Petra Diamonds Share Price (PDL)

nothing new in that FT article if that was whats reported.

Nothing positive to look forward to. From today's FT.

“It is a tough market,” Mr Duffy told the Financial Times. “But when it turns, it tends to turn quite quickly.”

Petra now expects that diamond prices will be flat for the next two financial years, rather than up by 3 per cent, above a long-term US inflation rate of 2.5 per cent a year, as previously forecast.

Petra, which also has mines in Tanzania, said it had discussed with its bankers the possibility it might breach certain covenants on its loans this year and next. It said the banks had “reaffirmed” their support.

Mr Duffy said the company would look to reduce its $595m of net debt by improving the efficiency of its mining operations. The company said it had “sufficient liquidity headroom” for at least 12 months.

The sell signal is from today. The previous IC signal before today was in Feb when the share price was considerably higher than it is now.

Wanderer100 thats old IC sell signal from back in Feb. i read the full small article that was published today without having to register with IC. it never gave a buy nor a sell today.

hes giving what he thinks is the base case scenario and so he should imo.