Firering Strategic Minerals: From explorer to producer. Watch the video here.
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After going through the slough of despond with this share yesterday, reading your comments has brought me a slim ray of sunshine. Thank you both, even if your efforts on behalf of DCP (and us all) don't eventually bear fruit. I must say the vision of a DCP free of AMCU is very appealing... I don't have the connections you guys seem to have, but as ever if we can get through this I'd be very happy to be a part of the Phase 2 funding. Please keep posting on this board - your comments are invaluable to us all. Otherwys
Thanks folks. Saving DCP (for all of us) and to restore it to its true glory has now become a challenge for me. Not letting go of USD $2 Billion worth of diamonds without a fight. I have a certain turnaround vision for DCP and see this a 50p stock in next 2-3 years subject to successful implementation of the plan. I will draft an email to PL today, putting forward the suggestions discussed here. Will also throw in the "Rights Issue" alternative option if that can be done after the latest developments. Want to give him different options to think through that he can also discuss with Deloitte. Will give it a few days for a response and take it from there. Will plan a 2 week trip to the Mid-East after a response from PL. If I can get a meeting with SWF contact, I will still need to convince them and present very attractive risk / reward scenarios hopefully that they will accept. Only then we can relax. Good Luck all.
If it helps at all I'm based in the UAE so happy to help if required.
I'm on a short classroom break so keeping it short. PL is very aware of current low underground specialist contractor rates as it formed a broad part of our discussion. Negotiations had to persevere until it was certain no resolution would be agreed even though the protracted delay is detrimental. A decision has been taken in terms of final retrenchement of all labour at the mine. I can't foresee any other short route to rehabilitate underground workings other than utilising specialist contractors at this stage which would require an initial cash injection +-GBP1.2m to finance the now defunct placing. Mr+ & all, I think we could gauge the BRP/BoD's forward strategy once an update in respect of Bondholders rollover is recieved in next couple of days. A favourable vote may signal that an alternative strategy has been put forward to Bondholders for consideration? A race does not simply terminate because one is tired & as long as options remain so will perseverance & determination to reconstruct the asset. Wait for the Bondholder update as key to BRP/DCP forward strategy. CRB, thanks for the offer & I'm still in USA but perhaps we could meet up someday as I'm based in Dubai. Thanks to all those that replied for your interesting views & offers of resolve! ATB.
Hell's teeth, we really do have an eclectic mix of talent on this BB. It's all coming out of the woodwork now, no wonder the quality of discussion has been good.
Valency, Have just seen your latest post and picked out key points. Have made notes, but not drafted the email yet. Will send it later tonight. Want to make the content razor sharp, yet penetrating enough for PL and Deloitte to see the options / suggestions presented in a clear and simple to follow manner. Like you said, this race is not over yet, we have other horses in reserve. CRB, Valency - will hook up with both of you once this thing is done. I will contact you nearer the time. Best wishes all.
CRB, are you in Dubai or Abu-Dhabi ? I know Valency is in Dubai.
Better select good timing MrP, I'm not always in control of my own movements but certainly look forward to meeting up with CRB & yourself whenever possible. Can't quite understand why everyone is sleeping at the moment? Here's to a positive Bondholder rollover agreement which would signal an alternative restructuring plan devoid of AMCU? Not too long ago I asked if anyone here felt that restructuring may well pesent a silver lining in that it may be an opportunity to clear out dead wood & blood sucking parasites. Hopefully some good news in the form of a Bondholder rollover to come. Jaf, don't chuck in the towel too soon mate, we may need your retired IT skills to revamp the sad old DCP website. Until tomorrow. ATB
Yep also Dubai. Valency, drop me a PM when you have a moment.
CRB14, apology but seems private messaging only available on premium services. Let me know your email or local mobile & I'll message or whatsapp you. If you'd prefer not posting, we could arrange to meet up for coffee somewhere after I return? ATB.