Looks like i have not looked in here for years , saw news about breaking convents down 5% .
But not down to recent lows.
Liberium broker said buy 25 September ( two weeks ago )
Note Nige the snake posted.
Must be comments ACTA bb
"Our location on Scotland's west coast attracts silly mega-prices for cruising, but Mrs T&T managed to achieve 90 minutes afloat for just nine quid, complete with her car.The ferry journey to the mainland is usually 20 minutes, but a combination ..."
" PETRA Diamonds, The Card Factory, and Cruises for under 10 pounds. (LSE:PTA, LSE:CARD) Our location on Scotlands West Coast attracts silly mega-prices for cruising but Mrs T&T managed achieve 90 minutes afloat for just 9 quid, complete with ..."
We wont be stupid and just keep on pumping in money if its clear it will come to naught, chief executive Johan Dippenaar said on Monday after Petra reported its annual results. Were monitoring the situation carefully.
The mine contributes about 6 per cent of production and 11 per cent of revenue this year, the share price has dropped more than double that amount since the announcement.
I have bought some as they are a well established and leading player in the diamond mining industry. It also has an impressive diamond resource base of approximately 312 million carats.
I think Tanzania is a very big problem. You only have to look at Acacia Mining. I don't hold Petra but I do hold Gemfields via Pallinghurst Resources after the recent buyout. John Magufuli is making the country completely uninvestable for resource companies.
Toady, you said that back in February
You may well be right this time though.
We'll know for sure come mid September.
I bought in at 110 so I am also very interested in the debt situation right now.
This could explain the sharp falls recently, 8 - 9 % down on forecasts
Petra Diamonds Warns Annual Results To Be Below Market Expectations
LONDON (Alliance News) Petra Diamonds Ltd said on Wednesday it is on track to achieve record revenue and production for its full year ending Friday, but warned that the results will be below market expectations.
Shares in Petra were down 4.3% to 108.60 pence on Wednesday following the companys trading update.
The FTSE 250 miner said it was on course to achieve record revenue and production figures across its operations for the year end June 30, but due to the slower-than-anticipated build-up of its expansion programmes, production is estimated to be about 8% to 9% lower than guidance of about 4.4 million carats.
Revenue also is expected to be between 8% to 9% below market consensus, and so overall financial results for the year are forecast to be below market expectations.
Petra said it has currently reached an operational run rate which supports the 2018 financial year production guidance of about 5.0 million carats.
It said that while the ramp-up of production from the sub level cave at the Finsch mine in South Africa took longer than expected, it is now operating at the required levels and at the new Cullinan plant, also in South Africa, both mills and crushing circuits have been commissioned.
All untreated run of mine stockpile ore material at Cullinan, which is expected to total up to 450.0 kilotonnes at the end of June, will be processed in the first half of the 2018 financial year.
Petra said it has also built up a run-of-mine stockpile ore at the Kimberley Ekapa Mining joint venture of about 100.0 kilotonnes.
By Maryam Cockar; [email protected]; @MaryamCockar
Copyright 2017 Alliance News Limited. All Rights Reserved.
"Most people would struggle to find Burundi on the map. Land-locked, it's bordered by Rwanda to the north, Democratic Republic of Congo to the west and Tanzania to the east. It's one of the world's poorest countries, but there are riches here, and ..."
Petra Diamonds Limited announces the following trading update (unaudited) for the six months ended 31 December 2016 (the "Period", "H1 FY 2017" or "H1"), ahead of the publication of the Company's Interim Results for the Period on 20 February 2017.
· Production up 24% to 2,015,087 carats (H1 FY 2016: 1,629,403 carats) due to increased contribution from undiluted ROM ore leading to improved ROM grades, and additional tailings production from Kimberley Ekapa Mining;
· The Group remains on track to deliver full year production of ca. 4.4 - 4.6 Mcts;
· Revenue increased 48% to US$228.5 million (H1 FY 2016: US$154.0 million), due to increased sales volumes;
· Diamonds sold rose 47% for the Period to 1,910,113 carats (H1 FY 2016: 1,303,051 carats). In line with past years, H2 is expected to be a stronger sales period, due to the timing of tenders being weighted towards the latter half of Petra's financial year;
· Rough diamond prices were flat during H1 FY 2017 on a like-for-like basis, in comparison to H2 FY 2016;
· Underground expansion projects remain on track with Finsch's Block 5 SLC and Cullinan's C-Cut Phase 1 delivering initial production during the Period as evidenced by the improving ROM grade profiles;
· Commissioning of the new Cullinan Plant to commence towards the end of Q3 FY 2017;
· Expansion and sustaining capital expenditure ("Capex") was US$134.9 million (H1 FY 2016: US$139.8 million), representing ca. 60% of total forecasted Capex for FY 2017, in line with guidance and demonstrating the continued decline in the Capex profile, with peak Capex spend having passed in H2 FY 2016;
· Net debt of US$465.4 million in line with levels reported in Q1 FY 2017;
· Petra expects to be within the required covenant ratios for the measurement period as at 31 December 2016;
· It is with deep regret that the Group experienced one further fatality during H1 FY 2017, in addition to those reported in Q1 FY 2017, despite historically excellent safety records and a leading Lost Time Injury Frequency Rate ("LTIFR") of 0.25 achieved during the Period (H1 FY 2016: 0.37).
