Petra Diamonds Share Discussion Threads

[resourceful] 05/4/2019 09:02

I am sorry i checked in
good news on the big stones
but the company is bleeding to death
we will be diluted to peanuts

[cantrememberthis2] 05/4/2019 08:50

Small buys...need 500k buyers to come in... Seller still lurking imo

[laptop15] 05/4/2019 08:34

Lots of buying this morning so far....bounce coming!!

[cantrememberthis2] 04/4/2019 21:33

Once seller clears - boom, multi-year lows whilst treasure trove recovered - to lower debts hopefully!

[laptop15] 04/4/2019 21:27

https://twitter.com/INN_Resource/status/1113211263432237057?s=19

[laptop15] 04/4/2019 18:41

Add the 100ct diamond too from a few weeks ago and maybe they have found a rich source of diamond's. Will more follow?? Very possible....watch this space:))

[laptop15] 04/4/2019 18:39

Yes the 425ct diamond will be worth about $25-30 million based on the one that was 507ct selling for $35 million. It will make PDL cash flow positive

[laptop15] 04/4/2019 17:17

There goes the large filled sell orders and now we should see I move north tomorrow as the mms push up the share price and cash in on people buying them all back higher. Anyway u look at it, this share is oversold and has now got to the stage when its extremely undervalued even with the debt. Great buying opportunity imo. I had some big buys triggered today :) confident of a good return.

[cantrememberthis2] 04/4/2019 15:04

Some diksz got mugged serves you right

[laptop15] 04/4/2019 14:36

Overhang clearing!!! Bounce coming

[ukgeorge] 04/4/2019 14:35

are you just trying to get lucky with a bounce? Debt $500M + Mkt cap sub $200M.

[ukgeorge] 04/4/2019 11:51

They need to find about 10, 400ct stones (say $20M each) to change the picture.

[davethehorse] 04/4/2019 11:26

Think this is going to keep dropping for now regardless of finds, being heavily rerated down due to the debt

[laptop15] 04/4/2019 11:12

Bounce coming again....will they find another big diamond on FRIDAY AGAIN??Lol...last few fridays they did :))

[cantrememberthis2] 03/4/2019 11:13

Well oversold and unloved...

That 425.1ct D Type II diamond is a whopper...

Really is combined with the 100.8ct what a game changer this last few weeks!

[g2theary] 03/4/2019 11:06

This is due a re-rating... I've topped up a couple of times over the last week... happy here for the long term

[cantrememberthis2] 02/4/2019 16:52

Huge delayed Buys coming through... Even if we closed down to 18.02p on UT

[cantrememberthis2] 02/4/2019 14:20

02 April 2019, 12:40Source - SMW
Berenberg today reaffirms its hold investment rating on Petra Diamonds Ltd (LON:PDL) and raised its price target to 23p (from 22p).

[cantrememberthis2] 02/4/2019 10:15

Both, seen this all before... they can stay longer in a position than you can stay rational!

[davethehorse] 02/4/2019 10:14

Still going down in steps, shorting or big seller still

[cantrememberthis2] 02/4/2019 08:20

hxxps://investingnews.com/daily/resource-investing/gem-investing/diamond-investing/petra-diamonds-recovers-third-largest-gem-company-history/

[cantrememberthis2] 02/4/2019 08:15

Multi year lows due to a decline in demand for smaller stones across the market and poor yield of large stones (backdrop)
Now we have
425ct D Type II Stone
100.8ct recovered
6.1 Blue Stone recovered
21ct and 10ct medium quality pink stones from Williamson mine
Lazard investing 4.9%+ late Feb 19
SLA upped stake by several % points late Feb 19
Yes blackrock reducing but they may have other rationales
Here we are at 18p ffs

Yielding better sized stones and these are high value IMO.

So that will correct misgivings about the investment at Cul.

Each to their own... the above have tangible monetary value... whilst we are priced at bust practically.

GLA DYOR ALL IMO

[cantrememberthis2] 02/4/2019 07:48

No what makes you say that?