Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Hi - I'm bound to wonder what was the cause of the big 7.10p rise on Wednesday - have not located anything within the PDL news - GLA - still like this one for the medium term, though it needs a large sparkling chunk of a diamond to drop onto someones foot, to really get the SP shooting.....Rory -
Hi....this stock will drift steadily southwards until something juicy falls out of the new seams which they are working on as we chat - I trust - then this will start to really go places - clearly the huge expansion programme has resulted in considerable debt - but the banks that are backing them seem happy enough - so, let's just be patient for the time being and await the first announcement of a BIGGIE - $10m diamond will do for starters - the quality diamond market is clearly strong - just check out recent record prices for recent top of the range items - Cheers - Rory -
Hi - yep - useful set of results if not too exciting at the time of release - but encouraging for future prospects - am I not correct in saying that the decline of the Rand actually favours PDL as it means they pay less out in wages to all the employees - perhaps someone can confirm this point !? - Cheers - Rory -
Hi - ok, so looking steady with another small tick up - beginning to regain my faith in this stock - good for the medium term you would think ! - GLA - Cheers - Rory -
Hi.....yes, after a period of drifting south this stock now seems to be on the up following the excellent refinancing news - huge 12p rise that day followed mostly by small but steady rises to 136p from a low of 122p - GLA.....Rory -
Hi - Great result re the massive pink diamond being sold in Hong Kong today....fetched a massive record breaking $71.2m - also, the sale was showing very strong prices for many other pieces of quality jewellry - can only be good news for diamond producers such as PDL !!! - GLA - Rory -
Hi.....ok, so an overall gain of 9.5p over the last couple of days - not bad at all - gives this stock a sound footing for the future - looking forward to some real gains in the near to medium term here - keep an eye open for the price the whopping pink diamond fetches on April 4th - anything near to the expected £48m will surely be helpful to the PDL SP....Cheers - Rory -
Hi - good - this is exactly what this stock needed to kick start it in the right direction once again - good news on the finances will certainly provide strong support for this very promising stock in the medium term - GLA - Rory - ....now going up and up since opening - always a good sign when not many sellers come in after a stock shoots up -
Hi - it will be interesting to see just exactly how much the massive pink diamond being sold on April 4th, realizes - they are suggesting close to £50,000,000...........just one similar diamond falling from the new seams at Petra and we are made ! - Cheers - GLA - Rory -
Hi Dubzy and Trend......thanks for that Dubzy - would seem to explain the 6.50p rise yesterday, though I was also disappointed with the lack of follow through today, though you could argue that we did maintain a 6.40p rise overall - really does need some exciting news flow, in my opinion, to really boost this stock - should fly as and when some juicy stuff tumbles out of the new seams - Cheers - Rory -=
OK - after grinning and bearing some rather puzzling drifting southwards for quite some time we have now had a big rise back north - this, at least, gives hope to those of us who are staying for the long term with this stock - just needs the new seams to reap a juicy big diamond and the SP could explode from there on - let's hope so - GLA - Rory,
Hi....still like this stock, though I find its gradual drift southwards to be disappointing and puzzling - they are now drilling in to new seams and apparantly producing better quality diamonds, from these new seams - was recently upgraded by brokers with some new target prices nearer the 200p mark - yesterdays big fall seemed to be the type of dramatic plunge that comes with a one off reason such as damage has been found to part of the machinery, or what ever !!??? .....anyone know the reason for the 11p drop on Thursday ? still - this really does look like a good buying in or topping up opportunity !! - Regards - Rory....
Hi - yes, I am a great fan of this stock especially now that they are beginning to mine into new seams following a large expansion programe...just needs them to land on a large juicy diamond and the SP shoots - GLA - Rory
yes, I am a big fan of this stock - will have its bad days, as seen yesterday, but overall it is looking pretty sound for the future - I believe they are now exploring new seams which could yield wonderful chunks of diamonds at a minutes notice - then whoooosh up the SP shoots - I believe the expenditure for all the expansion has now been allowed for and the bankers seem to be content - let's hope so.....should be a good ride for medium term investors ! - Good Luck....Rory....
...........and the record price raised for a single diamond, has just been followed, according to an article in the Daily Telegraph, of a record total of £171m being raised at some massive sale of Jewellry including many diamonds - things beginning to look much more promising for the diamond markets....GLA....Rory -
Hi All....You would have to think that the record price just raised for the huge blue diamond of £31m +, has to be encouraging for the diamond market - GLA....Rory -
Hi Grippa - yes, on the face of it, it does not look good but the markets seem to have shrugged it off very well - up a useful 3.25p by close - GLA - Rory -
Hi Grippa and All....yes, as I expected - a useful quick recovery once all the profit-takers were out - too obvious this was now looking cheap at around the 112p mark for it not to bounce back - hence buyers pile back in and we close 8p higher from bottom line.....day-traders would have had a good day !! - grippa - are you heavy on this one ? - I am well buried but no longer worried - got jittery at 55p just 4 months ago - then the banks confirm they are happy enough and this was followed by a strong BUY note from UBS which sent them flying - had just been recommended as a SELL by the Daily Telegraph when at 69p - just 25 days later it was over 100p - I wrote to them saying were they likely to apologise to any sellers - still awaiting their reply !! - GLA....Rory....
Hi All and Grippa....well, pretty much as I mentioned in previous posting....sounds pretty impressive but nothing better than expected - this improvement was already factored into the SP - a few niggles have now sent SP falling, but there seems no solid reason for this one not to quickly recover....hope so as I am buried in this one - just hope some more whopping pink diamonds are also buried within their mines - new seams coming on tap very soon - exciting times ahead - worth being patient in my book.....Cheers - Rory.....
Hi - yes and no !!.....the shares have risen in anticipation of a good update....they will now have to be somewhat better than the markets anticipate for them to continue upwards - anything other than better than expected update will cause SP to drift quite considerably.....Cheers - Rory...