Diamondcorp Share Discussion Threads

[pharmoutcomeszzz] 06/6/2016 17:17

Then sell your shares, take your misery elsewhere and buy something that you've researched properly.

[iicb] 04/6/2016 15:50

I suppose one thing we need to the think about whilst we have this depressing going nowhere share price is that due to the cash calls, we have a lot more shares in issue that before and hence we need more success from the business now just to get back to a 10p value. I don't think this is going anywhere now in a hurry. Shame.

[hpcg] 03/6/2016 16:51

I hope someone knows something :)

[iicb] 31/5/2016 14:01

hate to say it, but the BoD have killed this share in the past year and it cant even move from 6p now.

[iicb] 23/5/2016 15:01

Oooo, a little bounce today

[tiger60] 22/5/2016 16:18

Interesting times ahead. Believe the management that they will hit 30,000 tonnes in july and subsequent months then buy and buy again. The market seems hesitant. Is the story more fiction than fact? We will find out very soon but it seems hard to reconcile company statements to market price. Surely, they will hit july targets when they have reiterated them again and again, including a few days ago. The short period between now and july would leave little room for any mishaps to upset their timetable. Maybe the AGM will add more clarity. Fascinating to see how this plays out.

[wisecat2] 22/5/2016 13:16

Remember two sellers of nearly 10m shares in the last few weeks has filled most of the appetite. This stock is still under the radar for most people but that could change July time and as Darcon said the share price will look after itself on positive news.After being so patient we are due some luck with the possibilty of a multi bagger

[darcon] 22/5/2016 12:51

This is a low cap low liquidity stock. The less risk averse who are aware of the stock and ready to take a punt on the prospect of production have mostly filled their positions or are at the limits of their desired exposure. Consequently there isn't much demand for the stock.

On the other hand there was a recent placing below the price range of 7-9pence and some of those new holders probably chose to take profits or derisk.

If we continue to get positive news on production and sales and the cash position is allowed to grow then the share price will take care of itself as the more risk averse will be drawn to invest at higher prices.

Patience is required.

[tiger60] 22/5/2016 09:48

Well it has all gone very quiet on here, matching the sudden lack of movement in the share price

Moments like these are rare. The chart above shows we are near our recent lows and any bounce could see high percentage returns. On the face of it we are less than two months from our production goal (30,000) in july. A target the company have reiterated numerous times (including a few days ago) so you imagine they are confident. So whats wrong with the sp?

Is it just market malaise or something more closer to home. Output so far has not met forecasts and the tonnage numbers for jan, feb, mar and april seem to be missing. Should we worry?

It is a tough one. At 6p it would take some serious bad news for us to crash through lows of 5.76p from a chart perspective but if cash is an issue i cant see them getting a placement away to help if you assume management are correct with their july predictions.

This is now a battle of nerves but i am now erring on taking a chance. Will wait until this Friday to see if an rns comes out but if nothing I may take a bold step and hope for a short term gain. (My concerns are the ever changing resource statements, clarity on current output and clear monthly cash burn numbers. Another fund raising or new debt would kill any respect for mgmt after their statements about adding value for existing shareholders and throw doubt over their forward statements).

[darcon] 20/5/2016 07:00

Anyone planning on going to the AGM?

[jaf1948] 19/5/2016 10:19

iiCB,

Whilst your comment is valid, it conflates two different but related issues - the share price and the company.

We are all here to make money, that is a given. Those who are here for the long term are more interested in the progress of the company - if the company is on a firm footing and moving in the right direction, then that is what we are looking for. The share price will in time reflect the company's success.

If you have a shorter time scale, the daily, monthly and even annual fluctuations are of course of more concern. So yes, the share price has been a 'massive let down' over the past year but the company has continued to make progress (albeit too slowly) over that time which is why I am relaxed.

[iicb] 16/5/2016 20:33

when you look at that chart above, the last year for this stock has been a massive let down sadly.

[iicb] 16/5/2016 20:32

Surely they now need to be sending regular parcels? What frequency do they intend to send these parcels in the coming months?

[tiger60] 14/5/2016 14:44

You think?

To me you come across as a 'blue sky' investor who is an apologist for the company and with little original thought.

It is fine to support your investment and these boards are primarily full of people looking for others to justify their expenditure and leave them with a feel good factor for the rest of the day. The professional investment community laugh at these boards. It does not mean they are not worthy of review whether it be for light relief or the odd interesting post but you come across as a lottery investor.

As you are answering questions. Did you reinvest last year at 10p? If so you have a hefty paper lose on that portion. I expect the standard reply will be the fundamentals are the same, the diamonds are in the ground and I am a long term investor. True there are all types of investor but one thing we all have in common is we are here to make money and DCP is not making many people that.

