Petra Diamonds Share Discussion Threads

[argylerich] 16/9/2020 11:55

Ideally whatever agreement they come to would remove the debt, but I'm not sure they could get all the debtholders signing up for that?

[davethehorse] 16/9/2020 11:51

True. If they keep recovering quality stones like these surely they can start to reduce the debt? Could be a good recovery play but maybe wait for the terms first?

[argylerich] 16/9/2020 11:44

On the positive though, it's the first time they've talked about equity dilution as opposed to equity wipe-out, which had been a distinct possibility.

Currently valued at £20m ish from a possible £500m normal valuation.

[davethehorse] 16/9/2020 11:24

Pretty much kills it really, nice stones but shorters will love that comment

[atticusfinch1] 16/9/2020 10:47

Another 10 blue stones at 25 carats a piece would be needed to change course there...

[atticusfinch1] 16/9/2020 10:44

No surprise to degree, we know the debt pile is significant, 50m (speculation) doesn't change that need to restructure and find funding solution.

[davethehorse] 16/9/2020 10:37

What about the end of RNS statement?

[atticusfinch1] 16/9/2020 10:23

Indeed, last one sold if I recall was around 20 carats for 15m USD. Therefore these 5 could be worth.. ? 50m??

[davethehorse] 16/9/2020 10:15

They will be high value

[atticusfinch1] 16/9/2020 10:02

Nice to see some blue stones driving the increase... 5 this time.

[atticusfinch1] 15/9/2020 20:51

Volume ticked up too last two days.. something is coming..

[davethehorse] 15/9/2020 18:58

On the rise again. Good news imminent?

[davethehorse] 10/9/2020 10:36

Looks like the rise was again due to Twitter rampers although news on offers if any snd sales cannot be far away.

[albert3591] 09/9/2020 11:40

Just in the header it said aim no worries

[albert3591] 09/9/2020 11:38

Bob Ross....my mistake hope apology accepted

[davethehorse] 09/9/2020 11:28

Positive newshttps://www.diamonds.net/News/NewsItem.aspx?ArticleID=65507&ArticleTitle=Lucapa%2bto%2bSell%2bMothae%2bRough%2bPrivately

[bobro345672] 09/9/2020 10:50

Albert3591..thanks for the info..very interesting point.

Its ftse all share, not aim, but Albert's point is just as valid. It was aim before

[argylerich] 09/9/2020 10:39

The irony is that Williamson is completely worthless to the company anyway. The GoT was double taxing by keeping back the VAT receivables as well as the original diamond parcel. Hence Williamson is currently not even in production.

[davethehorse] 09/9/2020 10:14

Its not Aim?

[albert3591] 09/9/2020 10:01

Bobro345672....these very small penny shares on the AIM are nearly all a big fiddle,that is why AIM rules are so lax.It would not surprise me if the AIM was killed off by uk government.That is unless they get their house in order.

[bobro345672] 09/9/2020 09:21

Share is worthless imo...

[albert3591] 09/9/2020 08:30

Pumping blu at the top of its spike.lol

[hodhasharon] 09/9/2020 08:22

"I hope you all notice no shoddy pumping this today,I wonder why!!!"

I'm busy loading up on REAT. I have a feeling COVID cleaning specialist might be in high demand over the next few months. Once the new contracts are announced it should be a 20 bagger.

[davethehorse] 09/9/2020 08:15

The the announcement holders were hoping for.

[argylerich] 09/9/2020 07:15

Oops, the reason for the pump/dump?