Lace Mine flood plunges Diamondcorp back into uncertainty
14th Nov 2016 14:13
(ShareCast News) - Southern Africa-focused diamond mining, development and exploration company DiamondCorp was facing some serious issues with its Lace Mine again, it announced on Monday. The AIM-traded company said in the late afternoon on 11 November, two extreme thunderstorms passed over the mine
Read moreDiamondcorp financing and production on track
9th Nov 2016 11:56
(ShareCast News) - South African diamond miner DiamondCorp announced that the second tranche of financing facility from Rasmala amounting to £300,000 is in the process of being drawn down by the company. The facility is collateralised against 5,000 carats of diamond inventory, which the group's lace
Read moreDiamondcorp cancels sale offer after disappointing bids
7th Nov 2016 11:49
(ShareCast News) - South African diamond miner Diamondcorp has taken itself off the market as it felt bids were "significantly" undervaluing the company. On 18 October 2016 the group announced it was going to explore merger and sale opportunities of the group's businesses as well as looking to secur
Read moreDiamondCorp seeking suitor amid viability concerns
18th Oct 2016 11:46
(ShareCast News) - Beleaguered mining company DiamondCorp updated the market on Tuesday, confirming it was actively seeking a suitor with which to combine. The AIM-traded firm had announced on 14 October announced that it was in accelerated discussions with some shareholders and other third parties
Read moreDiamondCorp issues dire warning over its solvency
14th Oct 2016 11:38
(ShareCast News) - Further to the announcements of 12 and 13 October, in which described production issues and a shutdown notice, DiamondCorp announced on Friday that the third party it was in advanced discussions with for the provision of a convertible debt facility, has withdrawn due to the advers
Read moreDiamondCorp suspends underground operations at Lace Mine due to fire
13th Oct 2016 11:45
(ShareCast News) - Miner DiamondCorp has been struck by yet another incident at its Lace mine in South Africa, which was shut down by authorities after a fire broke out on a dump truck. Thursday's incident comes on top of drilling difficulties in recent weeks from fallen pieces of kimberlite blockin
Read moreDiamondCorp faces further setbacks with Lace mine
12th Oct 2016 09:59
(ShareCast News) - DiamondCorp, the AIM-listed diamond miner, has arranged to defer debt payments and is looking at raising new funds after new problems with its Lace diamond mine in South Africa led to further scaling back of production targets. Mining has been constrained by large fallen pieces of
Read moreDiamondcorp reschedules sale to 17 September, pre-tax loss narrows
13th Sep 2016 10:39
(ShareCast News) - Diamondcorp reduced the size of a scheduled sale of its diamonds due to operational setbacks as it moved to ramp-up production at its main asset, the Lace mine in South Africa, even as it managed to stem the red ink. Its net loss for the six months to June narrowed to £247,000, co
Read moreDiamondcorp's South African Lace diamond mine re-opens
9th Aug 2016 13:34
(ShareCast News) - Miner Diamondcorp's Lace diamond mine in the Free State Province in South Africa successfully restarted in July and is producing 30,000 tonnes per month. The AIM-listed company said August was the first month of commercial production and processing of kimberlite for the month aver
Read moreAccident suspends DiamondCorp mining at Lace
18th Jul 2016 14:20
(ShareCast News) - Southern African diamond mining, development and exploration company DiamondCorp announced on Monday that diamond mining operations at the Lace mine have been temporarily suspended following an investigation on 15 July by the South African Department of Minerals Resources into a f
Read moreStarvest takes tiny nibble of Diamondcorp
4th Jul 2016 14:49
(ShareCast News) - Investment company Starvest announced on Monday that it has purchased 340,000 shares in emerging diamond producer Diamondcorp for £25k. The AIM-traded firm said the shares in the fellow AIM company were paid for in cash and following the investment, Starvest will hold 0.08% of Dia
Read moreFriday broker round-up UPDATE
24th Oct 2014 10:11
Advanced Medical Solutions: Oriel initiates with a target price of 135p and a buy recommendation. African Barrick Gold: JP Morgan moves target price from 300p to 310p maintaining its overweight rating. Canaccord Genuity reduces target price from 330p to 275p keeping a buy recommendation. Numis moves
Read moreMonday broker round-up UPDATE
16th Jun 2014 09:51
Allocate Software: N+1 Singer upgrades to buy with a target price of 133p. Croda International: Numis cuts target price from 2575p to 2554p and maintains its hold recommendation. Diamondcorp: Northland Capital shifts target price from 9.9p to 11p and keeps a buy recommendation. Fenner: Credit Su
Read moreUK Mail Finance and Operations Directors build stakes
9th Jun 2014 15:46
The Group Finance Director and Group Operations Director of UK Mail have both upped their company holdings with the purchase of 4,000 shares each. Both Steven Glew and Carl Moore spent 627p a share, giving each of the deals a trade value of £25,080. The transactions come just a few weeks after t
Read moreDiamondCorp raises funds for corporate overheads
28th Mar 2014 11:30
DiamondCorp, the Southern African diamond development, exploration and mining company, has placed 41.5m shares with new and existing investors. The £2m proceeds will be used to fund corporate overheads over the next two years and for general working capital purposes. 36.51m shares were placed in t
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