Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Either someone is trying to scam the poor out of work folk or something's definitely afoot! http://www.jobspace.co.za/job/south32/1975354 http://za.jobomas.com/permanent-position_iid_102232658?utm_source=jobrapido&utm_medium=xml&utm_campaign=xml&utm_content=xml-avisos http://za.jobomas.com/call-center-0798291700_iid_102232662?utm_source=jobrapido&utm_medium=xml&utm_campaign=xml&utm_content=xml-avisos http://za.jobrapido.com/?w=lace%20mine
http://www.jobspace.co.za/job/lace_diamond_mine_looking_for_workers/1948949
Just had my notification through from TD Investing. Sad times folks... Inside this fat lady, there's a skinny streamlined and well-positioned one screaming to get out...
Wouldn't this be great if this Is this all an elaborate plan, creating maximum exposure and focus for the restart of the mine and continuation of trading! Rather than the intention of letting us down gently and by this point, we should have moved on with our lives with lessons learnt. The problem is.. recent talks of offers have just prolonged the torture and raised our hopes when the RNS' have offered nothing so positive. or is it just me?!
Certainly hope so Bitnz, The info does seem to be a little out of date, however, the administration bit is unsettling though. I was under the impression this would only happen in mid may. Even if hope or despair are educated guesses based upon an objectively valid appraisal of the current known set of circumstances they’re not guaranteed to materialise into the expected outcome.
IS DCP officially in administration now then? http://technologies.14p.in/today-s-market-view-amur-minerals-corporation-asiamet-resources-diamondcorp-plc-sierra-rutile-ltd-ads-advanced-drainage-systems
A little digging around https://www.moneyweb.co.za/mny_sens/soapstone-investment-limited-notice-of-a-meeting-of-bondholders/ below taken from the link... The salient dates relating to the Bondholders Meeting are as follows: Last date to trade: Tuesday, 28 March 2017 Record date: Friday, 31 March 2017 Proxies due: Tuesday, 4 April 2017 at 14h00 Bondholders Meeting: Wednesday, 5 April 2017 at 14h00 also found points 3 i & ii interesting.
Should we be expecting news in the morning?
Is that," Churches are assisting the workers with food. Talk is that they will be operational in June/July this year. Lots of activity." It hard on our pockets and pensions, even harder when your struggling to feed your family... this needs sorting quick
Thanks so much for the info Valency. Happy to hear Rasmala have been put in check, hopefully we can consolidate all that loans gone before and move into the new year on a solid(dry) footing. Cheers ATB
Much appreciated for your captured insight Valency. You say you suspect that nothing will progress until after the 60 days have elapsed. Does this also include the sale of the current stock and the dirty payment to Rasmala? It was assured to the guys at the GM that that would be settled up before the due date? was it intimated that the date doesn't stand in the current situation? No tender date has been announced and as you know the end of this month had been pencilled the sale. many thanks in advance.
Maybe the trotters sail again... Sorry Ewww, I'm not trying to be divisive, the 7121 parcel was from rns 9th august, takes 30-45 days to get to tender stage. The additional I'm talking about should have been headed auction around October. Think they have put the brakes on the sale because of the financial difficulties and may have thought they'd hold on to it if the worst case scenario arrived. Possibly they may have spoken to rasmala about a funding deal previous to anouchment and keep a bit back just in case. The irony being if they hadnt been trying to hit there 10,000 carat parcel and sold what they had they may well have been early enough not to need the rasmala funding anyway :/ all academic now anyway, just trying to get a grasp of it all, numbers seem a little off is all...
Even if you subtract 5000 for rasmala at the 20oct point. That'd mean just short of 800 had been processed between the two dates. Not a lot given the small downtime.
Sorry Ezzz, my point being... it's says on 20oct 2800carats were held. 13th sept' 7003carats were held and a sale was being scheduled.... No sale/tender happened. Production time between these dates occurred too and since.
So from 13th sept to 20 October what happened? Seems a short fall somewhere...
Am I missing something? Today's rns stated 5000 carats have/ have been mined by the end of day and allocated for rasmala. Mondays stated, 5000 carats are apparently completing sale at the end of November! However, this rns states 7003carats total inventory back in September http://otp.investis.com/clients/uk/diamondcorp/rns/regulatory-story.aspx?cid=203&newsid=781226 Are they saying only 3000 carats have been mined mid September to today? And what of the tailings even when the mine was shutdown? Can someone shed some light please? Seems a **** poor amount even at half production! On my phone on site at the moment, so please excuse any mistakes!
It's great that diamonds are being extracted. Better get them sold though as the second tranche won't last too long... no sign of a tender at awdc as yet. As this recently mined 5000carats are set aside for Rasmala I recall a 7k+ parcel awaiting sale too with a addition of any tailings processed this may well fetch 1million return?!
check this link, https://twitter.com/walkeray There was a post a few hours ago entitled "DiamondCorp 'close' to agreeing sale of Lace mine", the site now seems to have been pulled down....
seems so...and that's not even counting the 7k+ carats they already have sitting waiting to be sold. which presumably should cover the costs of the loan in itself judging by the last tender.
No problem fella's. I have found myself(and probably most of you) searching for any scarce bit of info/update over the past months in the hope of shedding a bit of light on the situation. Sadly most news seems to be repeated links and re-quotes, I guess this is not surprising really as at some point insider trading would have been going on if truly sensitive info had been allowed to be reported. It's a hard one to call Banksman, I had until before production added as much as I though sensible, though now I have averaged down again and now I'm fortunately in the position of being around 5.49p to break even. last week I would have been jumping for joy if someone had handed my money back, that said, I'm still optimistic about this company/mine and truly believe this can be a great long-term holding. Though I've nevr been in any rush to get a decent return on this. I do hope the past 6 years of checking posts, rns and share price haven't been wasted ;) I'm glad all you long term guys are sticking by this and truly hope this works out for the best.