Its getting there......

A whole year without a single blog, sp right in the dip now !

This must be the cheapest Diamond company in the world, profits going forward look fantastic, must be due for a rise as they say that the power cuts are not affecting them, I took a position this morning just before the last rise, hope I got this right !

FDI rocketing this morning, hope this one does the same !

Cannot believe the drop here...beggars belief (as so to speak) !

Still dropping....diamonds not in favour any more ?

Hello, hello....what spiked this up along with impressive volume today then?

Hey up has the bull woken up today then?
Look like good bullish reversal trend is in the making imo.

Well, well, well,....3 holes in the ground...!, this has woken up at long last....another undervalued stock !.

Anybody, any idea why the rocket like rise in the past few days....? takeover rumour ?, If I was one of the majors ...this would be in the line of fire !.

Petra Diamonds swings to annual profit
MoneyAM
Petra Diamonds Ltd moved to an annual profit after it bought South African mines from De Beers, it said today.

The miner posted a net profit after tax for the year to end June of $1.9m from a loss of $20.9m the previous fiscal year.

The firm said the main reason for the turnaround in profit was the contribution from the Koffiefontein mine it bought from De Beers.

'The success at Koffiefontein clearly demonstrates our distinctive ability to turn such mines to account, and we look forward to achieving similar results at these acquisitions,' Chairman Adonis Pouroulis said in a statement.

The other mines it has purchased from the world's largest diamond producer, Cullinan and the Kimberley underground operations in South Africa and Williamson in Tanzania, will come on stream this financial year, it said.

The company boosted output 11% to 200,287 carats and expected a huge increase during the current year.

'Fivefold production increase expected to over 1 million carats for FY 2009 with the new mines coming on stream,' it said.

The firm also announced a major increase in its resource base, jumping to 265 million carats, worth $27.3bn, from 11.38 million carats worth $1.9bn about a year ago.

Petra posted a 352% increase in revenue to $76.9m and EBITDA (earnings before interest, tax, depreciation and amortisation) of $25.5m versus a loss of $5.2m last year.

The firm said it had a good start to the current fiscal year, receiving attributable revenue of $14.8m from its first tender, comprising sales from eight weeks of production at Koffiefontein and its fissure mines, as well as the first four weeks of production at Cullinan.

Are SAAD lining up a takeover, at what price??, or just investing.


The Company was notified today that following recent purchases Saad Investments Company Limited now holds 70,155,430 ordinary shares in the Company, representing approximately 38.1% of the Company's ordinary issued share capital.

Petra Diamonds Limited is a Bermuda registered company and as such is not subject to the Takeover Code and accordingly there is no obligation for a mandatory offer under the Rules of the Takeover Code by any shareholder increasing their holding above 30% of the Company's issued share capital.

Petra abandon Alto Cuilo, cut back exploration!

Click HERE

Sold out of these at a loss some time ago now,.....what bad times we have today !.

Diamonds have no value in recession. Gold is more valuable.

Mine revenues strong at Petra Diamonds

http://www.growthcompany.co.uk/news/1603593/mine-revenues-strong-at-petra-diamonds.thtml

interesting chart with a clear and very stubborn resistance at the all-time high +/-180 ..... on the basis that that could/should be cleared next time around, then it could be champagne cork syndrome ..... def worth watching i think

having jumped into new territory, i have married money and mouth .... order book looks pretty strong at the moment too

Questor's top share tips for 2012


Petra Diamonds

Petra Diamonds shares have fallen significantly over the past few months as diamond prices have softened. These falls look overcooked, considering the group's production growth target and increasing demand for precious stones from Asia.

In December, the company moved to the main board from Aim, which means the shares are a real contender for entry into the FTSE 250 at some point in 2012.

The company is targeting an increase in production from 1.1m carats in the year to June 2011 to 4m carats in the year to June 2014. Progress on meeting this target will be positive for the shares.

It is also likely that diamond prices will rise again next year, as demand from the Middle East, China and India continues to grow.

According to Edward Sterck, a diamond analyst at BMO Capital Markets, the price of rough diamonds could rise 9pc in 2012 to $145 a carat. He expects price rise to continue all the way out to 2016. However, even a flat performance in the price should be positive.

The shares are trading on a June 2012 earnings multiple of 7.4 times, falling to just 5.5 in 2013. The company does not pay a dividend as it is investing for growth.

They look tempting.Up strongly today.

15 August 2012
LSE: PDL

Petra Diamonds Limited

("Petra" or the "Company" or the "Group")


Guidance Update

Petra Diamonds Limited announces that it has today publishedupdated analyst guidance for the year to 30 June 2013 ("FY 2013") and updated high level guidance for the period thereafter to FY 2019.Highlights of the updated guidance are below - the detailed guidance documentscan be downloaded from Petra's website athttp://www.petradiamonds.com/investors/financial-reports-and-results/analyst-guidance-15-aug-12.aspx.



Petra will announce its preliminary financial results for the year to 30 June 2012 on 24 September 2012.


FY 2013 Guidance Highlights

· Tonnes processed expected to be ca.17million tonnes ("Mt"), an increase of ca. 60% over FY2012 actual (10.4 Mt). This increase is due to a full year's production at Finsch and Williamson, combined with contributions from Petra's other operations.

· Carat production target of ca. 2.85million carats; an increase of ca.30% on FY 2012 actual (2.2 million carats); this target is 0.25 million carats lower than previous guidance issued early FY 2012, being mainly due to the revision of the mining scope at Finsch and the slightly lower production levels at Williamson (both covered below).

· Petra's production target of 5 million carats pa by FY 2019 remains on track.

· Further to Petra taking over operation of Finsch in September 2011, a mining scope change will be applied at the mine to improve the long term economics and tooptimise the production plan from a geotechnical and mining perspective. This will bring the added benefit of reducingexpansion Capex on previous guidance by ca.ZAR336million (ca. US$42 million)for FY 2013 and by ca.ZAR570million (ca. US$71 million) for the combined period from FY2013 to FY2016 (in comparable FY 2013 money terms).

· Guidance for Williamson adjusted toca.2.5Mtpa for FY 2013, climbing to 3.6 Mtpa by FY 2015.Petra still intendsto significantly increase productionabove these levels and the Company will update the market on further expansion programmes in due course wheninternal studies are completed.The deferral of the Phase 2 expansion programme, due to electricity and water supply constraints, will reduce plannedexpansion Capex forFY2013 by approximatelyUS$29million (in comparable FY 2013 money terms).

· Diamond prices expected to remain flat for the restof calendar year2012, with increases expected in calendar year2013 due to the effects of production decreases by major producers and the restocking of inventories in the pipeline, combined with a gradual improvement in global financial conditions.Whilst current rough prices remain under pressure, management continues to believe that the outlook is positive in the medium term.

· Unit operating costsin FY 2013 money slightly above previous guidance, mainly due to South African mining inflation running above the South African consumer price index (CPI). Costs remain well controlled and future increases will continue to be well managedby the Group.

· Expansion Capex for FY 2013 of ca.ZAR1,280million (ca. US$160 million) (South Africa) and US$8.6million (Tanzania), adecrease of ZAR213million (ca. US$27 million)(South Africa) and ca. US$29million(Tanzania)(as noted above)(in comparable FY 2013 money terms).



Conference Call

Petra's CEO, Johan Dippenaar, and Finance Director, David Abery, willhost a conference call at 9:30am BST today to discuss the updated guidance with investors and analysts. Participants are requested to access the detailed guidance documents from Petra's website and have them to hand before the call.



Participants may join the call by dialling one of the following three numbers shortly before the call:

From UK (toll free): 0800 368 1895