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As I read the RNS this is exceptionally good news as it is writing off £686067 of debt in a stroke! Correct me if I am wrong, but Porta has just cleared £1.074m of indebtedness by issuing just over 9m shares [covering just the PRINCIPAL amounts]. That is a phenomenal coup!!

Nice to see Steffan getting to grips with the debt renegotiation as it is the sole brake on strong progress - bring it on as its resolution will cause a gap-jump and re-rate as it feeds directly to the bottom line. Halving the level from 12 to 6% would be transformational for bottom line with indications of current growth and optimism IMO.

At last it looks like the loan debt is being quickly sorted and renegotiated - two RNS' in 2 days with the latest tidying exercise today. Gene Golembiewski, Finance Director, said: "We are pleased to have satisfied this liability, which results in no cash outflow from the Company. This loan conversion represents the first step in optimising the Company's capital structure and consolidating our financial position, following the series of start-ups and corporate acquisitions that we have made over the past few years. We continue to evaluate our balance sheet and future capital requirements." Great news, and an indication that David and Steffan are driving debt renegotiation strongly by removing initial obstacles like this. Gene finally earning his crust.

Now 4.065p sell being offered on 'quantity' and rising...................................

The market size being offered to buy 'significant' number of shares is currently the highest I've seen it. NMS for sale of stock is usually instant at 50k shares, it's currently available at 10x that. Someone out there wants Porta shares at 4.05p and rising.

GT. Sp is above 4p and rising - and that is for large quantity on test sale. I still think that a consolidated solution to the debt renegotiation is now close.

Trump's victory, like Brexit, has been a shock to the establishment, but I believe that it has actually played into Porta's strengths here in the UK. Communications, IR and PR are only gaining in importance like reputation management. Porta noted in its September interims that business had strengthened post-Brexit and a number of statements highlighted below give cause for cautious optimism: All of our senior hires thus far have generated fees from day one - The UK business was subject to some degree of slowdown in the run up to and immediate aftermath of the referendum on Brexit, however, business has picked up noticeably since - The business has also increased its focus on pensions advisory work over the last 12 months - The pipeline of new client prospects and high profile hires for both Newgate and PPS has strengthened significantly in the last couple of months. - Australia once again has turned in excellent results and plans are being implemented to significantly increase the size of the business. - The outlook is undoubtedly strengthening all the time now that the Brexit vote is behind us. With regard to the Retro Grand loan renegotiation it is effectively a roll-over that now allows the company the ability to refinance both loans together as a single refinancing. I believe that is why it has been rolled out as a 12 month term on a monthly repayment basis. This issue has been a priority for the BoD and I suspect that this announcement is a prelude to a £9m renegotiation package at a significantly lower rate, but that is purely a logical supposition on my part. The outlook certainly looks better than for some considerable time given that the effect of these quality management hires is now kicking in.

Nothing that I can add to that GT. All divisions appear to be thriving looking at Twitter and websites. The indecision caused by Brexit looks to be playing into Porta/Newgate/PPS/Publicasity strengths more than making up for slack IPO in Redleaf market. Like you, I'm pretty much certain that the debt refinancing is top-of-the-tree for BoD. Both David and Steffan are aware of the importance of dropping this down to a more representative level and that, as you say, is probably the brake on any share buying due to inside info. Resolution would propel the shares quickly, hence the sensitivity of the process. Chinese walls on this one have to be bullet-proof and I expect immediate purchases from all senior directors coincident with any RNS. If that happens then a gap-jump is inevitable. There is little news other than a trading update, but this would only be required for say 10% variance in outlook. The purchases are following a pattern and the seller seems to be at the end of their task which again will shift the balance and sentiment markedly. Interesting times and I have shifted my stance to strong buy like yourself on the back of our observations.

Hi Gt - agreed. Porta seem to be picking up some good value business at the moment; not only Sompo and Samsonite, but Glencore is providing lots of business that sits in Porta's territory. As we have both noted, Publicasity twitter is rising strongly as is PPS, and Newgate is buzzing. I note yet again they are canvassing for more people to join the company which is a great bell-weather for business growth. The new hires are bedding in well and it is always encouraging to see repeat comments from eg Gavin reaffirming what a great team he has joined. We should be seeing the increasing effect of new hires kicking in. Steffan now has a year under his belt with other hires kicking in from mid-2016. Looking a lot stronger than for a few years.

As predicted - the Steffan effect is kicking in - hope lots of PI's got in as it saucered. All we need now is our CEO to renegotiate the loan debt and we're in blue sky next week too. Great news - GLA.

£8m MCap sitting on $1.5bn diamonds - I'm surprised they're not queueing at the door with cash for equity offers. Certainly expect a done deal soon. Surely major institutional holders who supported at 6p and 10p a lot further away from production must see the value here. Come on L&G or EIIB; does the prospect of 15years plus increasing dividends not tick your investment criteria even accounting for risk? Hands in pockets.

10% of the company has changed hands today but it looks like lots of distressed minnows being spooked into releasing shares to the bigger fish. Will be really interesting to see the next holdings announcement as the bigger player(s) may well have their hands on the £0.5m chequebook. Definitely a horse trading day here whatever the outcome. Suspect it will certainly expedite the short term funding so Iit wouldn't surprise me if that RNS arrives in short order. EIIB handing round the hat?.

EIIB, Majedie and Legal & General must surely be offering short-term funding here. Just a question of price and I suspect convertible at 1.5p just about hits the nail. Time will tell but it should fall into place given these three unforeseen setbacks. The underlying metrics still stack up and bringing in a bigger player to shore up finance to end Q1 would solve the problems. High risk, but could all slot into place quickly........could! As Daisan points out, lots of small pi's selling but it looks like a few sharks are out there gobbling up shares that could seem very cheap in the next two weeks onward.

The £0.5m will appear in the next few days to cover immediate needs, which just reduced anyway due to the stoppage. At least management have time to focus on it! Dilution yep - fire sale - literally, but there is light at the end of the decline - sorry tunnel imo.

Diamonds mined in September - Quote - Stones recovered have been up to 19.4 carats in size, with a pleasing number of gems larger than 8 cts, including a 10.6 ct clear gem. Management is confident that achieved diamond values will continue to be in line with its estimated $164/ct base case. Surely these can be used to cover short-term needs?

428m shares in issue and yet only 20m traded - this is not a catastrophe, just the third of three mining related problems. Finance will appear, mining will resume and distressed sellers are having shares mopped up by the opportunists. Life's a gamble but the risk/reward looks interesting as the precipitous drop looks overdone.

Bounce - Yep. Financing will click into place.

I suspect the risk/reward ratio at this juncture is certainly attracting interest. As stated below - the finance will appear.

DCP are now a screaming take-over target - this asset must be attracting attention - if it was below the radar before, it isn't now. Which comes first, the convertible loan or the bidding war?

Goodness............lets hope that's the last hurdle.......Earth Fire and Water or should I say Water, Earth and [Truck]Fire. Get the cash - DCP have the resource. Now can we get some blessed mining done.......starting next week?