Petra Diamonds Share Discussion Threads

[wigwammer] 30/9/2019 13:40

Not really. Key words are "The penny will soon drop....and below that too!".. which you then proceed to contradict.

[plentymorefish] 30/9/2019 13:22

Key word is 'looks'. Looks can be deceiving. You've paid your money and taken your choice and good luck with it....

[wigwammer] 30/9/2019 13:03

So the upside looks significant, but below a penny will happen soon. Not sure I follow.

[plentymorefish] 30/9/2019 12:58

Indeed it is. There is certainly fun & games at play here but it feels more like a casino type scenario than an investment opportunity at the moment. I'm not short at these prices, far too dangerous imo, and the upside looks significant but it must be down here (currently) for a reason. As always, the PI will be the last to know and in the meantime you either buy/sell/hold/be a rubber knecker. I'm the latter for now but watching like a hawk

[wigwammer] 30/9/2019 12:51

Well done on the call. Different investment at 7p than at 22p. That's why I'm here :)

[mad_ max] 30/9/2019 12:12

Plenty had a target of 12p..the previous all time lows when the stock was at 22p...unfortunately I did not follow his advice I sold on the technical break after results of end of July around 16p.

[plentymorefish] 30/9/2019 11:35

Yep, all the way from 22p (admit I didn't pick it up when it was even higher). Check my posts, it's all there....

[wigwammer] 30/9/2019 11:24

Were you here calling it down at the higher levels, or are you more of a post event commentator type? :)

[plentymorefish] 30/9/2019 10:26

The penny will soon drop....and below that too!

[plentymorefish] 30/9/2019 10:26

I think that was said at 25,24,23,22,21,20,19,18,17,16,15,14,13,12,11,10,9,8,7.....you get the picture....there's a reason it's going down and I'm sure the penny will soon drop....

[wigwammer] 30/9/2019 10:20

Valuation here is daft as a brush. Load up :)

[alamaison5] 30/9/2019 10:16

Sold, made a tiny profit and moved on. Too weak, big seller...

[plentymorefish] 30/9/2019 09:37

Is that the MCAP you're referring to alamaison5?!

[alamaison5] 28/9/2019 16:25

I say closing at 8p by Wednesday.

[mad_ max] 27/9/2019 17:13

Price of the bond today is 80...was 77 some days ago..

[rumobejo] 27/9/2019 17:10

6.99p not a nice close :(

[wigwammer] 27/9/2019 16:54

Yield of 17%?! So if the debt is trading at less than half of the principle $650m ie around $300m - then why don't they commit to using the free cash generation up to 2022 to buy it back at this discount? Some of the apparent short positions being taken out at the minute on indebted companies appear risky beyond any historical precedent. Or perhaps I'm missing something. GLA :)

[alamaison5] 27/9/2019 16:53

Auction: sell 6.965
buy 6.99

4,000,000 share was bought at the auction. Not sold, lol.

[atticusfinch1] 27/9/2019 16:43

I think we've just crept above 7p on Close... needs a few more of those blue stones to get this moving..Technically looks stuck in downtrend, but risk / return of shorting here not so good. Sure with debt and fx there's risk, but upside potential massive imo..

[technowiz] 27/9/2019 16:16

is was up to 7.7p yesterday.

remember its a Friday. often its a poor day for shares. seen many at lows today.

[mad_ max] 27/9/2019 15:52

People is scared by the new lows...the only positive is that the bonds 2022 are moving higher a bit...yield 17%..

[rumobejo] 27/9/2019 15:16

but there is a consistent supply of shares too, wonder where this is coming from after last week huge trades...

[atticusfinch1] 27/9/2019 09:22

Consistent buys this morning, will we see support at this level..

[ukgeorge] 27/9/2019 09:05

No position,just curious to see the outcome

[rumobejo] 27/9/2019 08:54

George, why you here? are you short?