Member Info for jax05

one could've predicted the last two trading days.

I agree jnash - better bargains or at least equal prices can be found almost anywhere now. Some of their premium brand food stuffs are just not bargains at all. Things are changing in the stores - item prices are varying which might work. I seriously got in at the wrong time 281p that's laughable but it's only a small investment so will just ride the storm.

http://uk.advfn.com/stock-market/USOTC/NGLOY/share-news/Anglo-Americans-De-Beers-Sees-Improved-Diamond-Sal/70128789

http://www.mineweb.com/news/diamonds-and-gems/petra-diamonds-h1-revenue-falls-28/

Yes I see that type of sale - why is that I wonder. Could either be limiting the risk of the purchaser thus sweatening the sale of said rough diamond. Or that Petra want their name in lights (to some degree) when the polished diamond goes to market - good PR etc. Probably the latter...

Yes definitely a longer term play here it seems, though diamond shares are volatile so you never know and unless the mother of all stones is discovered I'll be here for a bit. The larger finds still hold good value which is pretty much an instant cash reward - cash is king - thus boosting SP. It's certainly not a quiet market to be in and it doesn't take long to shift in value either way.

Let's hope for a good trading update. I got back in here at 87p the other week when sentiment was good and the sp reached near £1 at a spike. I thought the sp would comfortably hit £1 between then and now - how wrong was I - since then it's steadily fallen to where it is now! I still think this belongs in the £1 realms just on the future prospect of the company with new areas of their mines churning up better quality diamonds, the weakness of the rand offsetting the weaker diamond prices, the capital investment and the JV acquisition of the former De Beers mine which is forecast to be profitable in the first year alone. Good luck all.

Anyone still invested here long term - gone a bit quiet of late. With the trading update just around the corner does anyone share views of the outcome in particular the outlook for HY2?

relentless

Huh!

Market didn't like the Barclays review although Petra was spared a revised downgrade which is positive - shame the SP reacted negatively.

Should be an interesting update on 25th. Quite from the last tender: · As noted in previous announcements, product mix can vary significantly from tender to tender, but Petra has guided for an improved product mix in FY 2016 due to the shift from the old diluted mining blocks at its underground mines in South Africa to the new undiluted mining blocks, as well as a lesser reliance on production from the Group's lower value tailings resources. The first significant input of undiluted ore is on track to contribute to the Group's production profile from H2 FY 2016 (1 January to 30 June 2016) onwards. There are 4 tenders this half of the FY.

Glad I've made you feel better! Any disappointing news and this SP is taking a nose dive.

I'm at 280 average - oh well....

Belated Xmas wishes to all. Any thoughts on where the SP is going leading up to the Jan figures? I'd like to dive back in however if I get in now I'd be averaging SP 10% higher than what I was before I got out. 82p buy in would level it. Could just take the hit and put it down to experience. Oh the dilemma.

You're right - had I sat still I'd be up more but I'm no trader - still happy with the return.

Quick in and out 5p - now dropping.

I bottled it and got out at 77.5 - missed a 10% rise. Probably get back in on a fall.

What was that last trade all about?

There's some sort of update in Jan from Petra - might wait until then. I've always considered selling then buying but that's a risky game and you need to be on it all the time. I can't as work gets in the way....