Diamondcorp Share Discussion Threads

[pharmoutcomeszzz] 29/9/2016 11:52

hpcg: thanks for elevating the iQ of this board and your contribution to the level of debate about a company that is going through tough times is truly amazing. I'm sure you feel better for it. You must be losing a lot of money at the moment.

[iicb] 28/9/2016 20:49

So the 4th cash call then for a fully funded 1yr ago business. How many more I wonder? I knew there would be more. Production problems and cash calls, don't think all good businesses function that way do they? It would also suggest the price is moving totally in accordance to requirements and not buys and sells. Interesting. Means we can't easily win surely here?

[tiger60] 28/9/2016 19:02

We know they need financing. A placement at 4.5 or a punitive rate on a short term loan. I dont think this is investor panic but those on lse keep on making excuses.

[iicb] 28/9/2016 14:05

brace for more bad news - another 20% slice one it arrives probably.

[iicb] 28/9/2016 14:03

be very careful buying this despite the drop today, it's dropped for a reason I'm certain, DCP is normally very static, so someone has learnt something overnight and us lemmings will find out shortly. I've checked lots of news and can't find anything to suggest this fall so far.

iiCB

[ged5] 28/9/2016 12:11

I hope it works for you Hutch_Pod.

Back down to 4.5 v 4.75. So another chance to pick some up at what might be an all time low.

[hutch_pod] 28/9/2016 11:40

Could well be just a test. I bought a little more.

[ged5] 28/9/2016 11:16

Maybe just testing the market.
Well done to those picking some up at 4.75.

4.5v5 now
6v1

4.825 to buy now.

[ged5] 28/9/2016 11:08

4.5 v 4.75

5v1

[ged5] 28/9/2016 11:04

Looks like some are getting panicky about the convertible debt facility or is it because there's no tender yet on the October calendar? Perhaps some are worried there might have been yet another delay.

Once the bad news is out of the way (if any) we might possibly have news about a sale in Johannesburg and hopefully a successful sale in mid October.

[iicb] 26/9/2016 00:32

A long term investment is a short term trade gone wrong.

[tiger60] 25/9/2016 13:01

Erm i think you are forgetting that they admitted exactly that! They said they wished they had raised more last year and admitted it was a mistake!

Who needs a finance director when we are in such a great position!

Let me get this right you are saying the company did the right thing for not planning with a contingency and the best way forward is for management to bury their heads in the sand and hope the event doesn't happen?

Your continued defence of the indefensible is bizarre. But lets quantify this argument. We all want to make money on DCP. How much have you made or lost on paper at this date? I expect the reply will be it is an investment measured in 1,2 or 5 years time but I expect you are already a hefty percentage down (especially if part of the 10p placement). Your continued 'rose tinted' view is an expensive one.

So far it has been an investment disaster and we still don't know the cost in terms of the extra financing. There is 'zero' goodwill factored in because they have failed to meet their forward looking statements over a period of two years.

[jaf1948] 25/9/2016 12:13

.

Apologies for posting on here as I said I was never going to do so again. My post therefore has been deleted (but I cannot apologize for the apology).

[iicb] 25/9/2016 00:07

Exactly T - a lack of contingency if they knew they weren't unusual.

[tiger60] 24/9/2016 08:02

'These operational issues are not unusual' but we didnt plan for it!

[ged5] 22/9/2016 15:12

My apologies, I should have put convertible debt facility which may not be the same. From the half year report:-

"Management considers these operational issues are not unusual in the ramp up of underground mining operations. Further, the financial impact of the operational issues is expected to be met by existing cash and a new third party convertible debt facility. Several offers of new working capital facilities are currently being assessed and management is confident that such facility will be in place in the coming weeks."

hxxp://www.investegate.co.uk/diamondcorp-plc--dcp-/rns/interim-results-and-operational-update/201609130700096257J/

[zedder] 22/9/2016 14:52

You've piqued my interest though Ged5, what is the story with the convertible loan notes?

My main reasons for buying were having seen Starvest (SVE) acquire 340k shares for £25k (so approx 7.35p a share), followed shortly afterwards by the placing at 6p that included members of the board putting significant sums of their own cash in.

[ged5] 22/9/2016 11:37

Ahh, you've been told about that? ;)

[zedder] 22/9/2016 11:21

Don't want to miss out on the RNS about a massive diamond!

[zedder] 22/9/2016 10:21

After a while watching from the sidelines have climbed on board with this one; 100000 at 5.45p.

[iicb] 21/9/2016 20:18

Thanks ged

[ged5] 21/9/2016 10:45

iiCB, google Antwerp Diamond Centre. You should see the website. Click on Continue to Website under AWDC. Scroll down to calendar and you should end up here:-

hxxps://www.awdc.be/en/calendar