Member Info for MrCarats

They need a big rock ASAP here!!
Diamond prices hit new highs and Petra goes down something stinks here ??

Petra is a complete waste of time as an investment now !!
This will be the same price or most likely less this time next year.
Just don't see any shareholder value here for at least 18 months now.
Plus there is a massive market crash around the corner ??
Better opportunities else where good luck with this everyone not for me.

There won't be many shares available at this rate !!
Especially with consolidation happening at 50 to 1..

Stocks Under Consolidation

You can identify a stock that is under consolidation by watching for three simultaneously occurring properties on a price chart.

The first is that the stock has definable and steady support and resistance levels, much like a flag continuation pattern.The second characteristic is a narrow trading range. Be careful, though, because not all stocks and securities have similar volatility. Trading ranges are relative.The last feature to look for is a relatively low level of trading volume that does not exhibit major spikes.

Consolidation is neither positive nor negative on its own. Sometimes a consolidation period emerges after a healthy price movement. Traders, careful about possible overbought or oversold positions, may look to smooth out movements before another trend emerges.

Consolidation Breakouts

Once you have identified a consolidation, keep an eye out for any possible breakouts above or below the upper and lower trading range bounds. These breakouts can be accompanied by large increases in volume and lead to large gains or losses in a short period of time, especially if the stock has been in consolidation for a longer stretch of time.

What Does the ROCE Trend For Petra Diamonds Tell Us?

There is reason to be cautious about Petra Diamonds, given the returns are trending downwards. To be more specific, the ROCE was 9.3% five years ago, but since then it has dropped noticeably. Meanwhile, capital employed in the business has stayed roughly the flat over the period. Since returns are falling and the business has the same amount of assets employed, this can suggest it's a mature business that hasn't had much growth in the last five years. So because these trends aren't typically conducive to creating a multi-bagger, we wouldn't hold our breath on Petra Diamonds becoming one if things continue as they have.

In Conclusion...

All in all, the lower returns from the same amount of capital employed aren't exactly signs of a compounding machine. We expect this has contributed to the stock plummeting 98% during the last five years. That being the case, unless the underlying trends revert to a more positive trajectory, we'd consider looking elsewhere.

Splendor it's only my opinion!!
The potential is huge here and that's why LTH will get shafted as greedy bondholders will want all profits for themselves.
It's the world we live in unfortunately trust no one.

I said this would happen months ago !!
This will go private by year end you see, they know this is a cash cow and poor old shareholders won't see a bean from any potential here.
Inflation will carry on rising as will Diamond prices for the next 18 months.
Funny how the big rocks have dried up aswell.

Trek the FT article is dated April 2018 so old news why post something so old ??

Follow the money and obviously this is a sell now so I am out for now!! Will hopefully buy back later at 0.8p at some point ??
The broader markets are only going one way now and that will impact Petras decline.
Infl

Listening to the presentation i was a little confused with interest payments at 10.8% for the next 3 years and 9.7% for another 3 years after that on the $335m bonds??
Did I hear that right and when asked the question about dividends that ain't happing for years to come.
Please correct me if I missed heard this right or wrong ??

Mr Market didn't like it must of been something they saw they didn't like ??
The seller couldn't even sell into a rise because there wasn't one .
Very frustrating this share.
Until we are completely debt free with $1b in cash paying a 20% divi we ain't going nowhere lol..

Any rise will be sold into today !!
By this Friday we will be back at 1.70p. Then we will sit at that price till the next update so on and so fourth.
We live in a world of buyers and sellers longterm holders have to be very patience these days .

Update looks very nice !!
Let's see if that seller carrys on dumping at 1.76p today ??
2022 is the year of the dividend for Petra .
I can still see a 10 for 1 consolidation at some point ..
Good luck everyone.

So buy the bonds at 14 per annum a very nice return !!
Or hope the SP rises which at the moment looks very unlikely with all this selling around the 1.76p mark.
Can't wait 3/4 years for the share price to improve plus we have the biggest crash on the horizon coming shortly ??

I'm hoping for another $50m of the debt on the next update !!
Will probably get ignored by Mr market as we are priced to go tits up anyway .
A rare company reducing debt at rapid pace when most others are piling more debt on.
Q3 2022 should have debt under $100m which is nothing and a nice divi coming to the table.
But just have that horrible feeling the US market is on the cusp of a huge crash which is definitely on the cards ??

They should rename this share Yoyo diamonds!!
Up one day down the next almost day after after day .
We are overdue a big blue diamond find like it would make any difference anyway ..

1.76p is one hard nut to crack !!
Patience Patience expecting at least 2.5p by Xmas ??

Nice finish today hope 2p goes shortly ??

Gem Diamonds update and they average $1800 per carat !!
What does Petra average per carat on their 3.6m production per annum??

Alrosa diamonds one of the biggest producers has gone up 120% in the last year.
They produce around 34m carats a year and have a Mcap 100 x of Petra's.
Petra produces around 3.5m carats so a tenth of Alrosa and we have a messley £165m mcap.
We are priced to fail by Mr Market for some reason.
Potentially a 10 bagger here but God knows what's going on with its low valuation ??
Patience Patience Patience..