H2 2015."

[hpcg] 21/4/2016 09:53

AAL (statement today) continues to manage diamond supply and has several mines on care and maintenance. This should keep a floor under rough diamond prices.

[jaf1948] 21/4/2016 07:42

You didn't say 'the price had dropped', which is true. You said on 20 Apr'16 - 10:50 'Been dropping ever since RNS!' which was not true. Let's leave it at that.

[iicb] 21/4/2016 00:00

Thankyou Ged. Jaf, the price had dropped, it was 8 and 8.5, now it's 7.5 and 8. Those numbers look lower to me.

[ged5] 20/4/2016 15:34

Yes that was in the March resource statement.

At 30000 tpm that equates to 360000 tpa so there has to be lots more mining. Is it suggested somewhere that they are going to mine different blocks simultaneously once production has started in earnest?

[jaf1948] 20/4/2016 15:19

Ged,

Valency, on another board, said this: 'Production estimates of 400k to 500k carats/annum apply to block caving production once the block cave is complete @ 1.2m tons/year.'.

[ged5] 20/4/2016 15:09

Thanks for your kind remark and for your honesty.

We both have time to do some research others don't because of work commitments. I remember seeing what I thought was a good RNS going to work then coming home shattered and seeing the share price had gone down. It's very frustrating! Investors and traders want to see the share price go up, preferably quickly. They don't usually see the intraday movements. So when I see others expressing their frustration I do empathise.

In answer to your earlier question "reduce what?" It was Pamure Gordon's target price reduced. TBH I don't care about target figures but I would like to see their research note. I would appreciate DCP putting broker notes on the website.

I remember seeing the NPV but can't remember where. I don't expect to see 1.2M mined for several years yet.

I've emailed the company about how they are going to achieve 400000 carats per year. I suspect there will be many more cpht in the Upper K4 but I'll wait for their reply.

Good luck to all of us.

[jaf1948] 20/4/2016 14:34

Ged,I have a lot of respect for you so please don't take this as a flippant reply.I neither know nor care about these two things. I (indirectly) pay for the BoD to do these things in the best interests of the shareholders and, as I believe the BoD have done a great job getting us to this point, am therefore happy to let them get on with running the company. I know enough about business to know nothing will progress in a straight line and, as a corollary, know that estimates and plans are exactly that - not guarantees.

[ged5] 20/4/2016 14:27

So what is the NPV and when do you think we'll mine 1.2M tonnes pa?

[jaf1948] 20/4/2016 14:00

You seem to have a problem with numbers. Previously you stated that an actual increase was not an increase because it didn't feel like it to you. Now the share price has been 'dropping ever since RNS!' After the RNS, it actually rose 0.25p, then it fell back to where it was, and today it has dropped 0.25p on a tiny volume. So again you are not being strictly correct - don't tell me - to you it FEELS like it has been dropping ever since the RNS !

There seems to be someone on each of the three BBs I read that feels that they have to find some fault or problem with anything our BoD does. If people don't think the company is run well, then sell up and criticise from the outside (something which I don't mind at all). To keep knocking a company in which you are invested seems a very strange and counter-productive position.

[iicb] 20/4/2016 10:50

Its not helping much! Been dropping ever since RNS! maybe its that new equipment suddenly required? surely they knew they needed some new equipment in such scale a while ago?

[loobrush] 19/4/2016 19:04

On Tuesday Panmure Gordon reiterated its broker consensus on shares of Diamondcorp PLC (LON:DCP) giving the company a ‘Buy’ rating.

Panmure Gordon gave shares of Diamondcorp PLC a price target of 14.5 indicating a potential increase of 79.9% from Diamondcorp PLC’s current price of 8.06.

[iicb] 19/4/2016 18:51

hxxp://www.risersandfallers.com/2016/04/19/recent-broker-updates-on-diamondcorp-londcp/

[jaf1948] 19/4/2016 12:59

Thanks but what about that last floating sentence 'and reduce...' - reduce what ?

[loobrush] 19/4/2016 12:54

Panmure "its a buy"

[jaf1948] 19/4/2016 12:39

You have to be a full (£40 per month) member to read it. What does it say please ?

