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Friday 19 January 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


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DiamondCorp – Fat Lady in full flow and an investment lesson

2017-05-10 00:23:25

Fair play to (pro tem, albeit currently suspended) DiamondCorp (DCP). The news is bad but at least the company is being plain about it. Of course, we have to throw in the obligatory “you can’t say you were not warned” ShareProphets catchphrase, as the writing has been on the wall for months, but yesterday’s after-hours RNS looks to be the cue for a long and arduous aria.

DiamondCorp – more bad news: it looks like toast

2017-04-03 03:40:44

The saga of the financial problems facing AIM-listed (though currently suspended) DiamondCorp (DCP) has been followed HERE and this morning’s announcement looks to suggest that the end of the road is nigh.

DiamondCorp – another grim update as trip to corporate undertakers beckons

2017-02-14 05:20:13

AIM-listed DiamondCorp (DCP) has issued another grim update on its predicament and time is running out. As each day goes by, the end of the road for its beleaguered shareholders draws closer and this morning’s news suggests that for all the efforts of the board to rescue the company salvation is as far away as ever. But the fat lady is ready to enter stage left.

DiamondCorp – grim after-hours update, light at end of tunnel fading fast

2017-01-26 01:21:38

Having wondered whether there may be light at the end of a very long tunnel for AIM- and JSE AltX-listed DiamondCorp (DCP), the company released a very disappointing update last night. Even more disappointingly, the RNS hit the wire at 6.31pm, delaying the close of the RNS system for the day. Talk about no-one-is-watching o’clock. The news was bad enough, the contempt for shareholders shown by the timing is a disgrace. It looks like all that may be on the menu is toast.

DiamondCorp – light at the end of a very long, dark tunnel?

2017-01-22 02:45:20

It looked for all the world as though it was curtains for AIM-and JSE AltX- listed DiamondCorp (DCP), but an announcement on Friday sees the company having managed somehow to get a placing away to raise £1 million. Amazingly, with the shares suspended at about 2p pending clarification of financial position in November last year, the placing appears to have been concluded at 4p per share but the issue of warrants on a 1:1 basis, exercisable at just 1p rather takes the shine off that. Even so, the package looks set to raise (assuming full warrant conversion) much-needed cash at an average of 2.5p a share – a premium to the suspension price.

DiamondCorp – a new contender for the most expensive loan in AIM history?

2016-10-21 00:18:18

Well you can’t say you weren’t warned by Tom Winnifrith that shareholders in AIM-listed DiamondCorp plc (DCP) were either about to get screwed or simply lose everything. To its credit, the company had been pretty explicit that it needed a minimum of £500,000 in the kitty and pronto or it would be lights out. With one potential deal scuppered when the potential saviour walked, it looked grim. But yesterday afternoon the company announced that it had secured £700,000 in a Sharia-compliant funding facility with shareholder Rasmala plc. As to the terms, well given the parlous position of the company it is hardly a surprise to find that there are several pounds of flesh involved.

DiamondCorp - it is near death by dilution or just death

2016-10-14 02:21:27

An announcement a day does not necessarily keep the company doctor at bay. Let alone the corporate undertaker. I am afraid, as I really do actually like the management here but the third announcement in three days from Diamondcorp (DCP) really looks grim indeed.

SP Angel Morning Mining note: Acacia Mining, DiamondCorp and Caledonia Mining

2015-12-03 04:02:25

John Meyer of SP Angel this morning comments on Acacia Mining (ACA), DiamondCorp (DCP) and Caledonia Mining (CMCL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Zak Mir's Bull Call Of The Day: Diamond Corporation: Ongoing Bull Run Targets Towards 20p

2015-07-14 00:23:04

Although “the trend is your friend” can very often turn out to be one of the less useful stock market sayings, as by the time you spot it the trend is over, the situation at Diamond Corporation looks to be a decent example of this. 

Zak Mir's Great Request Show: DiamondCorp, Greatland Gold, Toumaz

2015-06-12 03:20:19

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at DiamondCorp, Greatland Gold, Toumaz

SP Angel Morning Mining note: DiamondCorp, Kenmare Resources, Ferrexpro and Ormonde Mining

2015-04-30 03:30:35

John Meyer of SP Angel this morning comments on Ormonde Mining, Kenmare, DiamondCorp and Ferrexpro as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

DiamondCorp back on track

2015-02-21 11:23:52

South African gem miner DiamondCorp (DCP) is coming in for favourable analysts’ attention after clinching a four-year pay deal with mineworkers at its restarted Lace mine in Free State Province and reaffirming its plan to start mining the key Upper K4 (UK4) block at Lace from the second half of this year. Headquartered in London and quoted on AIM, the company, whose shares had collapsed from a 90p float price in 2007 to a recent low of 5.38p, has seen them edge forward to 7.75p, for an AIM tag of £22.3 million, amid hopes that UK4, where DiamondCorp says underground core drilling continues ‘to delineate significant volumes of high-grade kimberlite material’, could eventually achieve annual output of 500,000 carats.

Austerity pays off for Diamondcorp

2014-04-05 11:18:11

Few companies whose shares have fallen 93 per cent since flotation can be expected to show a bullish face to the world. One exception is Diamondcorp (DCP), floated at 90p on AIM in 2007 to restore underground diamond mining at South Africa’s historic Lace mine 200 km south-west of Johannesburg in Free State province and now trading at a mere 5.75p, for a stock market value of only £18.13 million.

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