Member Info for JTS13

Remember that Ganfeng have explicitly stated aim to materially advance Sonora project in their most recent report.... see link posted by another fella on here a week or so back
Will happen, only patience needed

https://www.diamonds.net/News/NewsItem.aspx?ArticleID=64248&ArticleTitle=Petra%2BBlue%2BDiamond%2BCould%2BFetch%2B%252415M%2B%25e2%2580%2593%2BAnalysts

Shore Capital Analyst gives comment here. Notice that they released new broker note on PDL today, although haven't made public their price predictions.
Berenberg also give a comment. Ironically rather bullish statement from them, even though they're forecasting sale at the lower price range of $10-15mill.... They keep this up and they might soon revise their advice from HOLD to BUY

Rarely care for analysts comments tbh, but I do find Berenbergs recent change of tone as symbolic that we're very close to re-rate

Think the wording hacks off a lot of people. e.g. "Construction of the T2 phase at the La Parrilla mine completed, which has been delivered within budget, including contingency". If taken to mean the material expenses were completed on budget, then likely, yes. However, including the currency loss of around 15% (wiping out the contingency) and then the significant delay, equating to 6months or so of salaries to be paid for. This is clearly NOT on budget in the regular usage of the word

How is it that COGS & revenues perfectly align? I don't quite get that

Seems to me that this has potential to stay low through to early next year, when tungsten price increases, production increases and a good quarterly update can put investors concerns to rest. 0.35p should hold out pretty well, so can't see further immediate downside now that commissioning is finally confirmed

Agreed with first 2 comments. Re: "know what to do" should 6.92 break, that's an individuals call and completely situational. For example, given context of this share, limited further ability to drop AND fact that squeeze could result in quick rise, selling off now for anyone who's not in immediate need of cash is arguably an emotional sale. Such people shouldn't be in shares like this to begin with.
Personally disagree with the takeover comparisons as this ignores asset value, which is a key component of value based investing that attracts several on here.

Back to your reference to 6.92p though. This is a big point though. We've just softly bounced off it again, last time was on 17th. Should that break, then we can all expect another 15% or so drop. Quite a bit on a regular share. However, as mentioned above, has to be put in comparison with risk/reward. I consider it quite worth it personally, but that's my decision.
Let's see how things play out over coming week aye?

FYI: Nobody else noticed that Lucara Diamonds is up around 3% (ie. 10mill) after finding a 9ct blue diamond today?
Remember, PDLs was over double the size and not only is our mcap tiny, but we have dropped about 15% since stating our find... tick tock on re-rate coming
How low we gotta go for these guys to clear off. 6.6p?

Agreed that debt reduction is the key. However, PDLs communication strategy is very different from PMOs. i.e. PDL is providing worst case scenario, so anticipate results to be better. For example, they didn't even have a slide on their huge discovery this week. That should of been slammed home! Whereas PMO suffered severely from giving targets that they then didn't achieve.
Given PDLs comm approach, stating debt reduction targets that align with their stated performance targets (which they've also publicly stated are quite below their internal targets) might not be as attractive a communique as we may believe. Especially given that Project 2022 has majority of fcf geared towards latter 2 years. Implies a minimal debt response during next 12 months without sale of unforeseen large diamond finds, such as this past week.

Looking at the trades, it does seem that there is at least one other non-disclosed II selling off. Consistent daily blocks of 300-600k at a time. Obv a few PIs would hold that many, but can't see many PIs being daft enough to sell off one after another at all time lows - especially after recent news.
A UK one could hold around 25mill shares without needing to disclose. Oddly similar to the UT trade at close last Friday. There may be another one dripping off now.
Only conjecture, but with mcap having dropped below the mighty 100m, could of triggered sell offs from a couple of IIs, and our shorter gang may each have agreements with them to help the offloading. The shorting was still going strong as we broke down into the 6s. Given both Winton & Marshall have upped their shorts since then, there's conviction from them... they obviously know something we all dont, and such a hidden agreement may well be it
We've a small resistance around 7.3, then back down to 6.9 we go... just gotta trust that whoever sold off on that 20-30% rise the other week will come back and lift this up again

Haha, i remember you once saying something along the lines of a little company would be nice as almost nobody else was posting... that was just around time of blackrock bailing.
Oh how i'd take the former lows of 17p right now!

