Member Info for einvestein

probably changing hands between brokers.

the appointed rescue manager would probably first restructure the bank debt and since the assets are there, could get additional loan from the bank. I think that the recent pwc involvement may have been for something related to fund raising/guarantee. What will happen to rasmala funds and would they be prepared to help further, without being greedy.

http://www.fin24.com/Entrepreneurs/Resources/Business-rescue-explained-20150119 The act also offers a ‘moratorium’ on legal proceedings or liquidation procedures against any company that is in business rescue.  So, at least no third party or creditors can take advantage. there is international evidence that only 5% of business rescue cases are successful. Whilst SA studies are still underway to determine the success rate of business rescue in the local context, there are estimates that this sits somewhere between 10% – 12%

gcm flying at 40p .... when is cza going to spike. Never happens to me.

sharia compliant means 40% charge on borrowings. Deceiving god in a legal type way. Actually, if they are allowed to convert it, they will get approx 50 million shares, assuming 1.5p, which is 10% of the company as well. I wonder if dcp could repay this by diamond sales or simply raising more than 3 million using a longer term convertible debt such as year. We have a financial advisor from rasmala ..... I hope PL is careful and not too trusting again, especially getting a loan for only 8 weeks with a 50k charge.

must be off the table now since all coal juniors would want a mightly premium. On the bright side, vele will definitely be on the table and buyers would want the Makhado slice at a premium. Surely DB is NOT going to sell the 33% stake at the last agreed price. Whatever happens, the SP will react positively. But they must do it before that shrinking money pot runs out. Why is the Makhado water thing taking so long.

majedie at it again.

I think all is going according to budget... " Importantly, grade which (as previously announced) was negatively impacted in July and August with the presence of low grade K8 and K6 kimberlite, recovered during September with only a small amount of low grade kimberlite ingressing into the run of mine feed. Diamond recoveries averaged 25 cpht for the month against a budget of 29 cpht." http://www.lse.co.uk/share-regulatory-news.asp?shareprice=DCP&ArticleCode=sep20ep0&ArticleHeadline=Project_and_Financial_Update They did mention that it would be 9000 carats to 11000 carats per month a few months ago. Now due to 15000 tonnes per month, with 29cpht you would get 4350 carats. But the rns clearly states they have exceeded the 15000 tonnes average, so basically on track for round 4500 carats.

or if you look at it on a profit basis and longer term like 2018, dcp is likely to generate £10.9 million (much higher due to pound weakness). http://www.proactiveinvestors.co.uk/companies/news/68805/diamondcorp-ramping-up-to-cash-flow-break-even-point-68805.html Even with 650 million shares and on a PE of 10, that sould be 17p ish a share. Then on 2019, profit rises to £20 million. But of course, this is only possible if management have the right intentions and with AIM 90% of the time is just a big con.

20p ... 50p ... not impossible. Look at sxx from 10p to 50p recently with mcap 1 billion recently. it all depends on the funding. I would put a mcap of around £300 million or 16p. However the market always overshoots and once it starts producing and generating profits, could be worth a billion. Someone wake me up.

i am surprised that with coal prices so high that universal coal is still on 16 cents. Our bod still investigating cash gen assets. I wonder what sort of rocket science is required. Could be a decade long process where they have to wait for coal to come down again in 2025

good try majedie... just too many buyers at this level.

if you want to see some extreme dilution, see AUE. they have allocated 4 billion shares on the existing 1 billion at 1.5p when the sp is 2p. But you dont require that sum of money for dcp. So all this dilution is just nonesense. The sp could have clearly stayed at over 3p and then rasmala would have to pay 2p ish. its really up to the market whether it wants to 'give' it to rasmala.

does anyone know how to vote via a broker such as HL

alligin, 100k for me. Although i agree with jaf that 120 mill shares would be a bit too much for us pi's. Please ask PL if he could persuade ii's to get involved as well ... or was that already assumed

just like a holdings rns ... 2 million dollars worth convertible bond due 2018.

some info on convertible notes... http://www.theel1tetrader.com/2015/06/what-is-convertible-loan-note.html perhaps dcp should obtain this loan via several investors to prevent one investor playing the cards

does that mean they will fall short of around £6 million. What will that mean ... I hope it doesnt stop the exploration part because that could be the game changer.

majedie have been selling a few. Could rasmala be connected in any way as they are both islamic investment funds. Even selling 100k every now and then when the buyers are rare can suppress the sp. We need to keep an eye on all sells by either of them. That is why i think PL should go for the 1 year loan. A lot could happen by then ... a fancy 30 carat pink ... would be impossible for the sp to stay down.

They could get the 3 mill using the same method with rasmala i.e repayment at december 2017 or conversion. DCP will have a higher chance of repaying it back by end 2017. So it could mean no dilution at all for raising the 3 mill. Rasmala is supposed to be a sharia compliant bank. if it does something deliberately to gain, then i believe it to be against islamic shariah law. We need to raise complaints to the director of rasmala if this happens.