[thomasthetank1] 19/4/2016 12:23

Read Panmure Gordon & Co's note on DIAMONDCORP, out this morning, by visiting hxxps://www.research-tree.com/company/GB00B183ZC46
"DiamondCorp’s latest update provided us with further confidence of the quality of diamonds produced from Lace and the potential inherent in pricing. In line with the production targets outlined for 2016 and 2017 by the company, we have reviewed our estimates and reduce..."

[ged5] 19/4/2016 11:28

Have we had a broker report recently and what is the NPV?

[jaf1948] 19/4/2016 10:48

I'm not too concerned about the share price at the moment. Last summer the hot money piled in raising the share price to 13p only for it to leave when the delays started.That in turn brought in the doom and gloom merchants which helped keep the share price low even after good news started again. I would much prefer a slow steady share price rise into full production.

[ged5] 19/4/2016 10:32

However the share price isn't reflecting the potential here. Perhaps we need an RNS about what they're having for breakfast. ;))

[ged5] 19/4/2016 08:19

Yes it's starting to look ACE. Over $8000 per carat is a good start.

On track to have revenue of over £9M this year and in excess of £15M next year.

If you consider the figure given in the latest presentations of upto 400000 carats per annum then we are looking at a large upside to the 125000 carats next year.

The production figures given today are based on production we've had so far which has been from K6 and K4.

With the addition to the fleet and mining of the upper K4 about to commence I think we can expect further upside to the above figures.

[jaf1948] 19/4/2016 07:42

I think the header in the last post should read 'LACE' not 'ACE' but perhaps it was a Freudian slip.

Anyway, another slice of good news.

[cpap man] 19/4/2016 07:28

ACE DIAMOND MINE

POLISHED DIAMOND SALES AND PROJECT UPDATE



DiamondCorp, the Southern African diamond mining, development and exploration company, is pleased to provide the following update on diamond sales and production from the Lace diamond mine in the Free State province of South Africa.



The 22.1 carat H coloured diamond sold to the Company's beneficiation joint venture in January this year has been manufactured into two high quality diamonds - a 7.2 carat F coloured VVS2 emerald cut diamond and a 0.9 carat E coloured VS1 pear shaped diamond.



The two polished stones have been sold for a total of US$261,361. DiamondCorp's 50% share of the profit on the sale of the two polished diamonds is $71,979, lifting the total revenue on this one stone to $182,529, or $8,256 per carat.



Commenting on the polished sales, DiamondCorp CEO Paul Loudon said: 'This is an early indication of the significant additional value which can be created through beneficiating special and exceptional quality diamonds from Lace and gives management insight into how the stones perform when they are cut and polished. To date, all the Lace diamonds which we have beneficiated have improved in colour, which is critical knowledge to have for optimising the marketing of our production.'



The Company can further report that all sales proceeds from the first tender have been collected without default and that no diamonds were held back or withdrawn from sale.



With respect to operational issues related to breakdowns on the Company's fleet of existing underground trucks and loaders, management is pleased to report that it has acquired an additional four Sandvik 20-tonne underground dump trucks, two Sandvik 7-tonne underground loaders and two Sandvik single boom drill rigs. Three of the trucks have already been delivered to site but require moderate refurbishment before entering service. The fourth truck, two loaders and two drill rigs are nearly new, having completed less than 200m of underground decline development at another South African non-diamond mining operation which was closed due to low commodity prices. These units will be ready for immediate service when delivered to the mine in the next week.



Whilst representing an unplanned additional expenditure of approximately $1 million, the total cost of the eight vehicles, including refurbishment of the three dump trucks, is approximately a quarter of the price of new units at current exchange rates. These vehicles will allow the Company to achieve tonnage ramp up to deliver 30,000 tonnes per month of kimberlite from the Upper K4 Block to the conveyor belt from July onwards. Taking into account the increase in bottom screen size in the plant from 1.00 mm to 1.25 mm, this production will put the Company on schedule to produce in excess of 75,000 carats from kimberlite in 2016 and in excess of 125,000 carats in 2017.