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Not so bad as it would seem on first sight. We've got plenty diamonds still in our inventory. But I must admit I'd prefer they would keep debt flat and postpone just the sales that are above that range. Anyway the cash position tells that we have enough funds to wait for markets to recover - and to conduct the necessara investments.
Last year was really bad especially when you think of Williamson. Taking that into consideration and assuming Williamson will deliver the usual fancy stones, the report and outlook is o.k. for me.
Sounds alot like dangling a carrot in that RNS right. Big price gains just round the corner so hang in there people ;). im so underwater that ill be following that carrot though! GL all
Todays RNS
"We expect rough diamond demand will continue to be subdued in the short-term on account of increased polished inventory, prolonged weakness in the Chinese market, lab-grown diamond sales in the bridal jewellery segment and higher interest rates impacting the mid-stream in particular. Although demand for lab grown goods increased, this was coupled with further price depreciation that continues to substantially differentiate this market segment from our unique and rare natural diamonds that provide enduring benefit in celebrating life's most significant moments. As a result, the Group expects ongoing price volatility in the short-term, but remains confident that the structural supply deficit will support medium to long-term diamond prices."
Awful. The market is on its backside just when Petra needs the cash for increased capex. 50p incoming...
Looks like no sadly, market is too iffy at present, everything going down...
Could these two big purchases signal light at the end of the tunnel?
That has to be a roll-over?
2 x 10m+ trades just been struck here....interesting...
Q4 561,624 ct sold for 49.9 m = 89 usd per carat, this figure doesn't make sense?
Quietly ticking back up here, bottoms in and only way is up...gla
Popped off.
Still here Terry? Very odd given you still dont rate it. Suggest you take the advice of a TerryMC1 on this board below...
Looks like a good time to buy to me
Off you pop then
Terry which company haven't you posted on today!!
Are you payed per post ??
50s here is a given I will call 35p as the low in the next 18 months .
This is a lifestyle company for the BOD only ...
GEMD Q1 update tomorrow....looking for a positive outlook re diamond prices and lower operating costs...
China's GDP rebounds greater than expectations, up 4.5% (vs 4% est) in Q1 and grows at fastest pace in a year. March Retail sales with a big beat at 10.6% vs 7.5% est. Good news for the diamond market ;-)
Said on analysts call dividend payments back on the table. 1m trade just gone through...
I disagree and as a holder hope I am right and you wrong - but my conviction isn’t 100%.
Strong increase in production - debt up as inventory sitting in stock due to timing of the result.
Overall, confirms cullinan back in production mode and plans to further expand and diamond prices remained at good levels.
Happy to concede if I have the market view wrong.
NtD
60s incoming !! I said stay way clear of this untill 2025 .
Worth a punt at 40p.
Debt will increase further this year and probably into 2024.
They were going so well now a complete car crash .
Time to load up with cheap miners like PDL and GEMD me thinks...;-)
Basically they dont care one iota about share holders, dont buy. They got diluted by 10 to 1 after the lock down, then grouped 50 into 1. In my view was a sly attempt to make like the sp recovered, if you want the old equivalent share price, divide it by 50. They in no way care about you.
I'm at a loss to know what's going on with this Company. Are they selling diamonds, have any blue ones been mined recently, are all mines up and running at full capacity. News is rarely seen, well I haven't noticed anything really detailed enough to install any long term faith. Can anyone out there enlighten me, thanks?
Stay with SOLG it's on the move