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PDL on the move...
just looking in here out of interest, one of the shares I sold many moons ago.
I don't wholly disagree with you but balance says you need to bear in mind how many more shares are in issue since those heady days, they've increased shares tenfold since 2020
The February diamond price index showed signs that the market is bottoming and showing early signs of recovery. Coincides with China opening up and US inflation slowing...if PDL find and report a few decent stones we should see a decent recovery in SP here and other diamond miners, prices look historically cheap and ripe for a rebound imo...dyor
hxxp://www.idexonline.com/FullArticle?Id=48373
Now, focusing on the best mines after shelving the dead wood puts them in a strong position to build the cash, a divi would definitely be a helping hand for its share holders
After a break they are just recently finding high value stones again. Could easily be the start of a good run on such finds if they have hit a rich pickings area of the mine. This if it plays out would significantly enhance the profile of their ongoing financials. Probably why they have kept the door open for an upcoming dividend….looking further down the line in coming years they are implementing capital projects targeted at improving efficiencies and annual production rates. Lots to like here if you ignore near term noise which has given investors the chance to buy-in at close to what the chairman previously paid for a good size purchase. DYOR.
Plain fact of the matter is carats sold is down, margin is down, profit has collapsed and FCF has fallen through the floor. On top the highwaymen in the gift of T are looting the diamonds (again) and RSA is a basket case. I think that they hope a white knight will appear on the basis of Cullinan, Duffy has said as much, but with these metrics all tanking I really doubt it.
No, in the last end of year report they said the board were discussing providing a dividend this coming year. No promises were made. This is just another confirmation that they are looking at doing it at the end of this year.
I'll be honest I dont think they actually will judging by the performance so far. Unless the 2nd half of the year really catches up I doubt they will feel secure enough to do it even if they do have the available funds.
But dont make claims they are making promises when they never did.
They said that in 2022 so just keep kicking the can down road to keep shareholders holding on a pipe dream of dividends!!
Good luck though 50s incoming at some point this year and no more flooding in the remaining mines.
South Africa is having massive flooding issues as we speak hopefully the cullian pumps can keep up ??
Thats funny, the update says the opposite.
"The Company will consider the payment of a FY 2023 dividend when finalising its year end results."
Petra Update!!
No Dividends .
All jam tomorrow this is a complete dead duck till 2025 !!
How much will the debt grow by then ???
Bondholders and institutions still dumping behind the scenes.
The BOD don't even buy here .
CEO Mr Duffy WTF!!
50p incoming after that statement.
Feel sorry for investors believing in this ponzi crap !!
They now have the crap out of the way they may start turning this arround
Restructuring was £1.80p new money !! Now 77p its high risk with zero return .
I wouldn't touch with a barge pole this year.
It will be in the 40s at some point this year??
Bought a few today. Risk reward is quite good at this price. Imo. PDL are at a level before the restructuring.
Hopefully everyone sold up in the 90s after the recent updates ??
The Market is on a little rally at the moment so it gave you an opportunity to dump here .
No BOD buys yet but then again why would you when you are getting a 300% increase on your holdings for nothing .
February update will see this in the 60s
Nothing stopping this cesspit of a share!! Maybe a punt a 40p but then again if the debt keeps increaseing at a constant rate which it probably will for the next 18 months just stay short !!
I will guess another restructuring in 2026 and shareholders wiped again .
Bondholders take over again rinse and repeat.
Should be investigated if it happens again??
You can't polish a turd .
Though if it goes much lower I may get my barge pole out and buy some.
Yep, wouldn’t touch this with a barge pole at the moment. It’s a slow scramble to get out for many. imo.
Neil I'm not here to give advise .
But I know one thing this will be 40p at some point thus year .
This company has a bad history and history is repeating its self again.
How are they going to pay them bonds in 2026 all the time they're adding debt.
2 mines down and their biggest mine is producing low grade material and won't get any better till the middle of 2024.
Divi talk is pie in the sky .
I just said short this from a quid and it's looking good .
I will close around 50p to be safe.
Bondholders are still dumping behind the scenes which tells you everything you need to know.
These African countries are to corrupt to be invested in.
Every shareholder is underwater here now and things will only get worse
Holders only lose here end of .
Are you qualified to give financial advice here?
Waiting for the rampers to give their opinions on what's happening here!! I told you all but got shot down in flames
Is this another Bluerock diamonds scenario in 3 years were they can't pay Bondholders??
Bondholders held 91% now 39% probably will own 0% year end.
Advise here sell up and get out because Petra will be bankrupt in 2026 as eggs are eggs.
Companies like this shouldn't be on the stock exchange robbing investors with pie in Sky statements like dividends.
Adding debt doesn't bring dividends even a crack head with zero IQ knows that .
But the ponzi rolls on while the BOD have a comfortable lifestyle on back of broken promises.
As for 300% Bonuses that has to be the biggest kick.in the balls to anyone investing in here.
They will probably do a capital raise in summer with dilution and more promises that will create shareholders value. BULL****!!
My last post for a while but might come back when this is 50p in October this year.
Hopefully everyone moves on from this ponzi scam and reinvest in something honest ??
Let's hope the BOD deferre their 300% bonuses !!
Would be a kick in the teeth if they accepted them now .
This is a punt now at 40p because that's exactly where it will be in the next 18 months.
Dividend talk is just pie in the sky by this incompetent BOD
Let's hope the cullan mine doesn't have a wall breach in next 18 months then this will be 10p..
And another restructuring which will wipe out shareholders again for the 3rd time in its history.
Nothing but a ponzi and lifestyle company for the BOD who have zero regard for you.
This is a no brainer short now and I could give you 10 good reasons why ??
The conference call later will be interesting!!
Grim reading. SP now less than 2p in old money. All of those big stones last year went to the bondholders. Without some exceptional finds this is only going either nowhere or south for at least the next year to 18 months
Every RNS they write the share gets hammered .
Nothing good here anymore.
I'm sure the rampers will sugar coat it .
That's if anymore are left????