Petra Diamonds Share Discussion Threads

[mad_ max] 19/7/2019 11:55

Duffy is coming from the finance side of the business...he was CFO at ashanti gold..the investment to upgrade the infrastructures of the mines is finished and at the top of technology...in order to mine bigger stones without risk of breaking them. Also a capital increase should be welcome at this stage. Look at the 20 year chart...periodically Pdl goes from boom to bust..this levels already seen several times in the past...from 20 pence to 1.40..2 pounds...several times.
Lucara diamonds on the Canadian mkt with no debt..surely not booming as far as the share price is concerned sells for three times sales..same exposure to africa... PDL considering the debt now should be selling st least for 1bln mkt cap...for having the same valuation of Lucara..put a discount..ok..60p to 70p..the right price..that is the revised down Bmo securities target price. Jpm morgan 35p...Goldman 32p...I am buying..now.

[plentymorefish] 19/7/2019 11:38

Yep, shaping up as expected. Monday will be fun, unless you're long, of course!

[resourceful] 19/7/2019 11:36

max
the 500m debt has to be repaid
no way to do it

[plentymorefish] 19/7/2019 11:24

And now the Galaria point has failed too....that's 3 different support points in a little over 3 trading days. The clues are all there people.....

[mad_ max] 19/7/2019 11:15

From their site" the company has 290.5 mln cts of resources "...at let's say 500mln sales each year at an avg price of 110 usd per cts...it has roughly 32 bln usd of resources..64 years of life..without any other development or big finding...
You buy this business for 164 mln plus 500 mln debt...

[resourceful] 19/7/2019 10:42

am sorry I came back to this
guy,forget all the technical shorting rubbish
fundamentals
diamond prices on the floor and falling
Petra will not make enough to cover its debt
there will have to be another huge equity raise
its not alone
the sector is bombed out

[argylerich] 19/7/2019 09:29

45p from plenty? ha ha ha he only turned up after the horse had bolted at 22. To make any money shorting this you need to be wagering a ton on it. Risk ratio madness but hey ho, when you sell you've got to buy back :-)

[lukehold] 19/7/2019 09:16

How's you position building.. topped up enough yet? Better shorts available at gap

[lukehold] 19/7/2019 09:09

45p you have been in here a lot longer than I. I got in at 17p saw it rise to 28p within a month.. expecting it do the same again

[plentymorefish] 19/7/2019 08:38

Lol....I bet you thought that at 45,44,43,42,41,40,39,38,37,36,35,34,33,32,31,30,29,28,27,26,25,24,23,22,21,20,19....
you get the picture

[lukehold] 19/7/2019 08:33

Results or another reported diamond find will blow away anything you've made here :). Watching and waiting for the correction (up)

[plentymorefish] 19/7/2019 08:29

Looking good now, back on the move (down)

[plentymorefish] 18/7/2019 18:56

Price seems to have stabilised for the last couple of hours.....interesting

[argylerich] 18/7/2019 17:28

Muppet alert in the Alderan galaxy...

[plentymorefish] 18/7/2019 15:12

And now the Ptarmigan point has gone too, shaping up nicely for a lurch downwards

[lukehold] 18/7/2019 10:02

Should, likely... not so sure are you.. Are you short and if so why would you be when one diamond find could blow weeks of minor drops away. imo shorting this at this level is a crazy game, so I imagine you are really just stake building, which means you believe in this long term fish.

[bennigoal1] 17/7/2019 15:45

Sorry Fish, what do you mean with "Alderan resistance point"?
THANKS
Andrea

[plentymorefish] 17/7/2019 15:28

Nicely below the Alderan resistance point now, clear sky down to 12p. Monday should help speed that target up as the numbers are likely to disappoint

[argylerich] 17/7/2019 12:26

FY19 trading update and 2020 guidance Monday. Place your bets and no need to yabber about them ;-)

[plentymorefish] 10/7/2019 10:50

There's the 4th (failed) test of the Camigan resistance point. Should head to new lows nicely from here

[fsawatcher] 09/7/2019 19:45

you made more wrongin calls than boris jonnyholeinmydurex jonson

liberum reiterate the downgrade 2 days after downgrade coz no one liste to those torwats

akcept yous!

aktung baby

[plentymorefish] 09/7/2019 10:36

Eh, I'm 5ft 11" - national average is 5ft 10"

[mad_ max] 09/7/2019 10:21

Sorry fish....which kind of support you are talking about??!... bid 20.04 ask 20.16 now ...50 mav above 100 mav..volume also yesterday ridicolous....600k shares traded...I own more ....you are always trying to create panic...and selling..because of your probably short position...

[plentymorefish] 09/7/2019 09:46

Just tried speaking to Liberum but no joy at the minute. I'm presuming their also revising (downward) their TP too