Petra Diamonds Share Discussion Threads

[atticusfinch1] 18/10/2019 15:41

Fundamentals says buy

[blueball] 18/10/2019 15:36

Chart says buy.

[cocker] 18/10/2019 15:33

Could see a strength into the close with so many short and Q1 update Monday

[atticusfinch1] 18/10/2019 15:13

Indeed nice move above the 50MA, expect to see the 9.5 resistance tested in next few days. If we can close above that it will move up quickly from there.

[mad_ max] 18/10/2019 14:54

Now above 50 days mov avg..first time since June

[r88ave] 18/10/2019 12:13

When the trend changes they will be your gold dust fella those AT tradesThere are not as many as they were in past few weeks that's for sure Perhaps the trend is turning hopefully

[technowiz] 18/10/2019 11:56

small trades? you meaning those pesky AT alogo bots. i wish they would just do one.

[r88ave] 18/10/2019 10:16

Notice only small trades are making the moves Different trade condition at the moment

[r88ave] 18/10/2019 10:15

Momentum pushing now once over 8p it will quickly 8.5/9.5Way too cheap at this level

[fuji99] 18/10/2019 10:05

I think Petra's turn around will seriously start from next week following its update as it has already made loads of investments. The fact that Rio Tinto closed the biggest mine in the world will impact on the supply/demand side leading to diamond price increase. Adding reduced tensions between the US and China before year end, this will give a good kick start to this sector which always takes off around this pre- Chirstmas period. So any flagged up positives next Monday will take the share price to another dimension. Keeping in mind that as earlier as last June the share price was within 20p - 30p band without any positives. So I am looking for a share price band of 30p - 50p in the next 6 to 12 months, that is 400% - 600% from where we are now. PDL share price is at all time low so we cannot dig deeper than where we are for a miner with sales of $495 million and a market cap of just £60 millions.

[plentymorefish] 18/10/2019 08:13

MCAP or SP?!

[blueball] 18/10/2019 08:09

Good chance of 8p today.

[mad_ max] 17/10/2019 19:34

Plenty....you were one of the few ahead of the pack.....I am interested in your view now on Pdl...do not you think that could be an interesting buy...at 7.5 pence...65 mln mkt cap...tks

[plentymorefish] 17/10/2019 19:24

Britishbulls....lol

[fuji99] 17/10/2019 12:25

We will be left with Petra's Cullinan mine which is famed for producing many rare blue diamonds and makes it the most famous diamond mine in the world...

[fuji99] 17/10/2019 12:21

The Rio Tinto World’s Biggest Diamond Mine Is Closing by now - One can already anticipate a big impact on supply especially when the demand grows. This is excellent news for Petra and this will definitely lead to gem price increase too.
So PLD is a very strong long term hold to me.

[fuji99] 17/10/2019 12:10

If one looks at its 5year chart, we can clearly see that there is was a rally until the end of the year. Could be the same this year.

[blueball] 17/10/2019 11:31

At last some movement.

[fuji99] 17/10/2019 08:50

May start a strong move upwards from next week.

[technowiz] 16/10/2019 20:28

that big 150k trade of the day was mine. yes sir!

volume very low. i wonder if some of those small AT trades are shorters trying to keep a lid on any rise.

[atticusfinch1] 16/10/2019 17:28

Nice pennant pattern forming on the 1 hour chart. Breakout to north soon?

[fuji99] 15/10/2019 10:20

Interesting report by De beers on diamond market prospects.

[fuji99] 15/10/2019 08:29

Q1 Trading update next Monday -