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Never shorted a share !!
The slide continues here keep ramping PVX.
357M Debt is a huge issue here end of. nothing more nothing less .
Well carrot you can believe me or not as you wish.
But I'm assuming you were heavily short this stock at 86p and geared, so your losses must be 200/300%?
Also you lie about Petra. You said the exceptionals had dried up. And you intimated this was because the workers were stealing the diamonds. This is an appalling accusation.
You also don't understand the financials.
Sorry, but I've no time for people like you.
PVX you bought at 138p as well and you are still 70% up with the share price at 112p to sell !!
You need to really look at your calculations again because it makes zero sense to me .
carrot,
I said around 70% can't be bothered to do the exact maths as I've been buying petra all year at different levels. But I recall buying around the 60p mark on the dive after consolidation. I've bought as high as 137p, so a small loss there.
So you said sell at 86p and now it's 114p and you're still trying to get people to sell. I'll leave it up to readers to decide who's the fantasist. Also, you provide no objective analysis of pdl, you just use language to frighten new traders from what I can see.
PVX so you bought in at 65p ??
I think that 65p ( 1.15p old money) was only for one day when the consolidation happened !!
You are a total bu[[shi//er at least we know now what sort of person you are.
A fantasy trader when no more than £100 invested in here please go away and make up stories on another forums.
And by the way I said sell at 86p which in a few months could be a god send.
I'm up around 70% at these prices. Fortunately, I didn't listen to carrot's advice to sell at 70p. Also, I see we're up now 12-13.. so much for the tin hat stuff.
Remember, Petra earns in dollars so there's another 10% increase in profit given the poor state of the pound these days. Wouldn't surprise me to see near parity with the $ in a few years.
Indications in the last tender statement that the next tender in June will have a better mix of diamonds. Should easily beat Q3 revenue imo. Another 50 million of debt in Q4 is my guess with a healthy net cash position..
US market crashing Tin hats tomorrow!!
The decline continues here !!
We are 16p away from 96p and 28p away from 140p.
Place your bets rampers ???
PVX don't count your chickens just yet Man City made that mistake last night !!
I will apologise if this sees 140p but I expect the same if this hits 96p first ??
But I won't hold my breath...
I thought this was definitely going back to 96p. I can see 116 on the ask! And exceptionals had dried up, but they just sold another for 6 million.
The lower prices this time round was due to the comparative and the mix of stones. Both are indicated to improve in the next sale in June.
Diamond prices are not falling of a cliff. Prices for smaller stones are strengthening..
Fcf should eradicate debt quick quickly imo. Plus there is the sale of the loss making mine.
All these sanctions on Russia have accually pushed diamond prices down !!
The demand in China and Asia has fallen of a cliff recently.
115p didn't hold this time so next target 96p ?? If that doesn't hold then new lows will be seen here.
The Market has this priced to fail now.
All them quarterly $45m debt payments have had zero effect.
Look at Gem Diamonds zero debt paying a divi doing buybacks and for what ?? A share that Hasn't stop falling recently.
My guess is that we will be "flagging" for the rest of May at the current level within the boundaries of 110-130ish. Somehow the resistance we hit at around 137 demands a more solid basis, than I assumed at first, in order to break through... Given the transformational dynamics in the PDL balance sheet journey going from heavily indebted to debt free to cash cow within a year or two, and a solid 65% growth YTD (from 70 on 1st Jan to 115 today), I am not concerned about the current sp level.
We'll know soon enough - are MMs expecting an RNS, and so have been trying to spook people into selling (or letting their mates in...)?
Wow. 10p jump in minutes - some shady trading going on. They’ll be getting some unconvincing and humourless avatars to post here and attempt to unsettle retail punters next .. :)
Carats - you need to apologise to all the people you encouraged to sell at 85p.. :)
What a disaster this is !!
I always said something wasn't right here!!
Hopefully a few apologies are in order from all the rampers ??
I won't hold my breath though. Every RNS they put out is followed by a huge decline.
The elephant in house is the huge $357m debt.
Kiss goodbye to Dividends for at least 2 years .
Looking at RNS dated Mon, 17th Feb 2020 07:00, and studying "H1 FY 2020 Sales, Production and Capex – Summary" , there is a wide variation in price paid per carat from the 4 mines. Also quality variation may give a lower value.
Last parcel averaged $188 a carat !!
This parcel $135 a carat so talk of rising diamond prices is pie in the sky.
Thats almost $35m short on this parcel ??
Where are the rampers on this RNS.
I'm sure someone can sugar coat it ??
Petra Diamonds Limited
Sales results for Tender 5 of FY 2022
Petra Diamonds Limited ("Petra" or the "Company") announces the results of Tender 5 of FY 2022, at which 635,806 carats were sold for a total of US$86.1 million.
Tender 5 FY 2022 ResultsFY 2022
Tender 5FY 2022
Tender 4FY 2022
Tender 3FY 2022
Year to DateDiamonds sold (carats)635,806735,222885,1362,966,875Sales (US$ million)86.1140.6128.4491.4
Like-for-like rough diamond prices decreased by 23.7% on Tender 4 (March 2022), but were up 3.2% on Tender 3 (December 2021), with the balance of price movement attributable to product mix. Strong demand was again evident across all size and quality categories. The reduction in prices compared to the highs seen in March was in line with other market commentary and as anticipated in our Q3 FY 2022 Trading Updated earlier this month.
Rough diamonds decreased by 23% wow !!
The market doesn't like that even though an extra $83m in the bank.
115p will not hold now 96p incoming???
Oh look. A blue diamond.
You really have the Midas touch carats. Keep it up!
What a ridiculous comment!!
Why the hell would I want to be another allies.
To many delusional investors in this world. Its going to £5 we are getting a massive Divi cone on please.
A debt pile of $357m has to be reduced to $100m minimum.
So 18 months at least before any dividend payments , big diamonds have completely dried up so let's say 2 years ???
AIMHO
Because @MrGekko and @MrCarats are the same person. LOL
Use the same words, use the same writing style and say the same bullspit.
Has anyone any idea when the 71K diamond parcel in Tanzania will be released?
I thought it had all been cleared.
Probably behind the sofa !!
Amazing how all the big diamond finds have dried up ??
Maybe a new scanning machine is needed to check the staff .
15.1 carat De Beers Cullinan Blue Diamond, found last year, sold at Sotherby's Hong Kong £38 million.
Are there any more in the backroom?