Petra Diamonds Share Discussion Threads

[prince7652] 04/6/2020 08:53

Can't buy online either WTF

[tomboyb] 04/6/2020 08:27

can't buy much online with my broker -

But see some large trades going through -

[tomboyb] 04/6/2020 08:15

Climbing towards 3p -

Will this be a recovery play? -

[prince7652] 03/6/2020 14:36

No wonder they would not let me buy will wait

[atticusfinch1] 03/6/2020 13:13

I was just about to say the chart is looking nice... and then it moved!

[chadders] 30/5/2020 11:12

Interesting timing of the update. I see it as a positive and we should successfully negotiate the short term. Feels much less of a gamble to me. Now if rough diamond prices would recover....

It'll be interesting to see the reaction on Monday though.

[richie32] 06/5/2020 16:11

I bought some of these yesterday. Hope to hook on to the recovery

[argylerich] 01/5/2020 11:14

If I was in I'd stick at best, don't think I'd add now without even being able to gauge the risk/reward possibilities.

[davethehorse] 01/5/2020 10:59

Yup not good stick or twist?

[argylerich] 01/5/2020 10:31

Default on the bonds. Opening gambit in the poker game between the lenders, governments and shareholders. We know who will come out worse... ;-)

[davethehorse] 01/5/2020 10:12

Not looking good low volume and big price drop

[chadders] 28/4/2020 16:01

An indication of improving conditions..

[atticusfinch1] 24/4/2020 07:55

Up from 25% though... agreed update would be good.

[rumobejo] 23/4/2020 13:54

bonds at 33% of par, bit worrying!

shouldn't be there as rns by now for recommencement of production and update on debt negotiation with lender?

[davethehorse] 21/4/2020 11:42

50/50 gamble on survival or not really

[big_johnny_h] 17/4/2020 17:22

From that WSJ note of the 4th April:The value of Petra's $650 million in bonds has fallen to just 25 cents on the dollar...... Not normally a bullish sign but WDIK

[atticusfinch1] 16/4/2020 14:01

Have you got the chart upside down Dave? ;)The recent RNS painted a sensible picture of managing cash, whether that be selling more of the smaller carat diamonds, and holding larger for later. Plus setting out liquidity borrowing measures (not solvency debt structuring). Also longer term protection for Williamson on operational care and maintenance.Yes high risk still, no debating that, but given current mcap of £20m, it's got the right risk/reward for me.

[davethehorse] 16/4/2020 08:05

Going back to sub 2p again soon by the looks of it