Member Info for Givingthelowdown

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

https://www.miningmx.com/top-story/38815-petra-shares-oversold-says-bank-on-evidence-uk-diamond-producer-can-grow-cash-balance/

I see the Goldman one now on other link......apologies

....according to hargreaves lansdown was yesterday (bank of america merill lynch) ...reiterates....no target

RE : - GS ...This article is very old as it state within article that share price is currently 150p...fake news

Well they got burnt then didn’t they , price has gone up 12% since yesterday , I hope for their sakes they had a stop loss

They need to be uprooting these gems faster, I am tempted to take week off work and spend sometime at the mine myself with my garden spade

Surely ...if Mcap is 73m and diamond worth 22m then this adds 30% to SP

PDL are paying debts with plenty of cash to spare, if i'm paying my mortgage payments then the bank wont repossess my house so talk of 'forcing admin' is irresponsible as well as irrational, only hurdle is the refinancing that will be required next year, and this is whats holding the share back from 40p again. But what underpins PDL are its assets, assets that dwarf the debt, the companies that typically go bust are the service / retail industries Carillion, Debenhams, AA next probably, where there is no asset base, so i'm not concerned, the price has just got realistically cheap but when you look at PDL chart its been ridiculously cheap before , went down to 12p on one occasion from 100 + then bounced right up to 100+ again, in reality PDL is a traders dream because of the huge volatility, from a technical analysis viewpoint its SCREAMING buy me , also at this level of market cap, its SCREAMING takeover from one of the big boys and I wouldn't be surprised if a rumour services in the next week or so regarding this possibility, I expect this to get very interesting in the next week or two and i'm glad i have a position.

We got one of those this week, diamond price index has broken out to the upside

PDL Gods be kind to us today, I guess most pi's have been battered into near term extension by this share, how many of us survivors are here to fight another day?

yeh I guessed, funny cos I was thinking same song earlier,,,lol

What part of £70m free cashflow and £45m tax rebate don't you understand Leem1 ?