II Editor
27 Sep 2017
NEW ARTICLE: Trends and Targets for 28/09/2017 " PETRA Diamonds, The Card Factory, and Cruises for under 10 pounds. (LSE
TA, 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 ..."[link]
mountainclimberman
20 Sep 2017
Long term value “We won’t be stupid and just keep on pumping in money if it’s clear it will come to naught,” chief executive Johan Dippenaar said on Monday after Petra reported its annual results. “We’re 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.
JohnyCash
20 Sep 2017
Re: Time to buy! Just topped up at 69.6pInto my 'Recovery Stock' portfolio..............JC
JohnyCash
19 Sep 2017
Re: Time to buy! [link]
TalygarnTom
19 Sep 2017
Re: Time to buy! 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.
JohnyCash
19 Sep 2017
Re: Time to buy! Bought in at 74.1pFundamentally looks OK to me. Mixed trading update but revenues increasing. Tanzania an issue but shouldn't be a huge influence if one looks at the bigger picture.I'll buy more on any further weaknessJC
weblogic
16 Sep 2017
Re: Time to buy! When do we hear more about the Nigeria mining situation...?
appamama
11 Sep 2017
Re: Time to buy! Ecologist, you asked, 'Someone is cheating, but who?'Tweak the question a little. 'Someone is being cheated, but who?'. That might lead us to a better answer.
Ecologist
11 Sep 2017
Re: Time to buy! The plot thickens .....Tanzania says that Petra undervalued the shipment (see link) while Petra says the Government is responsible for the initial valuation (see RNS i posted earlier).Someone is cheating, but who?[link]
N0idea
11 Sep 2017
Re: Time to buy! Looking at today's news now is probably not the time to buy. This is the same thing that has happened to Acacia Mining
Ecologist
11 Sep 2017
Re: Time to buy! Something very odd going on in Tanzania. Can we anticipate that the UK government will get involved or are they too busy with BREXSHIT??Any news from the High Commission and Her Excellency Madam Cook?But an over reaction by the market, i believe[link]
shadow28
05 Sep 2017
Re: Time to buy! 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.Good luck!
toady27
22 Aug 2017
Time to buy! Surely at this price it's a good investment!. Can't see this share going lower. At this price it will create an interest. Time to stock up.
mountainclimberman
28 Jun 2017
trading update This could explain the sharp falls recently, 8 - 9 % down on forecastsPetra Diamonds Warns Annual Results To Be Below Market ExpectationsLONDON (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 company’s 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.Maryam Cockar; [email protected]; @MaryamCockarCopyright 2017 Alliance News Limited. All Rights Reserved.
II Editor
22 Mar 2017
NEW ARTICLE: Latest IPO is forgotten gem "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 ..."[link]
