Member Info for skippy999

I did invest here and nearly got my fingers burnt, sold at 520p. Look at the 5 year graph, and tell me this is going to be 500p in the near future - I will eat my hat with all the trimmings on the 25th Dec! I was the owner of a recycling business for over 20 years, and copper is in huge over-supply, not just from the producers but from the recyclers who nobody controls prices over except the free world market. Sorry if you don't like what I am saying, but look at the graph, and the world's over supply of basic resources. GLA

Only one direction today and over 5% down and more sellers than buyers! I am starting to conclude that the bottom SP has not been found yet. Views?

Ok so who is brave enough (foolhardy also?) to predict the results and effect on SP?

Ok Roughdiamondbuye big thanks for that - I am not only older but a bit wiser! Like others who have posted here, the lack of comment from the BODS at PDL is surprising and may bear out what you are saying. Time will tell.

Yet another broker coming in at 90p today - are we all missing something or is Roughdiamondbuye right? I note the Oct auction brought in over $60m, and the Sept 14 was over $100m but there is no carat comparative. Anyone know if the same sort of quantity was auctioned so a meaningful comparison on price can be attained?

Despite massive movements downwards, I note that brokers are not flocking to post, "SELL", and the last sell rating was back in April 2015. I hope that we see some recovery this week, without being followed by the, historic, downward trend suffered recently. I have topped up in 1/3d tranches since getting in at 80p to reduce my average cost, so hopefully we can all regain some of the paper losses suffered. I believe this share is undervalued, but the potential gain is in the long-term when the new mine starts to produce, and the price of diamonds rises.

Can see this closing below 57p today unfortunately

There is no support at the moment, and 60p has come and gone - 50???

Still a lot of selling and not much buying. Views welcome.

Great to see this share steady as a rock - unlike PDL at the moment! GLA

No mention of the record breaking Blue Diamond sold for $42m yesterday in Geneva yesterday mined by PETRA DIAMONDS.(YES - this company!) I think this market is just liking bear news and ignoring anything bullish!

See this report - makes sense. Summary as.... Compelling entry point: Given its balance sheet leverage, Petra's shares remain vulnerable to adverse diamond market newsflow in the short term, and a further material weakening of diamond prices could potentially test lenders' nerves. But having shed c70% ytd to a five-year low (vs. FTSE Mining, down 40% over the same period), we think the risk-reward balance is now compelling. We initiate with a Buy rating and 125p target.

Worth a punt - topped up just now.

are back in at 60p. How long for?

Am I sensing some support at 60p? Buys exceed sales for the first time I can remember this week.

Even the lowest rating is 80p, and today 150p - can't help think that sales pressure is driving this down, and historically the daily rises can be as large as these recent drops. Jax05 - read the RNS at top RHS of screen for history of announcements.

Quote..."Petra's focus remains on the maintenance of a healthy balance sheet, the tight control of costs, and the successful roll-out of our expansion plans, which will deliver the first significant input from the higher quality production areas from H2 FY 2016 onwards. These measures will assist the Company to withstand uncertain market conditions." The SP is not withstanding anything at the moment!

Another awful start to the day! It is remarkable that buys and sells always almost match on a daily basis. Also looking at the 5 year charts, the volumes are very high compared to normal. There has been no adverse press, nor company announcement, yet the drops are massive even on a daily basis, let alone cumulative. It's Singles Day in China - if only it was Engagement Day, and demand picked up. Anyone got better views on where we are going? Thanks

Well at least the market is closed and it cannot drop further until tomorrow morning! Sweet dreams to all.

Keeping your nerve is my only advice - if the reasons I invested still hold true, then I will keep the share. If not, I have to review my plan, and act accordingly, even if that involves taking a loss. Logic - small loss is better than bigger loss! I have about £20k in PDL, so I do not pretend to be a large investor here, but it is still money at risk of gain, or loss. Fundamentally, this share should be good in the medium term, and certainly the long term. I agree entirely that some info from PDL would steady the ship.