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More news this morning. Making further investment is another sign of confidence. The company is confident, the lenders are confident, and so I am confident that this ought to rerate further. It's still at a very low price historically. We'll see...

From LSE Finance News: "RBC Capital Markets said: "While we caution against attributing value to fancy colours, we would estimate a price of +$100,000 a carat based on the sale in Q3 calendar 2014 of a 16.4 carat stone for $2.2m ($134,000/ct)." It said that suggests Petra could realise $2.3m-$3m." But the key point for me is that it is a reminder of the potential.

We're in the pink! This is part of the fun of investing in this sector (need some fun after the share price of late!)

Now now. It's all about value and perception of value. If a company buys a business worth 100 and issues 100 worth of shares for that business, then no dilution, I agree - the value per share is the same. If the buyer over-pays, which is more tempting when using shares to pay, then there is dilution. I remain cautiously optimistic, but until we get that RNS it is speculation; there is no certainty. That is not to say the management isn't working away at closing a deal now - but we don't know and we will have to wait and see.

Lots of companies may look good, but it's not just about flashing the cash pile. Sellers may look for CSI shares for their shares, especially in a growth company context, and before you know it there is dilution for CSI holders. It's just a question of waiting and seeing. I remain cautiously optimistic, but the end of December will come around very quickly and by then, one way or the other, we should know more.

I don't see a benefit in selling before we have news either that there is a deal or that there is a return of capital. The share price seems to be fixed around the cash in hand value. The only downside I can see is that if there is a return of capital, that might trigger a sell by those who'd been hoping for the upside of a deal. If that happens then I suppose even more patience is required, to sit it out for a full return of capital over time (assuming that the one announced by the end of December will be a partial return rather than a full payout). As others have said, if there isn't a deal on the table by now, then I can't see it happening before the end of December. The stars seemed to be aligned for a deal, but we are not the only outfit looking for acquisitions and we'll want to pay the right price, so there's simply no certainty. Harrumph.

Normal service seems to have resumed. These are chunky drops (and I'm not talking about the diamonds).

The board needs to reassure investors, if indeed it can, otherwise they will draw their own conclusions and run for the hills.

I think the price fall is largely to do with concern over debt covenants. It would be good if the company could allay the concerns. It feels worryingly POG-like at the moment, where every top-up is gobbled up in the downward spiral. Good luck all.

Still a ten per cent discount to the indicative deal price, to reflect uncertainty and the delay to receiving proceeds, which begs the question whether to top up and treat as a high interest savings account...

One of those little catherine wheel fireworks going off now! This show of confidence all bodes well!

"In the absence of identifying one or more suitable investment opportunities, we anticipate bringing a proposal to shareholders for an initial distribution before the end of December 2015". Getting an "initial" distribution based on a smidge more than current share price in December (assuming no increased liabilities between now and then) is not the best return in the world, but it's news before December that I'm looking for! I was encouraged by the Board confirming that "We continue to evaluate acquisition targets", which, whilst bland, supports an active and ongoing process. I'd be pleased with a combination of a substantial new investment and a return of some capital to help with Christmas! Agreed - not long to wait now!

Yes, but the current price reflects a discount for uncertainty. If an offer does not materialise then the price is likely to fall sharply, so buying now carries a risk. It is a guess as to whether an offer will be made and if so at what level (although one would expect higher than today's price!) and whether there will be a counter bid from another prospective buyer to push the price up. So, it's a good old fashioned punt to decide which way to jump, based on an assessment of the upside versus the downside risk.

This share is well poised, and it looks as if there is likely to be something positive in the not too distant future, but for now it is a punt, no more but also no less. As a holder since the cupid calamity, I'm happy to wait and see. I expect either an income producing investment by the company, in which case a nice boost to the price, or a return of capital. Let's see which!

A respectable set of results. Broadly going in the right direction. I'd expected more reaction in the price today. Nonetheless the company is well placed for the future.

Today's London Evening Standard reports that the Government does not have any current plans to impose a tax on sugar in drinks.

Turnover based lease rents may improve if Sunday trading is expanded as now permitted following the Budget