Petra Diamonds Share Discussion Threads

[hodhasharon] 04/9/2020 15:59

Double the price.

[albert3591] 04/9/2020 15:58

Oh dear looks like you have a parasite on here now,be careful,very careful.see what it looks like in a few days time.

[hodhasharon] 04/9/2020 14:49

Looking good.

[davethehorse] 04/9/2020 14:07

Is it a trap?

[davethehorse] 04/9/2020 13:42

Some buyers identified?

[hodhasharon] 04/9/2020 13:39

Might get my 3p by close :-)

[hodhasharon] 04/9/2020 13:38

In auction. She's gonna blow.

[hodhasharon] 03/9/2020 09:25

Executive Summary
Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa, Tanzania, and Botswana. More Details

Trading at 88.7% below our estimate of its fair value

Earnings are forecast to grow 56.96% per year

Stable Cash Runway: Whilst unprofitable PDL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PDL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.5% per year.

[hodhasharon] 03/9/2020 09:23

Keep your eye on this. 3p September target (for short term holders). 30p for mid-term (Q4 2020).

[davethehorse] 01/9/2020 13:50

Petra following GEMD up...

[growthpotential] 26/8/2020 14:08

I would agree, only I was in at 9.7p but if this goes down under I won't lose much more. They've developed a good set of mines, it's just the circumstances that have caused this uncertainty

[bastianini] 22/8/2020 16:07

If we hold a view of value that enables us to buy when everyone else is selling—and if our view turns out to be right—thatR17;s the route to the greatest rewards earned with the least risk.

[growthpotential] 19/8/2020 18:49

Is this mine still open?

[atticusfinch1] 19/8/2020 15:00

Stranger things have happened! You're not alone here, I'm sitting patiently on a few ks worth at around 2.2p. High risk for sure with debt pile. But underneath Petra has been run as a good company, and they occasionally find some nice big blue stones... like you say if diamond market responds as another place away from devalued dollars...

[redbaron10] 19/8/2020 11:26

Bought £500 worth purely as a punt.PMs are doing ok with a wilting dollar,let's see if precious stones catch an investment bid.People need a safe haven for their cash,why not the scarcity of diamonds as a place of value for a depreciating currency.Probably a rush of blood to the head but you sometimes have to invest on your hunches.I will be proved either right or wrong.Roll the dice.

[growthpotential] 17/8/2020 13:36

Interesting but nothing to be too excited about? My only saving grace is that this was my smallest ever investment even at its peak, ie the buy in price

[338] 13/8/2020 14:16

will pdl survive?

[davethehorse] 12/8/2020 16:52

Worth a read for holders https://www.diamonds.net/news/NewsItem.aspx?ArticleID=65393

[hugotanha] 06/8/2020 13:56

Well time showed that you are full of it

[davethehorse] 30/7/2020 09:55

GEMD have announced a reasonable 1st half today considering the circumstances

[davethehorse] 30/7/2020 09:54

Its a guessing game with PDL and a very high risk one at that so am staying clear. Find it strange that there has been a total lack of big stones reported, with Cullinan you would have thought they would have found a few worth reporting. I have no idea of the true worth of the company as share holders may get nothing so prob best sit on the sidelines and watch

[davethehorse] 30/7/2020 08:29

Being walked down by mms