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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Diamondcorp | LSE:DCP | London | Ordinary Share | GB00B183ZC46 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.05 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
18/10/2016 13:53 | IiCB- I'll take that as some kind of backhanded compliment. I have aged 10 years in 1 week, but am glad I have held my guns and read carefully the knowledgable and learned contributions made on LSE - oops sorry that's almost a swear word in these parts. I recommend it however, especially Valency posts. His knowledge, including the fact he has actually visited the mine and had a detailed tour, puts any knowledge you may exhibit on this subject only partially fitting a back of a postage stamp. I recommend you read and learn- it may even make you less of yo yo grasshopper on speed. | pharmoutcomeszzz | |
18/10/2016 13:15 | Silly me! These are just holding announcements necessitated by this morning's takeover announcement. | ged5 | |
18/10/2016 12:56 | Starting to look a little less risky. Well the Newlands seem to think so. Have these been bought in the open market or part of a fund raise? | ged5 | |
18/10/2016 09:51 | This has really brought Diamoncorp into the spotlight and although they have no cash yet it has highlighted how cheap it is. Its obviously not going bust, as the mine, with all the work done is ramping up to full production and profitable operation. So we will either get a bid for it or a fundraising-lets see which, however in either case I see it higher than the current price.. | loobrush | |
18/10/2016 09:38 | Really did miss this recovery opportunity - well done to all who took the bold "gamble" at 1.2p! | adorling | |
18/10/2016 07:57 | Very interesting RNS's this morning from DCP | cpap man | |
17/10/2016 08:52 | Diamondcorp Plc DMC (JSE) 40.00ZACPrice increase8.00 (25.00%) Oct 17, 9:33 AM GMT+2 - Disclaimer Up 25% South Africa | h2owater | |
17/10/2016 08:28 | Depends on the next RNS. Funding secured 3p plus. No funding then probable suspension. | knigel | |
17/10/2016 08:24 | Yeah why not! I'm In | redsails | |
17/10/2016 08:13 | undervalued??3p today?? | miahkaysor | |
15/10/2016 19:01 | I think we can only but hope for the best. Now we see what PL is truly made of. | iicb | |
15/10/2016 09:05 | However, sources said hopes remained high that the company would firstly find short term funds to pay creditors, and then stabilise its medium-term financial outlook by attracting an investor. “The near complete production ramp up is a key determinant in believing that funds will be forthcoming,” a source said who didn’t want to be named. “Shareholders could not be so stupid as to let the company hit the wall with production this close,” he said. “The negative reaction is way over the top.” Nonetheless, DiamondCorp has warned that it is fighting for survival. DiamondCorp has good institutional support with Barclays Wealth, Black Rock Asset Management and Legal General and Investment holding shares in the firm. “We believe Paul Louden (CEO) and his team have worked tirelessly to get the Lace mine into production and, given, geological challenges, they appear to have done a relatively good job,” said share price Angel, a UK stockbroker, in a note today. “We hope investors will have the fortitude to back the company through this critical phase to ensure the survival and longer term success of the company,” it added. | h2owater | |
14/10/2016 16:17 | [...] DiamondCorp: Section 54 cliff hanger as shutdown closes mine at point of urgent funding • Just as I was getting ready for an invite to the next mine tour, DiamondCorp report a fire in an underground dump truck, though it’s hard to envisage much of a fire in this relatively wet mine. • Rather unfairly, the DMR, Department of Mineral Resources, has kindly slapped a Section 54 shut down notice on the mine, closing the operations in this most critical of financial phases. • It sounds as if the fire was put out quickly without much incident and it may be that the DMR were waiting for an excuse to get inspectors into the mine • The DMR say they want an external ventilation and audit team to inspect the mine. Management expect the mine to be shut for at least a week. • Personally, I’m hoping to get an invite for a future next site visit. I’ve ordered a snorkel and flippers and was idly wondering if it’s better to pack board short or speedos for the underground tour, though hopefully standard issue wellingtons with those steel toes caps will be as much as anyone will need. • It’s a long way down the bottom of the mine these days so I’m hoping the pumps have been properly greased and are working well as well as the kit can. • Warmer weather in the region should at least mean that water from passing rainstorms is at least bearably warm by the time it flows through the old workings and into the lower levels of the underground mine. You never know, if the water flow is strong enough you might get a few micro diamonds washed through in the process. • More seriously, we hope the Industrial Development Corporation ‘IDC’ is minded to restructure the finance payments and that investors / offtakers will stump up the cash to cover the cost of reduced diamond production while the miners clear the overhanging rocks. • The recovery of some larger and more valuable diamonds indicates the mine should be worth rescuing and it’s not much of a surprise that the mine is suffering commissioning issues as it ramps up to target ore production in the lower levels. • Management are looking to strengthen the team through the addition of diamond mining development and corporate finance expertise. We recommend Eric the Eel, as we know he can swim. • Funding: DCP are going to need to find another £500,000 in short order to cover costs and £2.5- £3.0m in the medium term as previously announced to help get the mine to positive cash flow. Unfortunately for the company the investors who were looking at the provision of short term funding have walked away meaning that the company needs to find another investor in very short order to continue trading. • We believe Paul Louden and his team have worked tirelessly to get the Lace mine into production and, given, geological challenges, they appear to have done a relatively good job. We hope investors will have the fortitude to back the company through this critical phase to ensure the survival and longer term success of the company. | h2owater | |
14/10/2016 12:16 | Like you Ged, I've been here for a long time, but this really is the last straw and I'm out. Good luck to any other LTH's who stay to ride it out. | 2vdm | |
14/10/2016 10:19 | old mines notorious they will bleed slowly to death | resourceful | |
14/10/2016 10:00 | Good luck Ged. A right royal mess. | hutch_pod | |
14/10/2016 09:24 | I decided enough is enough. I was going to keep some until next week but today's announcement was the last straw. My last lot went today whilst my portfolio is still in profit. The 13th September announcement did it for me which made it obvious (to me) that the 9th August RNS was deceitful and I have let it be known for what it's worth. A great resource but foolhardy management. If there are any regulars left I wish you the very best. Let's hope the traders lift the share price to a reasonable price for your exit. I hope you traders make some money out of this. Tread carefully the ground is difficult and friable! | ged5 | |
14/10/2016 08:51 | Lace DiamondsResource and reservesThe Lace Diamond Mine boasts a resource base (indicated and inferred) of some 38 million tonnes at an average grade of 24 carats per hundred tonnes (cpht). Despite providing tangible proof of the existence of diamonds at the mine, the old workings have not been included in the companyâs resource statement. | h2owater | |
14/10/2016 08:25 | or did they someone's loading up.risky for me but there's games here wouldn't be surprised with good news very soon | mally6 | |
14/10/2016 07:58 | Companies are required to update the market with any significant developments that could affect the share price Loss of a potential funding source (for a company in dire financial need) is certainly in that category. So they did have to release the bad news. | sleveen | |
14/10/2016 07:32 | doubt it bud, the major shareholders got to much to lose, they will grab a large chunk of shares and give the dollar, bet they hold the shares as well and not dump them on the market like a bucket shop placing, the next two rns are the big ones, 1/ funding of £500k done via major shareholders 2/ mining suspension lifted and lace back to ramp up what will the share price then be eh, im getting a few more today, its a gamble, but a double bagger on those two rns's | grannysnuffs | |
14/10/2016 07:27 | Suspension next | curlly | |
14/10/2016 07:16 | Funding RNS out from DCP | cpap man |
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