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Petra Diamonds: Surely a statement is needed? Bears should stay short!

Tom Winnifrith
Friday 18 July 2025
On May 22 Petra Diamonds (PDL) posed a full operational update which included the line “We believe the steps we have taken over the past 12 months position Petra well for a successful refinancing. We will now look to commence engagements with our lenders on the refinancing of our debt maturing in early 2026.” The shares were then 21p. They are today 11p and falling rapidly.

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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