Petra Diamonds Share Discussion Threads

[ukgeorge] 28/1/2019 09:02

Yes not very pretty at all, net debt still rising and despite the equity raise still higher than last year. Think I will be doing similar and selling up.

[argylerich] 28/1/2019 08:29

Banking profits and stepping out for the moment until the dust settles. I've been trying to find my notes on the Williamson situation re the tax receivables, but it was accumulating at several £m per 1/4, up to £20m at the end of the last financial year if I remember correctly. But it only gets a single line in this update with no figures, and yet the figures for Williamson 'issues' are already larger than most of the other 'excuses' given for rising debt.

Not a good sign when companies have to brush things under the carpet.

[argylerich] 28/1/2019 07:23

It's still looking messy, glad I top-sliced. Too many things not flowing smoothly enough to get that debt reduced. Super-tanker still on the verge of turning in my view, but how negatively will the market react?

[argylerich] 25/1/2019 10:46

Systematica have reduced again, total declared shorts at 2.18% now.

[ukgeorge] 25/1/2019 10:40

Go petra go :)

[argylerich] 19/1/2019 14:39

where is the top???

[resourceful] 18/1/2019 17:07

where is the bottom???

[argylerich] 14/1/2019 09:49

Hopefully so George :-)

Done the same as you a top sliced a little but keeping a similar holding to yourself for the long term hold.

Looking good on the short-closing front too, Systemica are being forced to buy back at the moment.

[ukgeorge] 14/1/2019 09:42

Blue sky :)

Onward to 50p

[ukgeorge] 11/1/2019 09:45

Just sold 10k shares 25% of what I have, they have jumped 20% so seems silly not to. Will try and hold the rest for longer term. The share is so volatile could easily be back in the 30's next week for no reason. Bought some more gemd.

[ukgeorge] 10/1/2019 14:38

Highest price since July, doesn't look like much resistance until 50p

[ukgeorge] 09/1/2019 12:12

Roll on 50p. One of my few winners :)

[ukgeorge] 09/1/2019 12:07

Tanzania – Tanzanian industry clash results in new mining minister.
• Tanzania appoints a new mining minister amid a prolonged spat between the government and gold producer Acacia over a $190bn tax bill, which has severely limited operations in the East African nation.
• Dotto Biteko is the third mining minister President John Magufuli has appointed since he was elected in 2015.
• “He knows the mining sector well, so we expect continuity of policy”, according Tanzania Chamber of Minerals and Energy executive secretary Gerald Mturi. Biteko has previously lead a parliamentary investigation that concluded there was widespread tax evasion and smuggling in the gemstone business.
• In 2017, the government passed laws that the industry complained would be costly and onerous. Among other things, the laws hike taxes on mineral exports, mandate a higher government stake in mining operations and force the construction of local smelters to encourage domestic value-add.
• The reforms are part of a wider push by African governments to claw back revenues from mining, which have initially negatively impacted listed foreign firms working in Tanzania.

[jonnynitro] 04/1/2019 18:33

On the verge of a 3 month high. Some much needed cheer. Fingers crossed that it continues.

[ukgeorge] 04/1/2019 15:43

If they stick to last years schedule should be getting a few bits of news/updates soon. Jam tomorrow...... maybe the toast is out of the toaster....

05 Feb 2018 Publication of Corporate Presentation
02 Feb 2018 Publication of Cullinan Site Visit Presentation
01 Feb 2018 Publication of Finsch Site Visit Presentation
29 Jan 2018 H1 FY 2018 Trading Update
08 Jan 2018 Notification of H1 FY 2018 Trading Update

[ukgeorge] 04/1/2019 15:40

There was an article earlier in the week on how Acacia/Barrick/Bristowe would be sorting the problems they have had in Tanzania, fingers crossed that petra sort their issues out as well.

[ukgeorge] 03/1/2019 13:48

This is rather nice :)

[argylerich] 03/1/2019 10:45

And to you George, let's hope the trading update on the 28th brings us New Year merriment!

[ukgeorge] 03/1/2019 09:02

Happy New Year Argyle, fingers crossed it is a good one for petra and us

Roll on Finsch and cullinan continuing to ramp up and debt to be paid down.

[argylerich] 02/1/2019 18:11

Hey presto, shorts closing after the drop, mug shorters drawn in, prices start to rise! Happy New Year :-)

[ukgeorge] 21/12/2018 14:34

Share prices tend to rise when shorts are closed

[argylerich] 21/12/2018 11:44

Price down so shorts starting to close.

[ukgeorge] 14/12/2018 14:59

Interesting ish

[ukgeorge] 10/12/2018 16:38

hopefully find some support at this level......

[ukgeorge] 28/11/2018 09:43

:) yep nice start to the day 50p by christmas would be very welcome. Roll on the debt pile being reduced and the mines getting up to full speed