Petra Diamonds Share Discussion Threads

[jwilkes1] 21/7/2021 16:13

Just bought some as cashflows are pretty incredible

$49.5m net debt reduction in just one quarter is remarkable for a company only valued at £170m.

What’s outstanding is that this excludes the $40.2m stone that was discovered as this was sold post period!

Net cash and dividends ahead. This has finally become a buy and hold !

[davethehorse] 21/7/2021 15:19

II action I assume, diamond market on fire. PDL and GEMD should make hay :-)

[74tom] 21/7/2021 15:01

Historic enterprise value was always north of £1b from 2012 until late 2019. With the debt restricting out of the way & cash pouring in from a rejuvenated diamond market, the current EV doesn’t make much sense;

Market cap; £182m
Net debt; $241.2m / £176m

EV: £358m

A market cap of £824m (for an EV of £1b) would give a share price of 8.5p, so around 350% upside from current levels.

[richie32] 21/7/2021 10:55

Great update

[ultimatejustice9] 21/7/2021 10:33

Debt gone in 5 quarters if diamond prices hold up

Has potential this one

[argylerich] 21/7/2021 10:24

It's the change of direction re Williamson that makes things far more interesting here. Covid moving on the Bulldozer has done Petra a massive favour.

[davethehorse] 21/7/2021 10:08

Diamond market RAMPANT. Watch out for GEMD trading update due at month end, could fly towards 100p from 70p if positive as expected.

[pre] 21/7/2021 09:46

was priced to go bust and what an excellent trading update, now look at how this company is turning things around - definitely one to watch imv

[gary38] 29/6/2021 13:21

https://www.nationaljeweler.com/articles/9907-petra-puts-39-carat-blue-diamond-up-for-sale

[p winky] 01/6/2021 07:21

I believe a 20 carat blue sold for 15 million in 2019, interesting to see what 40 goes for.

[ali47fish] 02/5/2021 11:18

dave although and interesting article no connection with our petra here!

[davethehorse] 02/5/2021 10:06

https://www.thetimes.co.uk/article/dd20075e-a9dd-11eb-972f-15a4ff2ab1d7?shareToken=b05232682d0defb25cd155d415b69dbc

[richie32] 01/4/2021 16:36

Just curious. So today some valuable diamonds have been discovered.

Does anyone know how pdl deals with security? If I was a miner and saw those diamonds I would be tempted to have them for myself.

[pass the dutchy] 18/3/2021 18:53

ANA will be the UK’s leading cannabis producer (200 TONS per year that’s worth £400m)


Share price 1.45p
Only £8m mkt cap


Fastest growing sector worldwide
Will have first mover advantage in UK
Same growers as GW Pharma (just got sold for £5b)
4 biggest shareholders hold over 50%
BOD own 30%
Massively undervalued
Near term multi bagger on license approval
Partners with leading prof , scientists etc
Primed for a RTO/ main listing (price driver)
Under the radar (most chased MXC,CBX)
Looking to bring a product to market
Off take agreement in place already
Will be producing 200 TONS per year (200,000 kilos)
Has the most land out of every UK cannabis co (40 hectares)
Fully funded for phase 1
UK medical cannabis growing 20% month
Only 584m shares in issue
Hardly any available in open market
Will apply for a commercial license too

[argylerich] 18/3/2021 09:16

P winky this could make Williamson more interesting/viable for Petra. I suppose it depends if the incoming President is strong/clean enough to stop the corruption. With Williamson mothballed and a slower flow of slush money it'll be time for the company to test the water.

[p winky] 18/3/2021 05:12

President of Tanzania has died, he was rather hard on miners, new incoming vice studied economics in UK. Will hopefully be good for Williamson diamonds.

[leopoldalcox] 16/3/2021 22:22

Are they the leveraged product provider?

[richie32] 15/3/2021 14:13

answered my own question...yes it is...

[richie32] 15/3/2021 14:12

Sorry for my ignorance but the holdings RNS reports Vontobel holdings now sitting on nearly 18% of PDL.

Is this something to do with the restructure?

[p winky] 15/3/2021 08:19

Picked up a few , interesting that the bulldozer is awol and possibly on a ventilator in Kenya. Covid doesn't exist for him.

[laptop15] 14/3/2021 13:01

BERENBERG UPGRADE FROM HOLD TO BUY...could be an interesting week at petra

[laptop15] 12/3/2021 15:54

https://twitter.com/laptop1515/status/1370402373399642113?s=19