Member Info for jax05

Double sells than buys today but SP is rising. Tends to back off later in the day - lets hope it holds - this is good base territory. I'm wanting to top up but not sure when?

Well said. It's good to hear from someone who shares their non-expert views - which is all I am doing.

Diamondguru I said nothing factual- just my opinion!

Thanks for the post - very interesting read. Petra does seem geared up for a good future, coupled with a diamond recovery could see this share price rocket. Lucky for those that got in in the 50s and still hold.

The lenders said it all really - if they do not require figures in support of the debt then at this point in time what more do you need to invest?

Of course the numbers were rough. You can't not factor in another find which is why I did with the 10m pink stone - they're mining new areas. Thought their YE was June? To be honest I don't mind a fall so I can add again - as long as it's only temporary!

As I read the report, the improved mix has already had an impact on the price for the 1st two tenders, or at least, the second one. Even assuming the next tenders in FY 2016 raise the equivalent of US$86m circa, then turnover for the year will be US$327m. If there is a saving in forex on costs of 15%, this will reduce them to US$268 giving profit of US$59m (2015 y/e US$90m circa). I note that there are 4 tenders in H2 but assume they will contain roughly the same quantity of diamonds as H1. I am trying to put this puzzle together and all views appreciated. GLA My quick calcs give US 375m revenue FY2016. This is using results of first 2 tenders 2016 and total carats sold FY2015 ( 154m / 1,302k carats) x 3,168k carats = 375m. 425m revenue FY2015. 12% lower revenue than FY2015 but mitigated by reduction in costs due to forex. Say 15% reduction in costs (340 x 0.85) = 286m Profits before tax therefore 86m Profits FY2015 85m. All rough though

Well done 67p is a good average - I'm at 71p want to get below 70p just for physiological purposes.

I agree about revenue. We're all hopeful SP had already been adjusted to account for this seen as this news was in the public domain some time ago.

Isn't the next tender going to include a better mix of dianonds?

December tender update this morning

Doesn't a weaker Rand just lower production costs in US Dollar terms? The benefit is selling diamonds in US currency, exchanging that US currency to Rand at a good rate due to weak Rand and paying costs out of that.

When's the results due for the December tender? First one of the FY 2016 I believe.

Why the fall today?

http://www.diamondintelligence.com/magazine/magazine.aspx?id=13889

Great start bit of a poo finish - a largish sell at the end relative to today's trading. May push to sp lower first thing Monday.

Would the 250 status materially affect the SP? I see Petra will be relegated to small caps.

PA - cheers for the advice. I've just started trading and as you can image I'm keen - that'll settle in time I'm sure. I'm no day trader - I already have a 9-5 - this is something to make a few £ for me - though I've started off on the back foot with losses. My book values look far healthier since Petra took off this week bearing in mind I average 71on this stock. All the best.

Bit of a downward trend here.

Can there be a third day of rise?