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My Personal opinion is that Petra will go Private for peanuts !!
Will this dog hit a quid next year probably yes ???
Nothing will move this share at the moment. Sentiment needs to change for Diamond shares ASAP before prices stop rising.
Because when they do the market will hammer this for sure .
The market is only in working in one direction and that is down.
The US market is so over inflated its a joke. The inevitable crash is around the corner or some sort of cyber pandemic??
Another RNS that puts Petra in red !! At least their consistent on that front.
16% free carry?? What is that all about obviously no advantage to shareholders again.
This is becoming a joke of a company now onwards and downwards.
DAR ES SALAAM, Dec 13 (Reuters) - Petra Diamonds
will grant the government of Tanzania a 16% free carried
interest in its subsidiary Williamson Diamonds Limited, CEO
Richard Duffy said at a signing ceremony in Dar Es Salaam on
Monday.
The move will bring Petra into line with Tanzania's mining
legislation which sees the government granted a 16% free carried
interest in all major mines in the country. Williamson is
Tanzania's only major diamond mine.
Petra Diamonds and the government of Tanzania will each give
up a proportionate amount of their current stakes to grant the
16% free carried interest. Petra's stake will thus reduce from
75% to 63%, with Tanzania's stake increasing from 25% to 37%,
Duffy said.
(Reporting by Nuzulack Dausen in Dar Es Salaam, Writing by
Helen Reid and Louise Heavens)
Petra strives to conduct all operations according to the highest ethical standards and only operates in countries which are members of the Kimberley Process. The Company aims to generate tangible value for each of its stakeholders.
Seriously??
Zero upside basically untill these bondholders are gone !!
Who is going to wait 5 years for this to double certainly not me so many things will go wrong with this fukked up world by then .
25th Variant and boosters every 3 months by then Ftse either 9000 or 4000 aswell place your bets ??
The share price speaks volumes do I need to say anymore ??
Stock markets at all time highs and this is heading at all time lows in a rising diamond market .
Maybe Greta could say she likes diamond earrings and then it probably would fly.
That's the fuxxed wotld we live in .