Petra Diamonds Share Discussion Threads

[atticusfinch1] 06/4/2020 12:36

Nice uptick, and nice break from downward trend.. although fully appreciate trends in times of crises less relevant. All we need now is another one of those nice big blue stones that Petra is famous for...

[growthpotential] 03/4/2020 21:01

& I'll be flat :)

[atticusfinch1] 03/4/2020 19:16

As mentioned I bought a few, ad see this as a good punt, I average about 1.17, likewise prior to CV company valued around the 8-10p mark. The diamond market started to show some signs of picking up and spiked quickly. Given its a solid company in the area and good ethics, likely there'll be support to steer through this. That's what I'm betting on anyway. Maybe if i check back in 13 months I'll have tens times my investment

[atticusfinch1] 02/4/2020 10:09

Clearly high risk and depends on cash flow, debt support... I'm taking a 'punt' that Petra recovers, but I'm biased, I've always had a soft spot for this company after investing 20 years ago... not great grounds for investment I know... but it's a small punt.

[davethehorse] 02/4/2020 10:00

Got to go sub 1p soon imo

[fsawatcher] 01/4/2020 12:03

but they gotta surive to next years innit

that problem

beggars not choosers they say

[fsawatcher] 01/4/2020 12:02

i heard lotta peeps intersted in Cullinan mine

they be better off sellin it next years coz get better price

[growthpotential] 30/3/2020 21:55

Yeh who even does that at almost 0, why would you sell 14 million shares lol at almost 0!

[stockhunters] 29/3/2020 12:59

yup tweedled but remember that means market makers worked that order in over a period of weeks and now printed it means no seller will be dragging on the shareprice now

food for thought could be a nice recovery now

[tweedledummy] 28/3/2020 17:20

14.5 million share sale at 0.7p yesterday afternoon. Ouch. Brings tears to the eyes just thinking about it.

[stockhunters] 27/3/2020 18:26

just seen on lse big sell trades

looks like seller might be out

might be the reason why shareprice dropped so much

good luck

[atticusfinch1] 27/3/2020 07:39

Indeed a punt now, but worth a small one, this once was a solid business, if they can turn around it will pay back nicely. I'll be buying a few today.

[growthpotential] 25/3/2020 19:05

A great way to get exposure to the diamond market. Clearly a volatile and high risk punt but I'm comfortable with the amount invested albeit at 9.7p!

[mad_ max] 25/3/2020 09:10

The debt 2022 is in the forties...

[argylerich] 24/3/2020 12:02

I wonder who is buying the debt?

[ukgeorge] 24/3/2020 11:40

I wonder what the debt is trading at

[davethehorse] 24/3/2020 11:35

Sub 1p today?

[resourceful] 19/3/2020 09:56

no way the company has not breached every banking covenant
debt must be restructured
this will be a 90% plus equity writeoff

[letmepass] 19/3/2020 00:58

Recession not good for diamonds

[growthpotential] 19/3/2020 00:49

PDL has debts yes but the mines are developed and if diamond prices can recover this should surge back up. Creditors have been pretty lenient historically I believe