Petra Diamonds Share Discussion Threads

[davethehorse] 04/3/2020 14:10

If it wasnt for the market conditions it would prob nearer 8p ish but for now with the diamond market as it is and cancelled sales in China and Hong Kong its riskier than ever. However it could rise quickly if they find a nice diamond or two.

[stevieweebie2] 04/3/2020 14:01

Been watching this for a couple if weeks now, each time I look in Im reminded why I didnt press the button.Too much debt at this time in the credit cycle and the market knows it, I hope it comes good for Y'all but Im not tempted yet.

[laptop15] 04/3/2020 13:37

Lots of chatter on twitter....its basically very cheap end of story and lots are watching

[ukgeorge] 04/3/2020 12:11

who wants $600M debt? Why bother?

Let them go bust and then buy the mines from the banks. If the company were an animal the rspca would have put it down by now

[laptop15] 04/3/2020 12:01

Well a load of buys are coming in now, the company has 4 mines and have a much higher NAV even including the debt. Defo TAKEOVER target imo

[davethehorse] 04/3/2020 11:00

Sadly the outlook with the current virus situation is grim and they have huge debts to service.

[laptop15] 04/3/2020 10:42

https://twitter.com/laptop1515/status/1235153437882535936?s=19

[davethehorse] 02/3/2020 09:12

Very very oversold

[the stinger] 28/2/2020 18:41

D4E I'm afraid here. Beware

[growthpotential] 28/2/2020 18:32

Very annoying having gone in at 9.7. Fortunately this is not a big part of my fund

[growthpotential] 28/2/2020 18:31

Yeh just gotta ride this one out

[davethehorse] 28/2/2020 18:26

TBH everything is being ditched

[the stinger] 28/2/2020 17:05

II's ditching

[davethehorse] 28/2/2020 16:42

Maybe, impossible to call the bottom imo

[the stinger] 28/2/2020 15:57

IMO only...

[the stinger] 28/2/2020 15:55

3.5p TP here

[davethehorse] 28/2/2020 12:28

GEMD being hammered too.

[the stinger] 27/2/2020 19:49

Davethehorse,, may even go lower than 4p. II's ditching, iceburging it's called and they still have 15% to ditch·

[davethehorse] 27/2/2020 16:39

How did you calculate 4p?

[the stinger] 27/2/2020 16:17

4p looms here

[davethehorse] 27/2/2020 08:12

On the positive side there is good support at 5 to 5.5p and there is a buyer it seems.

[davethehorse] 27/2/2020 08:04

It's about time the directors have the share some support by buying at these lowly levels. Looks like there is a large seller offloading.

[growthpotential] 26/2/2020 22:31

Very easy to criticise someone when the price is down. Most of the moves are market related...

[davethehorse] 25/2/2020 21:43

Is it being shorted again?