Charles Stanley has initiated coverage on DiamondCorp with an ‘add’ recommendation and an 11.5 pence price target – which is almost double the current share price.
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19/10/11
DiamondCorp cash call sensible as it assesses funding options for Lace, say City analysts
Analysts this morning applauded DiamondCorp’s decision to raise just over £2 million from investors – a move which will allow it concentrate on pulling in the project finance required to develop the Lace Mine in South Africa.
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05/10/11
DiamondCorp ready to take the historic Lace mine into the next phase of development
The company's tweaked plans for the historic Lace Mine in South Africa and updated economics received a cautious welcome this morning.
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05/10/11
DiamondCorp says bulk sampling work confirms the economic viability of South African mine
DiamondCorp said this morning bulk sampling on South Africa’s Lace Mine has underlined its economic viability.
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22/09/11
DiamondCorp poised for next stage of development
Today, in its interim results statement, the group said it has made significant steps towards its goal of becoming a long-term diamond producer. Fairfax mining analyst John Meyer reckons DiamondCorp will move onto its next phase of development in the coming weeks as it confirms the diamond grades from Lace kimberlite pipe.