Diamondcorp Share Discussion Threads

[keifer derrin] 13/9/2016 09:58

Ged5 - I agree that is yet another poor communications from this company - all we've had for years is constant stream of bad news....

I appreciate that mining is a difficult task and have dealt in a lot of mining companies over the years - some I lost money with and other like CEY make a lot of money. CEY being a perfect example on how to keep people informed with bad as well as good news. At one point I was down 50% in CEY, but I had faith in the management as correspondence from them was believable. In fact I paid off my mortgage thanks to them. But with DCP I dread seeing an RNS and I see I was right again to dread seeing yet another bad RNS.

This company always seem to find something to disappoint shareholders. they need a CEO that is focused and not changing his mind every RNS. We were told that they would do end of month selling - now they changed there minds to do it in the middle of the month.

They decided to buy some second hand lorries - thankfully now working, but cost a lot of time and money "fixing them". There weren't in the original plans - and because of this we had more dilution.

Just get mining and make some money - then start "tweaking" around the edges...

But i guess they don't care, because they are still being handsomely paid....

rant over.......I will now disappear again and wait until I can break even and get out this company......or what would be nice to make a profit - but not holding my breath....ok now rant over :-) lol

[ged5] 13/9/2016 09:01

I expect honesty and clarification on material matters so yes in that respect you might say I am in an unreal world because there is deception and a lack of clarity.

However when I've calmed down I'll reread the RNS.

Maybe we will have more of an inkling about the company value after the announcement in SEVEN days time and we will know much more in December.

[ridicule] 13/9/2016 08:31

Ged5 You are in an unreal world. The issues you are saying should be RNS'd are every day events. If every company RNS'd at your proposed level of granularity the whole system would collapse under the data overload.

DCP have gathered the events over the last few weeks and delivered an overall operational position covering both challenges and solutions to those challenges. I have no problems with this and have topped up this morning on the drop.

I await the outcome of the September sale in just 4 days, which will determine Company value for better or worse, with much more interest and, perhaps, trepidation than the issues that you are taking issue with.

[ged5] 13/9/2016 08:05

Don't be so ridiculous! These problems must have been known at the time of the last announcement. Important information was withheld. Even the statement about the sale commencing end of August could be viewed as deception!

[ridicule] 13/9/2016 07:54

Guys lighten up these issues are not unusual in new or restructured mine development. The next 6 months still looks exciting.

[ged5] 13/9/2016 07:39

Appalling, disgraceful, shambles!

[tiger60] 13/9/2016 07:21

I truly despair. Time and time again - surely they should of put out an rns for the August disruption? Utterly indefensible.

[iicb] 12/9/2016 19:20

It's day in the sun will come some day

[tiger60] 08/9/2016 20:32

There is absolutely no goodwill factored in to the share price and at this stage when we are in production it is a staggering judgement on the events of the last year or so.

[iicb] 08/9/2016 13:39

Become a dull and diluted share now.

[tiger60] 06/9/2016 20:12

Have they still not found a finance director? This needs addressing now.

Price to buy currently slightly below 7p so no surprise if it edges lower this week in the absence of any news.

It has been a long and frustrating wait. I think the pr/marketing could be turned up a notch or two.

[iicb] 01/9/2016 20:40

08:55 - 01/09 Buy 500000 7.25p £36,250.00
17:28 - 31/08 n/a 251800 7.00p £17,626.00
17:08 - 31/08 n/a 251800 7.00p £17,626.00
10:36 - 01/09 Sell 250000 7.01p £17,525.00
13:50 - 31/08 n/a 250000 7.00p £17,500.00
13:14 - 31/08 n/a 250000 7.00p £17,500.00
10:42 - 31/08 Sell 200000 6.75p £13,500.00
10:42 - 31/08 Sell 200000 6.77p £13,530.00

[hitch19] 01/9/2016 06:16

Bang on mid price trades could be either way.

[mesquida] 31/8/2016 20:56

Presumably we will shortly get news of the August diamond sales.

[iicb] 31/8/2016 20:03

I notice them also, someone buying about 60k worth in blocks.

[hitch19] 31/8/2016 17:44

Some chunky trades

[ged5] 26/8/2016 09:40

This week's market reoport:-

Far East markets waking up with increase in activity as dealers prepare for Hong Kong show. Far East demand for larger 3 to 8 ct. stones getting more attention with D-F, IF-VVS goods becoming more interesting after price declines in recent months. U.S. market uncertain with some action in New York during DDC’s India Week. Signet 2Q sales -3% to $1.4B, profit +6% to $82M as private equity firm Leonard Green invests $625M. Tiffany 2Q sales -6% to $932M, profit +1% to $106M. Michael Hill FY revenue +10% to $421M, profit -29% to $15M. Dominion 2Q sales -24% to $160M. Swiss watch exports -14% to $1.7B in July. India July polished exports +1% to $1.7B, rough imports +27% to $1.4B.

