Its getting there......

looks like christmas might arrive early this year

nice little spurt today!

Will we be seeing a head & shoulders?

Are you guys holding to the original target price of 1 a share on
this one? What's the website for the company please chaps?
:>)

stockbunny - http://www.petradiamonds.co.za

Thank you StarFrog - a princely gesture :>)

Are you sure it's not adonisisadiamondgeezer.com?

:>) Hils

Macca,i see your pdl has got a tip for 2005 from that rag mag.

Its having another go

Christmas 2005 it is then.

only another 5p to go....

It was in one of the sundays yesterday macca,looks nailed on.

sorry DD, I didnt buy the Sunday Sport

Petra Diamonds buys Crown Diamonds in reverse takeover
AFX

LONDON (AFX) - Petra Diamonds Ltd, an AIM quoted diamond mining company, has conditionally agreed to merge with Crown Diamonds NL, buying the entire issued equity of Crown.

The all share transaction, which is subject to regulatory and shareholder approval, values Crown at 35.3 mln stg and Petra will as a result have a dual listing in Australia and London.

Petra will issue 37.2 mln new shares to Crown with the latters shareholders to get one Petra share for every 8 Crown shares.

Because the merger represents a reverse takeover, Petra has been suspended from trading on the AIM.

Johan Dippenaar is to be appointed chief executive of teh emrged group.

Details of proposed merger

Tens of Millions of new shares + a company that is operating at a loss = relisting at +/-45-50p:-(

Relax poes ...... it's a very good deal which should enable them to better realise their prospects and turn them more towards being a production company. Imo of course.

hilary, how many reverse takeovers result in the relisting at a higher price? - fuckall.

I can think of quite a few actually, but wdik?

This deal has been on the cards for ages. It's something that Adonis has been working towards since the Oryx deal was aborted a few years ago. It had to happen sooner or later and if you couldn't see it happening, you shouldn't be invested!

hilary - dont now make out that you new about it before what absolute rubbish. You always get the 'I new it was going to happen' after the event bullshit, why wold anyone believe you? Maybe a couple of examples to backup your claim re reverse takeovers. Thanks.