Member Info for Givingthelowdown

I did....

Surely if it were being milked as you say the debt would be up to the £70m facility not around £10m, liike PDL (Petra Diamonds) now thats a company thats been milked dry with eye watering debt of £590m, how did they spend all that????

Revenue up, debt down, what is not to like

not surprised by update, too much debt, even the big blue diamond sale failed to help with debt reduction, I might buy back in in about 12 months if the company is still operational, as for GEMD that looks much healthier to me, no debt issues, just renewed 10 year lease , I Think expecting a pullback to mid fifties is a little optimistic, the coronavirus has claimed 80 people, mostly the old and infirm, hardly the demographic for diamond purchasers....

I don't like the words 'rights issue component', i agree with SK ,wrong move at this time, not while debt is £2bn, it just undoes all the good work of the past 2 years, worldwide recession and this SP is in the doghouse again, shouldve built up a bigger cushion before going shopping, this is what I learnt playing monopoly

I think your synopsis is bang on the money apart from the 'great wealth' part, personally I think he is bankrupt and up in his neck in it, only got the gig as president to stave off Putins dogs.

The last update in October contained 2 very promising news items, both due anyday

Business Transformation:
The targeted US$ 100 million in incremental revenue, productivity improvements and cost savings over the 4-year period to end 2021 is on track to be delivered and is expected to deliver US$ 50 million by the end of 2019.
Ghaghoo
The sale process, which is subject to regulatory approvals in Botswana, is ongoing with finalisation expected before 31 December 2019. Subsequent to Period end, the application to transfer the mining lease to the purchasers has been filed with the Department of Mines.

Xmas Eve, no volume, more sideways action ,next week will find direction

@ Trninty20....Such an exciting share, so exciting that i'm not invested in it...HAHA

I think anyone who tries what you are suggesting will get fingers very burnt

'Last week, the company released data that showed demand for diamond jewelry rose 2.4% last year, while the crucial U.S. market, where almost half of all diamonds are sold, increased 4.5%.'

Anglo American Plc, which owns De Beers, closed up 1.8% at 2,080 pence in London on Monday.

Terrible news indeed

Nice bullish candle on monthly chart is 99.9% likely , tis the season to buy diamonds

looks like last weeks sellers will now be chasing the price, very bullish IMO

Bit of a non -story this , IMO

Still top of leaderboard, lots of PI pin money getting thrown at this today, keep it up PDL

Agreed DBNO

GEMD is tanking and has been for last few days, UPDATE on that one on 4th Nov, the fact PDL is holding its own in comparison is reassuring, when GEMD hits bottom and starts rallying back up I'm sure this will fly to next level just a question of waiting it out, volume will come back , just standoff right now, would be buyers waiting for holders to lose their nerve,.

slowly slowly catch a monkey DBNO......will we see 7.8 today?

Marshall Wace have reduced their short position...

https://shorttracker.co.uk/company/BMG702781094/

look at any article about diamonds JULY-SEPT and it looks horrible, look at todays DIamond market and there reasons to be cheerful, - double bottom and reversal for starters!

http://www.idexonline.com/diamond_prices_index

Surely this is the best time to buy?