Member Info for einvestein

are long term investors who simply dont convert and sell. I would be happy if they offer the 3 million for shares and not done through an open offer. This will prevent a lot of loose pi's getting hold of these shares.

correction... Even if 300 million shares are issued at 1p to raise 3 million, there will be nearly 800 million shares. That will ensure full production is reached and should value the company at £50 million or 6 to 7p per share. It is more likely to be RAISED at 2p.

whether we pi's vote yes or no wouldn't make any difference as more than 46% this share is held by ii's and directors. I will be voting yes. Even if 300 million shares are issued at 1p to raise 3 million, there will be nearly 800 million shares. That will ensure full production is reached and should value the company at £50 million or 6 to 7p per share. It is more likely to be at 2p. However, it could be raised via other means since dcp now have finance director from rasmala. PL did say if he received any offers below NAV of around $120 million equivalent to 20p will not be selling up. vote no and lose all.

to vote NO. Admin will be THE END and you will never see your money again.

on the report it says this is worth about $12 million. If they can get that sold off, that could easily finance vele startup.

apologies guys. I made a mistake. They are getting 221k ish. all 9 top execs getting just over a million dollars in TOTAL Sorry again.

i got it from renumeration section. On the bottom of report it shows a total of 3.7 million. Perhaps these two guy get half of the total salary of coal. DB salary looks reasonable at 500k.

just looked at the salary these guys are getting http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CZA&ArticleCode=07wcsydi&ArticleHeadline=AUDITED_ANNUAL_CONSOLIDATED_FINANCIAL_STATEMENTS D.Schuttle ... $1,178,901 C.BRonn ... $1,440,900 Does anyone else think that this is a BIT too high. I dont even get 3% of what these guys are getting

they are like holdings rns. Some people have sold 100k shares from their 5 mill holdings. Dont understand why though for the urgent need to cash in £3K

I wonder if they had any interested parties for mooiplats. If only they started the vele mine, this would have been way over 10. Are we waiting for the stream diversion rns? and the the plant mod.

author is Anes Louw probably in SA so writing skills will not be too ..... i am thinking it must be petra now.

DiamondCorp PLC is understood to be in the final stages of announcing that it’s highly lucrative Lace mine is to be sold off to a large multinational who cannot be currently nam… .. ed for reasons? Lets see the offer price.

maybe the Gaskens cant decide whether to sell or hold. Looking at the rns they hold 12,333,000. Yesterday 10,833,333 shares were cancelled. Do it quick as we havent got all day.

Diam, I dont think its because nobody bothered but rather agreeing. Petra is most definitely on the bidding list because I remember an article suggesting that said they ARE interested. Petras shars have gone much higher so it will help them in dilution terms.

Banks, PL sounded as though nothing happened in that interview. As I said before putting those going concern statements are basically the nomads duty. Dcp to be cash flow positive from january. The market thinks its only worth 13 million ... hahahaha

Val, thanks for all those links. Lucapa looks very interesting. If a merger takes place with it and Lucapa can actually add a official reserve, then there could be massive growth.

would be happier with a sale than a merger. With a merger we would probably get some shares per 10's of dcp shares & wouldn't see the 'upside' as much if dcp was an independent company. I noticed that Petra bought the finsch mine for $100 million in 2011: https://www.petradiamonds.com/our-operations/our-mines/finsch/ It has a resouce of 48 million carats at $80/ct (approx value $4 billion) But with lace famous for its fancy stones and approx value of $1.6 billion ($165/ct at 10 million catrats) as well as its margin, you would expect a similar valuation considering that it does NOT have to be sold off & we are literally in production (with its fair share of problems). Also the diamond market is improving. If you look at the project cashflow after tax and interest (ZARm) i.e. NET PROFIT for total mine life: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=DCP&ArticleCode=za1a9shv&ArticleHeadline=IDC_Loan__4m_Proposed_Placing It is a total of 12,407,169,386 zar ($887,267,622 million or £725,454,966 million) Why would PL (having put so much effort & actually living in site) expect a offer of less than 27p when we only require another £3 million. Rasmala would have to put in an offer if they exceed 30%. So assuming there is no offer, then Rasmala can't convert and dcp could repay this from diamond sales in december. If dcp can't repay, they will probably get 30 million shares taking their holding to 90 million. The SP could climb or simply stay here. If they need to raise £3 million at 2p that's 150 million shares (33% ish dilution). Rasmala will be limited to the amount of new shares due to that 30%. So other II's will be involved. The SP could also improve by december. I think management need to release a killer rns on the offer price it receives LOL Very interesting days to come ....

which suggests that gaskens are probably very angry. I think MM has got all these shares & so what do you think they will do ... surely wont be sold on the cheap

what other bad news is there thats holding it at 3p

They updated us with some vital info already. We all know that there are 'lots' of funding offers on the table but want an rns to confirm. Could be that PL wants to raise the 3 million via a 3p placing but he is hesitating whether to issue another 100 million shares (20% of the company / dilution) or sell it beforehand. We are currently generating 6000 carats monthly so could have a lot in inventory & just sell it to SA buyers ... what are they doing or why aren't they selling locally even at discounts?