The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Oh and incase you did not get it Diamond Market � While the diamond market experienced weakness from July to October 2017, which is seasonally the slowest time for the rough diamond market, it started to strengthen before the calendar year end further to positive momentum around the festive selling season. Initial results relating to Christmas sales are generally positive, further to buoyant sales in the US and continued strong growth in the Chinese and Hong Kong markets. Further to expectations of equilibrium in supply versus demand, Petra expects market conditions to remain stable in H2 FY 2018 (January to June 2018).
Perhaps you should rad the RNS's before spouting off Diamond Market � While the diamond market experienced weakness from July to October 2017, which is seasonally the slowest time for the rough diamond market, it started to strengthen before the calendar year end further to positive momentum around the festive selling season. Initial results relating to Christmas sales are generally positive, further to buoyant sales in the US and continued strong growth in the Chinese and Hong Kong markets. Further to expectations of equilibrium in supply versus demand, Petra expects market conditions to remain stable in H2 FY 2018 (January to June 2018).
Check this operation out. Amazing. And be sure to look at the world record stones they've found. Impressive stuff. https://www.petradiamonds.com/wp-content/uploads/Cullinan-Site-Visit-Presentation-2-February-2018.pdf
Have you actually read this? https://www.petradiamonds.com/wp-content/uploads/18-01-29-Supporting-Williamson-documentation-FINAL.pdf I think anyone investing here should read it. Our package is being held whilst they investigate workers from their own government working on Diamond shipments. This is nothing whatsoever to do with Petra and the parcel should legally be returned in due course. I can't fathom what you were moaning about Diamondguru.
Sorry to disappoint but Ive been around these boads for a good 10 years. I see the same sh ite spouted year after year. Blame the Ceo. Get the CEO out. Blah blah. People seem to forget this is AIM and not the footsie so forgive me for being rude, but I will shout down who I like and call out anyone who starts bibbling on a forum calling for a CEO's head. If you dont like them, sell up. Amazing how many 'experts' sit at home in front of their pc's claiming to know better. Be quiet. And, as you said, withholding diamonds for no reason.... is that the CEO's fault too? This is a good company. Great resource. I for one believe things will come good, really good.
Average of 82p. Now I see why you are peeved. You cant ime it right everytime fella but a bit of patience and you should see your return. If you cant handle the loss just take it onthe chin and move on, but dont come on here calling for the CEO to go just becasue your sat on a loss today.
Well said. Why are people always looking for a negative
Share prices go up and down fella. It dropped 20% the other day on nothing really. What do you want them to do? I see positives in the latest RNS. Going for larger high grade diamonds etc. Looking to cut Capex Please tell us how you would improve things. OR you could go invest in a mining company that is forever scoping... as most miners do on AIM, whilst increasing the number of shares in allocation. Cant see that here. They have a resource. They have an income. Patience.
Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in five producing operations: three underground mines in South Africa (Finsch, Cullinan and Koffiefontein), the Kimberley Ekapa Mining joint venture (including the Kimberley Underground mine and extensive tailings retreatment operations) and one open pit mine in Tanzania (Williamson). It also maintains an exploration programme in Botswana and South Africa. Petra has a core objective to steadily increase annual production to 5.0 - 5.3 million from FY 2019 onwards. The Group has a significant resource base in excess of 300 million carats.