Diamcor Mining Inc. V.DMI

Alternate Symbol(s): DMIFF

Metals & Mining Industrial Metals & Minerals

Diamcor Mining Inc. is a Canada-based diamond mining company engaged in the mining, exploration, and sale of rough diamonds. The Company's primary focus is on the mining and development of its Krone-Endora at Venetia Project, which is co-located and directly adjacent to De Beers' Venetia Diamond Mine in South Africa. The Krone-Endora at Venetia Project consists of prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares. In addition to the advancement of the Krone-Endora at Venetia project, the Company also review and pursue other mining opportunities in South Africa and other mining regions. The Company focuses on the acquisition and development of mid-tier projects with near-term production capabilities and growth potential. It also focuses on acquiring projects, which deal with the processing of tailings reserves.

TSXV:DMI - Post by User

Diamcor Mining Inc.

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Post by Bobwinson May 29, 2015 2:24pm

133 Views

Post# 23778758

share price climbing on low volume

DMI.v +.13 to C$1.45 today on 34.7K volume. On May 15,2015 DMI.v closed at C$1.18 and has since climbed to today's C$1.45.

No news other than new technical report published end of April. Latest qtrly report showed less revs and higher loss than previous year qtr. So no catalyst there.

Company did hire new IR firm so maybe they are contacting their database of investors to inform them about Diamcor.

So far no guidance as to WHEN they will actually begin mining and ramp up recovery of saleable carats. When I invested in 2012, they were forecasting a rapid rampup to 20,000 carats a month.

Waiting for a sign that they can accomplish anything close to that.

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