Expressions of interest to buy all or part of financially troubled DiamondCorp, which is building a new Free State mine, have prompted its board to consider alternative cash-raising options. DiamondCorp, which said on Tuesday that mining had resumed at its Lace mine after a safety stoppage, told investors it had "accelerated" talks with a number of its shareholders and third parties to raise money to continue as a going concern. This process was at an advanced stage. An earlier attempt to secure £500,000 failed because of the 60% drop in the company’s share price on a raft of bad news about production delays and the temporary stoppage of the mine. At the same time, however, the company had received "initial expressions of interest from potential acquirers who are credible participants in the company’s sector". The board decided DiamondCorp "should, in parallel to its discussions to secure additional funding, conduct a wider strategic review to explore additional opportunities includ...
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