Hi folks - does anyone have a definitive answer on when you can claim this as a loss (assuming that shareholders receive zilch which is extremely likely as shareholders are last in line)? I have a feeling that we have to wait until the shares are deemed worthless and this may happen next tax year as things seem to take forever to wind up. Or can we use the delisting date as the effectively worthless date? I've had some chunky gains this year so can offset. With London Mining (another of my amazingly poor choice investments (!!) I only got notification that the shares were worthless in a different tax year to the delisting date. Any tax accountants out there?!
Well found CB. Thanks, I had written this off but would be delighted to see this get a new lease of life as I always felt it had the makings of a decent investment . Just take a few years longer than originally thought! :-)
Looks like IDC are playing hard-ball or hoping to get the whole of DCP on the cheap... unless IDC agree terms quickly (by 30th January), it will be all over for DCP shareholders. The Lace Mine will otherwise be sold to the highest bidder with proceeds to pay the debtors.
But will anyone want to buy the operation given all the problems over the last 6 months or so?
What have this lot done to such a promising business?
How can a business that burns so much money but not actually make it survive exactly?
Where did £300k go in a few weeks?
Where will today's £300k go and how long will that last, probably another few weeks?
Is the business model sound?
Loudon seriously needs to start getting this business back on track and fast, else his reputation is in tatters in my view, which would be a great shame as he comes across a gentleman.
Highly unimpressed currently Mr Loudon. All bad news and loss loss loss.
Yes, Valency on LSE has been there. He is the most knowledgeable person on mining and diamond mining that I have across on any board, and he was very impressed with the set-up, admittedly that was last year.
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