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Anyone get some? I am so sad Dcp has gotten to this point. I'm still long, this is a great asset and it's not like iron ore, oversupply is not the problem....!
In IG - ask at 2.2
All the bad news priced in - strong retail in US and reduction in supply is going to shore up demand and the projected cash flow and fresh kimberlite up to 2019 can't be ignored
was historical - I think if we can break 88 the range will be up to 110
sell off has mostly happened now. I think 2016 will be slightly better for commodities and am now long here. There is more speculative upside - debt aside valuation is almost right for debeers alone. I think the RNS is encouraging as there is no talk of a equity raise.
Statistically petra pulls fancy and big stones out regularly which offsets a fairly average ROM CPHT grade and value - they have scale and finances. I have read the covenants in discussion do not form all of the debt held, which seems likely since debt has doubled almost - recently. Anyway a few big ish fancy stones will dramatically increase cash and as we continue to break into virgin kimberlite these finds seem increasingly likely. Plenty of value here and I am buying as much as I can. As for a bottom - I'm not saying this is it or it could be close but diamonds aren't like other commodities which have been beaten to death lately..
Is also about capital and liquidity in the diamond market - banks that did lend to diamond brokers have stopped, putting pressure on the Middle men who keep the trade flowing. Demand is also off and the worry is China slowdown could drive demand lower. PDL solid buy at these levels as the above are short term issues, I do believe
12.9 p - think they meant 129p!!
Petra Diamonds Limited with EPIC/TICKER LON:PDL had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Northland Capital. Petra Diamonds Limited are listed in the Basic Materials sector within International Main Market. Northland Capital have set their target price at 12.9 GBX on its stock. This now indicates the analyst believes there is a potential downside of 88.7% from today’s opening price of 114.6 GBX. Over the last 30 and 90 trading days the company share price has decreased 29.2 points and decreased 55.4 points respectively
lots of selling on rumour - I'll buy on fact. although next support is 88p lol but really this is cheap as this has been for 5 years....but now for 100% in 12 months?
5.8
is quoting 5.2 for march 2016 - so its not up 9%.
with a spreadbet at the moment but I would think a 3-6 month time span on it to be safe
its not been there in 5 years - personally I'm hoping for a bounce from here...but this 750 mark is a big support level I'm thinking..
That was a convincing presentation BUT do we know the confidence levels of working the kimberlite at scale withour destroying stones? I suspect its an old issue that we may think is resolved...but is it? Also are we ripe for consolidation at 750m shares in issue prior to equity raising? I believe so...I think currently the £20 million valuation is a fair one given the scale of the funding to be completed, any buys now are for the bottom draw to average up (or down on!!) in the next 2 years. The asset is a good one, no doubt without the risks and expens eof underground mining and this weighs heavily in its favor, in my mind.
Hi all, Does anyone use or know someone who has subscribed to faraday research? If so I'd be grateful for any information. Regards LukeC
at 55,000oz @ 1450 is $79,000,000ish - okay costs are high - say 1150oz still leaves $16m profit for the year, this is no dead duck, just requires more and more patience - if there are gains to be made elswhere then so be it but this share really has serious upside to it at these levels - the exploration could likely reveal an open pit resource and the power station is no bad thing. I'm dissaponited but I can wait - as long as gold stay above $1250 this is still a good gold play.
This time next year......
something iii board about it - hopefully we've seen the bottom!
But in all honesty VGM have done nothing wrong - they've been quite open about these forecasts and have acutally done well to achieve their underground development on time. I'm staying in and buying more - nothing has chnaged here except long term things should be better woth exploration upside too. should be a dream share?? gold in situ value of 4billion before costs...