jaf1948
12 Oct 2016
Re: Running out of excuses Clarence,Although we do not often agree, you are never rude or offensive unlike some other posters, so I listen to what you say.My calls have not been good and I totally feel that DCP's management have failed badly in their communications. But I cannot agree with the constant criticism of this management for the physical mining problems (which they could do little or nothing to prevent) and the frequent cash calls that they have entailed (however much they could have raised in the summer of 2015 would not have been enough as things have turned out).I cannot believe that a project that has come so far will be allowed (by the major shareholders, the South African government and companies who have an interest in Lace such as Tiffany's) to fail at the last hurdle. That is why, despite my huge losses here, I remain optimistic for a profitable future for LTHs.
Clarence Beaks
12 Oct 2016
Re: Running out of excuses wouldnt cling onto that as a reason Jaf. I'm not being rude to you, i just think a guy who has sung a good story and repeated failed to deliver and keeps begging for money to stay afloat is steering it to disaster. he probably can afford to lose hundreds of thousands of pounds like the institution who can afford to lose millions. they may well do so rate its going. the reality is this is no longer viewed by the market as a company with much promise. else it wouldnt have fallen 50% from already falling 50%. Next 50% and this is worth 1.5p.Every month or whenever, PL has to sell diamonds to keep afloat. he now cant produce at the rate he stated, even the one he revised to, hes out of money again, hes still singing its praises whilst failing to deliver, kind of like those sc*m-bags running xsh*te energy - some had big holdings, none delivered, all take great salaries which is disgusting in my view having lost their investors millions, all sung a good story of wealth. This is becoming the same, if this business can't produce a steady flow of diamonds and good ones, it isn't a business which can survive. And a year after being fully funded, it was clearly a lie, PL's credibility has plunged, and his business now needs the begging bowl out yet again, the 4th time.Sorry, but Tiger called it well to begin with, and I think last 6 months I too have called it well, but you keep singing it's praises too and it keeps generating bad news and losing investors more and more money. Not the best investment. I hope for everyone PL sorts it out, but too much bad news has created massive dents in sentiment.
jaf1948
12 Oct 2016
Re: Running out of excuses I posted this on another board earlier today.The share price is currently down over 30% after having been as low as -47%. Turnover today is around 14 million shares or around 3% of the shares, so around 7-10m buy or sells - one can never be totally accurate.Our top seven shareholders hold over 217 million shares or 43.8% between them (as of September 12th). The smallest of that seven holds over 14m shares. One can therefore deduce that no major shareholder has exited the company today.
chaz4u
12 Oct 2016
Running out of excuses How do you know who has sold or not sold they don't tell u
chaz4u
12 Oct 2016
Running out of excuses I am afraid l sold every share l had from 9p to this less than 3p they have a history of getting things wrong so called experts can not spot problems until its to late there are 2 many yes men on here get real if they cared so much they would open up share options to all of you.Enoughs enough.
spike501
12 Oct 2016
Re: See Jaf? Youre way overconfident Jaf - I agree I don't think bankruptcy is imminent although the statement..."finalising a convertible debt facility of c.£500,000 required for immediate financial commitments in order to continue trading as a going concern in the very near term."shows they are sailing close to the wind.They do need to raise another £2.5-3million and although they state is either debt or equity I suspect it will be equity and it will be deeply discounted. As I say I wouldn't be tempted to enter before that fundraising is done or hold through it. Best to protect capital now with a view to get back in later if the refinancing is successful.Best of luck anyway.
jaf1948
12 Oct 2016
Re: See Jaf? Youre way overconfident Valid point. However if they expect imminent bankruptcy, they would have attempted to sell at whatever price IMO.The future is good. The worry is will DCP get to that future. I think yes, others think no. That's what makes a market.
spike501
12 Oct 2016
Re: See Jaf? Youre way overconfident Jaf - what price do you think the major shareholders would get if they tried to dump a significant amount of shares on the market today. The likely reason they haven't sold is because in reality they cannot sell. However it is likely they will be offered a chance to participate in any fundraising at discounted rates, something that won't be available to PIs.I made a bit of money here a while back and it remains on my watchlist - its a shame but I think more due to unfortunate circumstances and one of the risks of a smallcap dealing with a big project. There may well be an investment case in the future but I'm not sure I'd hold through the fundraising that needs to take place.
jaf1948
12 Oct 2016
Re: See Jaf? Youre way overconfident 'It'll get wiped out soon.'Then why are our seven major shareholders owning 217m shares (or 43.8% of the company) not selling ? What do you know that they don't ?
Clarence Beaks
12 Oct 2016
Re: See Jaf? Youre way overconfident Mine - struggling to get into production. Continual problems.Cash - non existent.Debt - rising.Management - losing credibility.A good investment? XEL was a good investmen oncet, look how that turned out - a soul crushing experience with massive losses after lots of lies in it's prospects.History repeating itself here. it'll get wiped out soon.
jaf1948
12 Oct 2016
Re: See Jaf? Youre way overconfident None of our major shareholders have sold today and nor have I. For those of us who understand that an investment may take some time to mature into a profitable entity, it is still a good share. Of course the news is depressing and it is taking longer to achieve profitability than any of us would have liked, but IMO that is no reason to sell at this point.
Clarence Beaks
12 Oct 2016
See Jaf? Youre way overconfident Bernard Matthews should have this company in his sheds clucking with the rest of the turkeys.
Clarence Beaks
12 Oct 2016
Re: Still lots of teething problems dont count on it. this company has been useless the past year, another cash call. never ending. loudon cant deliver plain and simple.
coldascheese
12 Oct 2016
Re: Still lots of teething problems Yep -they certainly are having a few problems here,lets hope this is the last of them.
HPC Follower
12 Oct 2016
Still lots of teething problems Mining problems causing more work with safety issues. More money sought by DCP to see them through to end of 1st quarter 2017, when things should improve. Not sure we have hit the bottom yet, but glad I didn't top up earlier this week.