Just over a month ago, this board was occupied by Bigsmoke, with the occasional post from others like the good Colonel. These days it has a range of posters, with dozens more appearing now and again. Also got a few shorters making their show... All a good sign that this share is being followed and is on count down.
Was being conservative before, but given lackluster response to massive diamond find, if this finds way down to 7p again I'll be topping up a few more also. Doubt this'll touch new lows, not with a lot of traders watching this ready to poor in a few hundred k between them once it gets near the last lows

These shorters are mighty persistent. Credit to them for that. I'd of scared big time by that rise the other day and trying to figure out how to get out...
Goes to show that the smallest bit of positive news could have major impact on SP. Hopefully we'll get more of a push at the JP conference next week.

Fair play @BTFATH, double digit returns within 48 is nothing to be sniffed at. Did that myself yesterday with SXX

Have almost sold out of oil plays and will watch from distance for short term. Trump's bound to put further downward pressure on oil prices sooner or later given its a key point in his forward political campaigning, but all the best with ENQ

Nice to have seen some action on PDL. GSA buying back remainder of their short? 2 more to go!

Whilst can get exciting, always good when rises are in moderation of 5-10%. Helps keep the share more stable on the way back up and reduce risk of gapping. It's gaps which attract the herd, and then they sell out so quickly on emotional movements which only serves whatever remaining shorter is there. We need a nice stable rise over the next month. Would be nice to bring this back to break-even again in somewhat near term

No major comment to impress within the financial report. Perhaps cause they not wanting to fill it with short term references to share price? Who knows. But expected more of a confidence message, like the last one. Hopefully that will be given during investor ppt
Some big sells going through this morning. SP has done well to hold for now, but wonder for how long.

Not surprised by the raise. As mentioned, my key takeaway from most recent update was that cashflows were low.
However, the raising at 30% to recent share price is how business should really be done. I was mightily ticked off when Milton went through at discount and always thought there should of been a 5% premium or so. I forget the name of the Director who's got all the connections with the Spanish community (in an RNS a year or 2 back), but he's clearly done it properly.
Good job to WRES & MM... Just annoyed that it's come "after " was forced to sell over 4mill. Doesn't look like my buy back in 3 weeks will be at these low prices

40 years!?!?
OK, let's take this IEA statement to the next level. Dollartimes.com puts 1981 (40 years!) $ value at $2.91 in todays terms. So adjusting for inflation, should oil price be hiked to $175?
Unsure, cause if supply really was at 40 year value, oil price would likely be over $500. Absurd!

About mentioning sale of large stones. There has already been one stated and it's born no value in the SP...: "Post Period end a 132 carat D colour Type II gem quality stone was recovered from the Cullinan Mine." I would expect a sentence in the report to comment on sales value of this as it'll be for playing down debt.
Not huge, but still nice to have. And this is one that we already know exists. Who knows what else has been found this past 6-7wks

Was out of country for over 6months when Brexit happened so couldnt vote. Left me kinda neutral to it. Was quite surprised when it happened, however no-deal was always the default of Brexit vote. The vote was to leave in order to negotiate other deals. ie. Leave first, then negotiate. And frankly, it's the only way to negotiate as equals.
The Yellowhammer report makes it abundantly clear negotiations will not start properly until after Brexit. e.g. Why are peoples futures being used as leverage? UK has offered continuity to EU citizens in UK, EU should reciprocate. This must be an absolute baseline

Re: doc though, people will see what their perspectives want them to see. Remainers see due diligence for worst case scenarios as inevitable occurances. Brexiteers will see something else.

This however is WRES board. Uncertainty is pushing down pound and this will increase debt once converted to Stirling. Equally, op' costs and revs are non-pound, so once we turn profitable this will all be positive
Either eay, we are at new year lows today. I may even get yo buy my forced sold stock back and save a few bob

I note that neither of our "recently appointed Brokers" (as at May 19) have provided any comment on PDL. BMO has been non-existent since July 2018, and Barcleys is the only one who seems to make any comment.... I shall be writing to investor relations to inquire about this. Wouldn't it be great if the pending update said that we'd sold off that last big find to pay down debt, made agreement for recovery of our lost diamonds (even 40mill would do, that's still half our mcap!), and then we had brokers notes from all 4 brokers + Goldman within a fortnight of the update... If I were investor relations, would certainly be pushing for all this (tho the lost diamonds are out of hands)

@Leem, look at the further right column. There are letters O and A. If you hover your mouse over the letter it will tell you O = ordinary, A = automatic.
Given so many A's being present, it's quite apparent that the Algo's are still around

Somewhat contradictory message... they cut from buy to neutral, but have a 375% SP forecast at 30p

Obv they're dismissing what Berenberg said, but are maybe viewing it too volatile at the moment to suggest everyone join in.

@DC, refer to Moody's press releases and you will see comments on the debt stability. You could also do a calculation and see that we are clearly within the agreed covenants range