Petra Diamonds Share Price (PDL)

@Scoobydoo321: I do not have special insights, but just read a few news items... So far, I guess this is a case of bad press... about a legal case and criticism from the UK watchdog RAID about PDLs hired guards shooting with metal ammo, which under the cirumstances would be excessive use of force and a violation of international rights. PDL say they take the claims seriously, and have started a serious investigation. The guards in question have been removed, and a new guard company hired in. I guess the case will be settled outside court, if it does not disappear by itself, since it is not PDL that has violated rules but the independent guard company. The trespassers who were digging diamonds from the PDL mine area also have rights e.g. not to be shot that should be respected, but PDL also has a duty to protect its property. The question is whether the removals were done with excessive use of force or not? and if so, who is to blame? PDL management say they have given clear instructions to only use legal and proper means to remove unwanted trespassers, and therefore the guards must answer for themselves, but if it turns out that PDL has actually given misleading information about the way management instructed the guard company, it could become a more serious problem for PDL... We will have to wait and see.

http://www.alrosa.ru/wp-content/uploads/2021/04/ALROSA-Q1-2021-Trading-Update-IR-release-16-04-2021-ENG.pdf

Guys - How does the court case on human rights , Tanzania affect PDL ? Can you share your insight. Cheers

Cheers Splendor, have a great weekend.

SR123: Well, I do not follow them to get the truth about the company numbers, since I expect to get that information from the PDL itself. I assume they get their numbers from other sourcees e.g. different analysts... and then use standard cashflow analysis to calculate NPVs and fair share value etc.
I interpret the dramatic back and forth as a sign that a large movement in public perception might be underway.
The very different perspectives seem to be based on either the past years' performance or analysts projected future scenarios. If PDL is about to do a full turn-around of this magnitude this controversy is actually to be expected, so I am not worried by it.
Fair enough if you take your point of departure in Peel Hunt, but currently, I am interested in signs of WHEN the wider recognition of the assumptions we (including Peel) build our opinion on will gain traction in the market. Therefore, I made a brief note about it here.
Have a nice weekend all - maybe even 'cautiously but irreversibly raising a pint of beer to your lips' .-)