Fancies: Markets slow. Large 5 ct.-plus fine-quality goods getting more interest. Ovals and Pears steady. Emeralds selling with improving large-stone demand. Princess and Hearts slow. Top-quality fine-cut fancy shapes OK but buyers are extremely picky. Overall fancy shape prices relatively soft. U.S. demand supporting market for commercial-quality fancies, especially for sizes under 1 ct. Far East fancy demand weak. Buyers are very selective and insisting on excellent-shape proportions. Significant price differentials between excellent- and average-cut fancies. Off-make, poorly-cut fancies illiquid and very hard to sell, even at very deep discounts.

United States: Improved activity during India Week in New YorkDiamond Dealers Club (August 22 to 25). Overall polished market still cautious. Dealers looking for buying opportunities and better margins shift attention to larger diamonds. Melee weak. Retail jewelry sales unpredictable. Sentiment weak with regular reports of store closures and cautious consumer spending. Market expected to improve in post-election holiday season.

Belgium: Market slowly opening up asdealers return from vacation. Trading expected to be stable until Hong Kong Jewellery and Gem Fair (September 13 to 19). Steady demand for 0.50 to 0.80 ct., D-I, VVS1+ diamonds. Rough trading stable following ALROSA sale (August 15 to 19) with Russian goods selling at mid-single-digit premiums on the secondary market.

hxxp://www.diamonds.net/news/NewsItem.aspx?ArticleID=57819

[ged5] 25/8/2016 10:32

Diamond markets quiet and conservative. Buyers selective and price sensitive. Dealers hoping Sept. Hong Kong show will stimulate stronger 4Q polished trading. Chinese consumer confidence stable but Hong Kong luxury continues to slide. Polished suppliers under pressure with rising inventory and tight liquidity. Israel’s FIBI bank raises collateral requirements for diamond loans. Steady demand for 1 to 2.99 ct., D-I, SI1-I2 but VS+ softening. Stars and melee weak with sluggish demand and concerns about synthetics. Titan 1Q sales +4% to $416M, profit -16% to $19M. Gem Diamonds 1H revenue -8% to $109M, loss of $16M vs. profit of $26M. Botswana 2Q rough exports +16% to $980M.

Fancies: Markets slow with some weakening of prices. Ovals and Pears doing well. Cushions supported by specific orders. Emeralds selling with improving large-stone demand. Princess and Hearts slow. Top quality fine-cut fancy shapes OK but buyers are extremely picky. Overall fancy shape prices relatively soft. U.S. demand supporting market for commercial-quality fancies, especially for sizes under 1 ct. Far East fancy demand weak. Buyers are very selective and insisting on excellent-shape proportions. Significant price differentials between excellent- and average-cut fancies. Off-make, poorly-cut fancies illiquid and very hard to sell, even at very deep discounts.

United States: Slight trading improvement but polished buyers in summer mode.Demand selectivewith lower prices spurring buyer interest. Retail sales uneven with growth driven by higher average prices rather than increased volume. Independents assessing inventory requirements for holiday season. Consumer sentiment stable.

Belgium: Market quiet with bourse services closed until August 22.

hxxp://www.diamonds.net/News/NewsItem.aspx?ArticleID=57776&ArticleTitle=Rapaport+Weekly+Market+Comment

A little buying today to coincide with the reopening of the Belgium bourse.

Thanks for your link Darcon. Still some suggestion of a bid for DCP though I hope it's very much higher than the present price.

[hpcg] 23/8/2016 09:37

Interesting Darcon - an external consolidation is much more legitimate as a possibility than AAL taking over smaller operations.

[iicb] 18/8/2016 16:45

this is quite the snorefest.

[hitch19] 12/8/2016 19:55

We've found a diamond the size of a football might do it.

[iicb] 12/8/2016 18:45

im starting to wonder what RNS will actually get this moving. all have failed of late.

[darcon] 12/8/2016 15:43

iiCB - in my view we may have recently had our higher low which created the base of a new shallow uptrend channel. Once it breaks through 7p and stays above that level I believe the downtrend channel will have been broken. As we haven't done so yet we are still potentially in a downtrend. The next positive RNS ought to do it assuming it will be positive.

[iicb] 11/8/2016 15:23

most kind ged. interesting read.