Read Panmure Gordon & Co's note on PETRA DIAMONDS, out this morning, by visiting https://www.research-tree.com/company/BMG702781094
"Petra Diamonds Q3 FY2016 production and Sales report, confirms the positive impact on both production and sales volumes from the Kimberley tailings acquisition. Pricing in the period, on a like for like basis rose 3%, but poorer quality production mixes at Cullinan and Koffie have impacted pricing, albeit we believe temporarily ..."
Read Panmure's detailed quarterly report on the diamond sector including Petra Diamonds (PDL), out this morning, by visiting https://www.research-tree.com/companies/uk/gemstones_%26_diamonds/petra_diamonds_ltd
During the quarter, Petra Diamonds announced solid FY2016 interim results and also announced the recovery and subsequent sale of an exceptional 32.33ct pink diamond. Pricing remains a constant concern for investors but operationally, we believe Petra continues to... We also visited the Cullinan operation during the period which served to reassure us that the long-awaited C-Cut production will have a positive impact on the second half and beyond
" As global stockmarkets stage a late comeback after a week of turmoil, investors spurred on by value fever might be tempted to fill their portfolio with "bargains". Market dynamics haven't changed since Wednesday, however, and, despite a dramatic ..."
I have not followed the Petra dividend too closely and so am now at a loss to understand the payment details. iii is showing under fundamentals that we should have received a 3p and a USC 3.0 payment a week or so ago.
My TDR account is showing only a USC 3.0 payment.
Further, although TDR shows that I wish to reinvest dividends in Petra (as with other shares) into further shares, I'm now left with a sum of dollars in my account.
Can anyone please explain the recent dividend and anyone who knows TDR methods, explain why they did not reinvest the dividend?
Thanks Andy. As you say, not fool proof itself and neither it's execution even when you get the theory right.
Over 70/71 (descending trendline so that gets lower each day; 4h chart) looks like at least a sit up an pay attention. Also watch the gap on and price ativity around it. 65.7 or so to 64.3p. If it's really changing direction here, you'd expect to see support/buying there.
wl - the little thumb nail chart below shows just how much confidence has been sapped in PDL since the 2014 Summer peak. As yet, despite the reasonable bounce since late Nov, the chart needs to show a trend reversal before its safe to assume the recovery has started.
The resources sector has taken such a beating that it is clear that it will take a good while before it can attract investors back. Just look at how long gold had been in steady decline, despite the regular claims it ready to recover over the years, and it still probably hasnt formed a convincing bottom.
Sentiment alway runs too far in whatever direction, and trying to second guess PDL or the sector is a risky old business. TA isnt fool proof, but its probably the best tool available to base any judgement on. So far Shotry has done a rather better job than me when it comes to PDL, but I still watch reasonably closely.
A rare Pink diamond find recently put some sparkle back into Petra...and more to come, it would appear, with the new projects nearing completion, and the prospect of higher grade gems being proffered...
And the banks underlining confidence, with there waiving of covenant requirements, under lines confidence in that area, sending out a positive message to the markets.
With any kind of decent run next year, this share should see some notable improvements.
Most of the recent broker notes certainly echo this, with significantly higher price targets..
We`ll see how things pan out....lots of other global issues rumbling along.
It's funny isn't it. I wondered what the jump was. It came very close to 61, but has not quite hit that yet. I missed the exit. Have moved my limit sell down slightly. Would be happy to drop 60% or so by close of play. Kind of weird that the chart says something is happening and then the diamond is 'found'. Makes you wonder whether it was in fact found a little while ago and the recent buying from 50p area is based upon knowledge that news will be released. Maybe I'm just being cynical. I'm hoping it will help me rationalise this position before close of play
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