Petra Diamonds Share Discussion Threads

[rochdae] 10/12/2020 12:49

Who cares as long as you can make money. Now up almost 50% since purchase. News seems to be turning positive, too.

Roch

[davethehorse] 10/12/2020 12:29

Why though, we have seen this pump and dump so many times

[enewman36] 10/12/2020 11:16

Only another 60% from here and I will be in profit so not getting excited just yet

[maverick081267] 10/12/2020 11:04

Anybody here... nice rise today

[rochdae] 08/12/2020 13:58

I don't see it tanking. I see it rising from a tanking. Won't take much to see this fly. Bought 1.5 now 1.8. Fine by me..

[yidarmytom] 07/12/2020 08:52

another one of Tom Winnifith's massive Ramps tanking, just like opti

[rochdae] 03/12/2020 21:46

Yes I am...

[eatstocks] 01/12/2020 23:40

Anyone holding this dead horse?

[rochdae] 27/10/2020 14:59

Thought that was quite a positive update today. Bought some more at 1.5p. Maybe all isn't lost..

Roch

[wigwammer] 20/10/2020 09:37

Don't they repay the remaining debt by selling diamonds in the future? I'm guessing it's tangibly easier to repay half the debt than all the debt, but that's all a bit controversial.

[davethehorse] 20/10/2020 09:00

An extended stay of execution imo

[resourceful] 20/10/2020 08:54

only an interim solution
must be sold

[alexios1201] 20/10/2020 08:49

Anyone know the current bonds price?Thanks

[richie32] 09/10/2020 15:54

Why the rise...did I miss an RNS?

[argylerich] 06/10/2020 18:11

Well it looks like 'war' was avoided for an extra 1.5%!

[davethehorse] 06/10/2020 10:14

Can you blame them get something while there is still something to take

[scantrader] 05/10/2020 23:53

Looks like Standard Life Aberdeen are getting out at a rate of knots.

[davethehorse] 05/10/2020 13:47

Virtually worthless to investors only the future "owners" imo

[richie32] 05/10/2020 12:23

Fair point scantrader but I came in at this level because I assumed the inevitable pain to shareholders e.g. dilution was already priced in

[scantrader] 05/10/2020 12:16

Richie -if a new deal is struck yes the company itself will live on ("come out in better shape"), but no comfort for current shareholders if the expected dilution collapses the current share price.

[scantrader] 05/10/2020 11:43

"PETRA DIAMONDS

The wage negotiations between the NUM and Petra Diamonds have also collapsed at the CCMA. The NUM has received a certificate to embark on a protected strike. The NUM is demanding a wage increase of R1000 while the company is only offering 4%. The NUM is also demanding job alignment in all Petra Diamonds operations in South Africa.

"It is going to be a big, big fight," says William Mabapa, the NUM Chief Negotiator at the three companies. "Food prices , fuel prices and general inflation had sky-rocketed. There is just no room for peanuts increases and for that, we are prepared for war," he says."

[richie32] 05/10/2020 09:05

Bought a few of these last week. I'm sure some deal will be worked out. May be painful but should come out the other side in decent shape

[scantrader] 27/9/2020 14:55

Written on the 17th..(behind paywall)



"drowning in debts that it cannot hope to repay"

"still way too high given the dilution (think c 99%) that is, in a best case scenario, on the way."

A bit weird I think, that the share price is still well up on the diamond news despite
the company itself saying it wouldn't make a material difference re dilution.