The problem is the time it took them to make up the first parcel of diamonds and even then it was under expectations.

We need to see the next update. Judgement seems to be erring on the side of a disappointing one and the latest share trades would back this up.

I now have a small position nothing more but it does not mean that I won't change my mind as events unfold official or unofficial.

Good luck all, even Jaf.

[jaf1948] 13/5/2016 18:08

iiCB,

If someone asks me a fair question, then I feel it is only right to try to give a reasoned answer (but I do have a tendency to lapse into sarcasm occasionally).

I know that not everyone will agree with my thinking but that's one of the pluses of using a bulletin board to get all viewpoints.

[iicb] 13/5/2016 17:58

thanks for comment Jaf.

[jaf1948] 13/5/2016 17:34

'You believe management are doing well others may believe they could do better.'

As the weekend is ahead, I have set a little quiz. I don't not want your answers - it is simply something to ponder if you are so inclined.

Given that DCP had little cash and no income up to a couple of months ago, how would you have dealt with the following situations between 2014 and 2016:

1. A strike by workers
2. A cave-in at the mine
3. Imposition of new safety requirements
4. Opportunity to buy some trucks at a quarter of their full price

Try not to cheat by using hindsight.

If your answers are in any significant way different to those the BoD took, then I believe we would now have more dilution, be further away from production or have higher running costs or any combination of these.

[jaf1948] 12/5/2016 15:21

Ged5 12 May'16 - 13:24 - 1839 of 1839
For someone who says they are a long term holder you seem unduly worried about short term fluctuations.

JAF1948 11 May'16 - 16:45 - 1836 of 1839
Therefore, the daily fluctuations ...is of little interest to me.

What part of my sentence did you not understand ?

[ged5] 12/5/2016 13:24

For someone who says they are a long term holder you seem unduly worried about short term fluctuations.

You believe management are doing well others may believe they could do better. Personally I'm very disappointed about a 12 month delay. But we all know that mining is full of risks and can take a long time to come to full fruition.

However I too am surprised at the selling so close to production. But not everyone has the same timescale for holding shares. This market is accessible to people all over the world and each have their own reasons for buying and selling.

For whatever reason there is a seller(s) and it may or may not have anything to do with what the company is doing. The good news is that at some point they will stop and the price will hopefully start to rise.

You say "This was a good investment this time last year when the share price was around 10p" yet last April Darwin were shorting DCP although they had closed by the end of May. Look at the rise last May.

There are no shorts at present but when the seller finishes will we have the same sort of rise?

Other things to look forward to:-

Full production in less than 2 months.
Possibility of big finds any time.
Dividends over the coming years.

Now is the time to accumulate because I don't believe this price will last for long.

14-15p are brokers forecasts without the surprise element of large stones so a chance to at least double your money!

[jaf1948] 12/5/2016 12:14

iiCB,

No, I haven't spoken personally to Mr Zuma about potential revolutions in South Africa, nor have I asked Paul Loudon if there is something they haven't told the market yet.

Does it have to be for a reason ? The share price doubled last year because some people felt they would make a killing when the mine went into production but didn't factor in any problems occurring, which then duly occurred. These people thought they had a reason but they were wrong. Some people have sold over the past few months bringing the share price down thinking there would be further delays and/or placings. They too had a reason but so far they have been wrong as well.

I constantly re-evaluate DCP and at the moment I see no reason to sell. But, as John Maynard Keynes so aptly said (well actually didn't say exactly) 'When the facts change, I change my mind. What do you do, sir?'.

I now await the two idiots to vote my post down again.

[iicb] 12/5/2016 12:02

Jaf - have you checked external factors in your assessment of current share price It has to be for a reason really.

[jaf1948] 11/5/2016 16:45

It's a fairly simple process to go through: Have costs gone up ? No. Have the amount or quality of the diamonds gone down ? No. Has demand significantly decreased ? No. Is the company cash-positive until production ? At this point, yes.

There is no financial case to sell at this moment (leaving aside one's personal situation). Therefore, the daily fluctuations and the paranoia of some investors is of little interest to me. This was a good investment this time last year when the share price was around 10p. How it can be a bad investment now with full production only weeks ago is something that I cannot resolve or, to be honest, something I want to waste much time thinking about.

[wisecat2] 11/5/2016 16:18

More like two sellers but one maybe selling over 5 million shares. Some people maybe getting spooked by the mine regulations changing in South Africa which have no effect on DCP. It seems to be all about BEE and as far as I can see DCP is fully compliant. Buyers are picking up the pace as the selling is less aggressive and we enter an exciting few months. Fingers crossed