This will soon be called Direcorp What have this lot done to such a promising business? How can a business that burns so much money but not actually make it survive exactly?Where did £300k go in a few weeks?Where will today's £300k go and how long will that last, probably another few weeks?Is the business model sound?Loudon seriously needs to start getting this business back on track and fast, else his reputation is in tatters in my view, which would be a great shame as he comes across a gentleman.Highly unimpressed currently Mr Loudon. All bad news and loss loss loss.
Dragon Connection + LDM Ltd Michael Toxvaerd who is on the board is married to Sarah Willingham.[link] He is non-exec director of DCP and also Rasmala.Interested to know more about our subsidiary also, Lace Diamond Mines Ltd.
Interview with PL [link]
From Proactive Investors [link]
Re: Mr Gasken upping stake Looks like he was just trading the share price collapse as this week he has been reducing his stake
Mr Gasken upping stake Inspires some confidence based on current percentage.
DCP worth a lot more than current £8m I hope the board come out with a very favorable outcome for shareholders. I am relieved to see the price heading significantly north again today.
Re: Time to buy but they have also done a lot in the last 12 months, so why has it fallen apart in a matter of weeks....As I said there is some thing not right here.......???
Re: Time to buy Yes, Valency on LSE has been there. He is the most knowledgeable person on mining and diamond mining that I have across on any board, and he was very impressed with the set-up, admittedly that was last year.
Re: Time to buy there is something here that just doesn't ring true...???....has any one ever been to this mine...?
Re: Time to buy I know one thing, they need to fire their financial planner and advisor with immediate effect. Shambolic what is going on here at present, truly shambolic.Fully funded- what a total lie that was.Let hope Mr. Loudon has enough credibility left to turn this situation around, because hes fast running out of it currently and only that will restore it.Jaf - I take no pleasure trust me in calling this right of late. I don't want this situation either. As old b says, one minute all is well and we're flying, suddenly in a short space of time it's going to collapse. What the f***? A promising company with p*55 poor financial planning and control.
Re: Time to buy I must say in my humble opinion. something is not right here, one minute they are flying along,and then every thing goes wrong in a flash ...........I can smell a rat...lol....I wonder ???I might buy a few more on Monday........
Time to buy At todays very depressed price Diamondcorp is worth £9.7 million.They are desperate for cash after running out of money.However, here we have a Diamond mine with loads of money spent to get it in production and already producing,but stoppped working temporarily due to a tiny fire.Will it go bust for the want of a couple of £million. My own view is that that is very unlikeley indeed. The main shareholders will not want to loose their investment and the cash will be found.If not how much would it fetch in a fire sale-certainly more than £9.7 million.In my opinion its a two way bet to double your money. Either the cash comes in or it is sold.I've bought a bundle lets see what happens next week.
remember This PLC was at 9p not so long a go it had no debt and now this where did their mining engineersgo l did email this plc no answer mind you they never answered at the best of times
Re: Excellent last few weeks performance You were right and I was wrong. That is a pity for both of us (not to mention all the others who have a lost a lot of money). In the end, it wasn't accidents or bad management that did it (although they hardly helped);it was the usual story with small companies - lack of cash.