Member Info for JulianM

Use of this term rather than "decision" implies that the claim will not be rejected and it is then a question of how much the company will receive by way of damages. We must all hope this proves to be correct

For what it is worth my view is that the results of H2 are not spectacular because an excellent result would probably have triggered an RNS.I do,of course,hope that I am wrong and have certainly not sold any of my holding.

Haven't posted for a while but appreciate the positive analysis given by Abzzba and others and I ignore the negative idiots who I see no point in engaging with.

The company is certainly in the best position ever and in no way does the current sp reflect that.I don't think it helps that the AIM market as a whole is weak but short term I guess that there will be a proportion of those who acquired shares at 0.8 p with a view to a short term gain and who have been forced to wait three months and have been taking the opportunity to cash in.With daily volume still quite good, perhaps those intending to bank profits from the raise will have achieved this outcome soon

Hi Geng,

I remember you well from the ill fated AMC days and very much appreciated your posts,which is more than I can say for most posters on this board,who seem to enjoy trading insults.

On the 30th May you said the chart was looking pretty good but the sp has of course fallen since then and I am just wondering how it is looking now.

All the best

Julian

Problem is the sp is already well below the nominal value of .25 so consolidation is inevitable unless they can raise funds by a loan.John Teeling is already well in the red but would he be prepared to chip more money in I wonder?

If only the Thorny River permit had come through in the spring of 2023,all could have been different.I am kicking myself that I was unaware that the the South African approval process is ridiculously slow.

Is the truth of the matter that James ought to consider finding a home for the company,assuming of course that it's assets are sufficiently attractive to other struggling diamond companies? Very sorry state of affairs which has badly hurt so many genuine investors here who like me somewhat blindly put our faith in James .

I would expect the repayment date of the loans to be extended,given that it is certain existing shareholders and Directors who are the lenders and who may well be happy to continue to receive interest at the generous rate of 16%

James advised me back in March that when the permit was applied for the land was State owned but it has since been "given back" to one of the tribes and consultation with the land owners is a key aspect of the Application.Looks like the consultation process is still continuing

Good to see a few very positive posts and JC, I am sure we would all like to hear the nature of the news that you think will "blow us away"

I see that I have been pilloried for suggesting that a fund raise is imminent.Relative newbies here will not be scarred by the memory of exploitation licence issued in July 2021,immediate spike to around 7p and exactly one week later fund raise announced at 3.5p

The price is bound to be held back, pending the fund raise, which is inevitable and could happen soon and is likely to be at a level around 3p

Narrowest one I have seen for some time.Actual sale price quoted at 0.36 and purchase price of 0.365 for 1m shares which suggests that todays transaction at 0.365 was actually a buy and not a sell ,which I am always happy to see.

IG .To be frank I would be surprised if anyone is "sniffing about" at present but please do provide further details. And if there is a potential predator is that necessarily good news except for anyone who has bought in recently around the current sp level? Even a purchase price of twice the current price would leave many of us well out of pocket

I have heard from James that the annual results are out "shortly".

I strongly suspect that in his report James will highlight the future prospects for the company and that in terms of income earned ,this will not amount to much,owing to the sharp decline in diamond prices,hence the need for the recent raise.Perhaps work on the newly discovered blow at Marsfontein is also on hold,hence the lack of any updates for some time.Certainly the markets are not behaving as if anything exciting is about to be released because the sp is being held at the current level despite a decent level of buying taking place.Quite a contrast to the depressing slow decline of the sp which occurred on daily sales volumes which were probably less than the current level of buying.

Let us hope we have reached the bottom of a thoroughly depressing slide in the sp,in a year which promised so much at the start. At that point we hoped to be mining Thorny River after a few months but instead an inexplicable delay occurred in obtaining the water licence ,diamond prices dropped sharply and such sales as were achieved from mining the gravels etc were evidently insufficient to cover overheads,hence the need for a raise.Weather permitting, I hope that we can at least speed up the work on the Marsfontein blow ,which I understand has been proceeding slowly owing to lack of funds

I tend to agree.Sale of another 400,000 gone through this afternoon

I think it's purely on account of one seller drip feeding sells in a thin market which at some point will end.On the plus side we can average down if we have the funds available.

Bizarre really that at a time the Company is in it's best position ever, the sp is dripping downwards towards historic lows.I guess it's a combination of small sellers in a thin market and a general lack of appetite for diamond shares generally,given the weakness in the diamond market at the moment,which means that at the moment any support for the sp rests on us long term holders keeping the faith and averaging down,which is my approach.Hopefully there is some good news coming up, which will stimulate interest from new investors but as ever with this share,patience is required

That being the case I guess it begs the question whether there is something specific coming up in the near future where their expertise is likely to be beneficial and if so what is it?

2 sells adding up to 500,000 so still here by the looks of it( unfortunately)

Troajan.SP seems to have been driven down by one or more sellers at a level of 500 000 shares or thereabouts.No such sales so far this week, so if the sales do not resume and/or there is good news eg re the water licence issue ,we may well have seen the end of an annoying and as far as I am concerned, totally unexpected decline which as ever has been totally out of proportion to the number of shares traded relative to the number of shares in issue.