Diamondcorp Share Discussion Threads

[ged5] 04/5/2016 10:33

The surprise was that the results were properly formatted this year on Investegate. (Try to follow last years!)

I hadn't realised the waste sorter in the video was only temporary.

"The second stage of the water management project has been trade off studies on different x-ray and optical waste sorting technologies. Because the internal waste with-in the kimberlite cannot possibly contain a diamond, every tonne of waste removed before it reaches the processing plant further reduces water consumption and processing costs. Evidence is also emerging that internal waste (which is predominantly basalt, a harder rock than the rest of the kimberlite) is a major contributor to diamond damage and breakage in the secondary crushing circuits of diamond processing plants, so removing it up front is also beneficial in this regard. During the year, the Lace team completed 3-tonne bulk tests on waste sorting machines at commercial run rates of 250 tonnes per hour. The tests demonstrated that up to 65% of the waste could be ejected before the processing plant without losing any kimberlite. This technology has the ability to cut plant water consumption by a further 33% and deliver a high grade concentrate to the dense media separation units. This technology will be introduced at Lace over the next few years ahead of underground tonnages from the first block cave pushing the plant towards full production.
Also, because our conveyor belt capacity from underground is 400 tonnes per hour (double the plant capacity) and (when mature)the planned block caves can be mined faster than is currently proposed, the waste sorting technology will allow higher diamond production from Lace over a shorter time period."

[darcon] 04/5/2016 08:59

No surprises there.

[cpap man] 04/5/2016 08:30

Final results out

[iicb] 01/5/2016 18:59

Why the massive volume on Friday?

[iicb] 29/4/2016 18:40

Loudon just needs to drum up the interest in the stock again. And actually producing some diamonds and not fundraising anymore would do that I'm sure.

The price is depressing (again), but not surprising given where we are currently. I shall continue to hold and try not to get too grumpy.

[wisecat2] 29/4/2016 17:31

There seems to have been a large aggressive seller of stock ( for whatever reason) overhanging the market for nearly 8 days. A seller at this time when we expect great things has really spooked the market. That now seems to be nearly cleared so hopefully normal service may be close.

[jaf1948] 29/4/2016 15:40

You could well be right, but last summer we did attract a lot of hot money from traders, which promptly went again as soon as the delays became apparent.

[hpcg] 29/4/2016 15:36

I would be very surprised if anyone is trading DCP on a T20 basis. DCP is hardly a sensible trading vehicle and T20 is not generally available to the man in the street. In the UK I would have thought the margin market would be entirely CFD and spread bet.

[jaf1948] 29/4/2016 15:05

Darcon,

The most likely explanation (though not necessarily the correct one) is that it is 19 working days since the April 5th RNS and the large number of transactions could be T20 rollovers. That would explain why the share price is not moving as they aren't 'real' trades.

[darcon] 29/4/2016 15:01

Today's volume is not far off 1% of the share capital. I am fine (albeit feeling a bit uncomfortable) with it staying and shares trading hands at this level until (hopefully good) news. It should then create a nice level of support for the stock to (hopefully) rise higher from in due course.

[jaf1948] 29/4/2016 14:58

tiger60,

I should have done it a long time ago but you are now filtered so do not bother to reply to me. Your last post was beyond what is reasonable on these boards, as well as being wrong on both counts.

[ged5] 29/4/2016 12:06

Some large trades gone through this morning. Looks like some transfers of shares. LSE to JSE?

Asking the full offer price to buy now.

[hpcg] 29/4/2016 10:33

Case in point,

"LSE is a public forum, regulated by the FCA through Admin & we cannot delete or modify our posts therefore they are open to scrutiny at all times and are held accountable"

Completely mental.

[jaf1948] 29/4/2016 10:15

I am not even going to bother replying to hpcg. But Valency's reply on LSE contained a valid and incontestable statement:

'I don't know the individual (tiger60) & have never posted on that blog/forum (ADVFN). LSE is a public forum, regulated by the FCA through Admin & we cannot delete or modify our posts therefore they are open to scrutiny at all times and are held accountable!'

The same cannot be said for ADVFN regrettably.

[ged5] 29/4/2016 09:50

LOL

That brought tears to my eyes with laughter.

Nothing like a generalisation!

[jaf1948] 29/4/2016 07:43

Darcon,

It is not for me to justify Valency or otherwise. His posts are objective and he has actually been to the mine and understands mining and diamonds. If tiger has a problem with him, that is between them.

As for news today, I posted on April 5th: 'I like the way they have moved the quarterly report to now coincide with the actual quarters (we were not due one until the end of April). I think it makes much more sense now that full production is imminent.' Most people seem to have missed that.

As for falling in love with DCP - after my losses on Coffee Republic and Angel Mining, my feet are firmly on the ground with this one. That is why I get annoyed when some people come on here posting unsubstantiated negatives - I try to investigate every negative however ludicrous to make sure my investment is as safe as it can be.

[darcon] 28/4/2016 21:29

I think tiger60 is only referring to the fact that Valency is an anonymous poster on a bulletin board. As with any such poster investors should not put their faith in that person's analysis but should do their own research and verify any statements or analysis for themselves. We don't know who Valency is, who he works for, his holding, exposure, agenda, etc

The other concern is that Valency like you may have fallen in love with this stock. That is always a dangerous thing to do on AIM as it can blind us to the unexpected.

Let's wait until the morning. I am hoping tiger60 is wrong but in view of the recent price action and surprise expenditure I would not be overly surprised if there is a sting to this.

[jaf1948] 28/4/2016 19:38

OK, I'll play your game. Why is he dangerous and expect what news tomorrow ?

Dangerous is a very strong word so you'd better be able to substantiate that post otherwise it's probably libellous and anonymity will not protect you.

[tiger60] 28/4/2016 18:54

Valency is dangerous. Expect the news tomorrow

[jaf1948] 28/4/2016 11:48

It shouldn't be an 'either/or'. The Resource Statement is an objective report of the gem quality of Lace Mine. Valency has then translated that into an investor's viewpoint.

I will happily read anything that helps my understanding of DCP and merely suggested that others might also benefit from it. Read it or don't read it - it's hardly a issue.

[darcon] 28/4/2016 10:55

I agree with Ged5 that the resource statement and technical report is what people should read.

[ged5] 28/4/2016 09:13

Or maybe read the Resource Statement and Technical Report!

[jaf1948] 28/4/2016 08:43

May I suggest you all read the latest posts from Valency on the LSE board. I think it will reassure any doubters about the value of DCP.

[jaf1948] 27/4/2016 12:12

As people keep reminding me, I am old school. When I first started investing in the stock market in the late 60s, there was no Google or BBs so instead you looked at the fundamentals and the balance sheet.

I have a very large investment in DCP because I followed my old rules. We have gone through some bad times recently and that has made some investors and potential investors wary of the stock. I even asked tiger60 to point out the current downside but alas that has not been forthcoming.

People sell for many reasons. However, the recent fall in DCP makes no sense to me. If I am subsequently proved wrong by something the BoD have done or will do, then, as Mr Rumsfeld once said 'it is one of the unknown unknowns'.