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Thank you all, so it was an automated trade we think, at 7.76, this would suggest we get some upside this afternoon , no?
What does that mean DBNO, what is an uncrossed trade?, I looked up the definition but that was just confusing, is it people buying outside trading hours? IS it ii's buying, as an old mate, i'm eternally grateful if you can solve this mystery, thanks
https://mobile.twitter.com/Liamcossie/status/1186248680782872577/photo/1
Now- Xmas Is diamond buying season.
'Net debt as at 30 September totalled $592.8m (£456.57m), widening from $564.8m year-on-year, with the board putting the increase down to the single tender in the first quarter, taking into account an increase in diamond inventories valued at $92.4m at period end, compared to $57.5m a year earlier'. So basically we have 35m dollars more waiting to be sold than we did 12 months ago so net debt is actually 557m dollars in real terms..
We knew that the summer was bad, diamond index has been telling us that, hence where we are Regarding the sp, also only the 1 tender in the qtr skews the figures somewhat, when in reality it's this quirk in the calendar that has led to 23% drop - nothing else , on the plus side production is on target, I'm assuming qtr 2 will give us that extra Tender that we missed in Q1, what with this + rare blue diamond sale + higher diamond prices Q2 should be a very good read indeed..
Rookie error DBNO......
Happy with baby steps , but 8.6 by close would be icing on da cake , btw I don’t see it staying at these levels for very long so very risky trading it ...imo
8.6 will do fine
All the negative news is firmly priced in IMO, the market nows the summer months were crap, thats why we are at 7p.
Squad , i call BS sir, low was 48p
https://www.investing.com/equities/bluerock-chart
This was posted on petra website yesterday, i guess all this info is already priced in , hence no reaction to sp.
https://www.petradiamonds.com/wp-content/uploads/Petra-Diamonds-Limited-Annual-Report-and-Accounts-2019.pdf
its a made-up statistic, the ones that fail have no asset base and huge debt which is a recipe for disaster, the mining sector is full of companies that have lost 90% and recovered Anglo American ,Kaz Minerals, Glencore , have all done this a nd bounced strongly of their lows, and Petra has already done it once before
Colonel, you nail it every time,
Got a suspicion that duffy will buy some shares or we have of a takeover, 11p monday anybody? CMon Duffy make a few quid....hehehehe
Yep ,looking very strong for next week, brokers and all market commentators are purely there to mug off the little guy, the private investor, this is why i use technical analysis, pay not attention to the noise.
I concur DBNO....The train is leaving the station very soon, why risk being out?
What planet you on BIBU, planet BIBU by sounds of it, how can you say shorters are in control when price has gone up 26% in just 3 sessions
They aren't going to make life that easy for us , are they? the BUY rating is a big bonus, we were not expecting today
I see the Goldman one now on other link......apologies