Member Info for Givingthelowdown

The artcile doesnt tell us anything we dont know, its a toss of a coin and has been for weeks, admin lose your money, or forbearance from lender and enjoy multiple gains.....I paid 5p, theres no point me selling at 1p, may as well sell at 0p

my concern is the indices rallied without any bounce in oil, when indices turn down again so will oil, the whole world is in lockdown for at least another 2/3 weeks, so demand for oil is very weak, huge amounts of the stuff out there , not sure we will see 10 dollar brent but 20 dollar looks very likely IMO, im not invested in PMO but most of my posts have been on here as its a laugh a minute with all the comments, will PMO survive, with its debt burden oil needs to rally hard into late 40's/50's for this to move IMO....much better other investments out there IMO...GLA

Mine shutting is best thing for PDL right now, broker rating 5p should see this TItanic turn upwards, we live in hope

my thoughts too bigsmoke, flushing out the last sellers maybe for a cheap entry, surely unless you knew the inside goings on you wouldn't risk a short this low, a diamond find or update of refinancing and you would get absolutely trashed by the rebound, or they have inside knowledge of imminent admin announcement, both illegal insider trading, so they should be reported....

anyone else think its odd to add to a short when price is 1p ???

Lenders seem to be in the mood to give money away at the moment, i just got a bank overdraft online in 2 mins by clicking a few buttons, it was too easy, with all the money printing going on and helicopter payments to USA citizens being discussed , i think the banks are counting on hyperinflation to get themselves out of this quagmire, lets hope this is the mentality with PDL lenders !!!

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GEMD/14467884.html

this one, this one, this one

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/VGG379591065GBGBXSSMM.html?lang=en

Still producing, still selling, SP a joke

Anyone else think oil price reboot will happen in next 24 hours? Maybe Saudis or Russia will cave in , i doubt either expected 27 dollar Brent this quickly and now everyone is in lockdown , the dire reality of the situation may have dawned on the idiots, we can but hope

Im still in, I bought at 5.80, still believe, I put myself in the lenders shoes, yes PDL need more assistance beyond whats agreed, however diamond market has been in recession for a few years now, and when markets go haywire investors turn to diamonds as a safe haven , so Im confident this is bottom of its cycle, so im taking the punt that lenders will waive a couple of payments, which in turn will underpin PDL, just such an announcement will get us to 7/8p in no time... then the lenders can thrash out new terms with PDL , makes no sense for enders to foreclose and sell mine at bottom of the market

Holeefook, the fall is just corona led, cancelled auctions, so they will need to burn through a bit of cash, not a problem, plenty of slack on the debt front , one thing for sure is that investors will be spooked by the stock market flash crash and I imagine many more buyers at diamond auctions in the coming months...:0)

CD. wheres your buy in price?, assuming you are a private investor and not part of the establishment

Lets be clear, what we are seeing is the biggest heist in stock market history, not just diamond shares, but right across the board,

https://www.diamonds.net/News/NewsItem.aspx?ArticleID=64814&ArticleTitle=Gem%2bDiamonds%2bRetrieves%2bAnother%2bFive%2bBig%2bStones

The exceptional 183 carat diamond will buffer the coffers through this turbulent time, being auctioned this month I believe, this corona situ is a flash crash IMO

http://www.idexonline.com/diamond_prices_index

You sure about taking on debt? Diamonds still selling for same amount as they were on Sunday, no crash in diamond market this week, as was already hovering around lows before the FTSE meltdown

debt down, revenue up in 2nd half of 2019, last quarter was a good report, 4 big diamond finds in past few weeks, i cant see anything wrong with the company, cash will fluctuate it does with all businesses, most important is they are paying off debt which isnt very high anyway at £10m, facility is upto £79m, well run machine IMO

Nothing new in update, most of it is old news 1st half of 2019 was bad, 2nd half was above expectations, we know this from qtrly updates, so SP has tanked 30% in just a few weeks, seems totally overdone, so im getting back in....:0)))))

Im getting dizzy with this rise, 3p and holding!

Saudis have been planning this all along, no coincidence they offloaded Aramco before all this, that sale filled their coffers, now they have enough fat on the goose to keep oil 20 dollars through 2nd half of 2020 and throughout 2021 , to starve everyone else out, I wouldnt be surprised if Trump goes to war on them now to seize their oil, cos otherwise the dollar will be used as a substitute for bog roll