Petra’s share price staged a recovery in the last quarter after a continuous downward spiral through 2015 from earnings downgrades. The second tender for the H1 FY 2016 proved less damaging as an improved product mix particularly from the Finsch mine helped to cushion prices. The sale of the special pink from Wiliamson also boosted tender revenues by US$10.2m or 12%. The recent trading update shows good operational improvement at Cullinan and Koffiefontein and the cushion provided by th
29 Jan 2016
Prospects for FY 2016 and going forward
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Prospects for FY 2016 and going forward
Petra Diamonds Limited (PDL:LON) | 42.0 -0.3 (-1.4%) | Mkt Cap: 81.6m
- Published:
29 Jan 2016 -
Author:
John Meyer | Sergey Raevskiy | Simon Beardsmore -
Pages:
9
Petra’s share price staged a recovery in the last quarter after a continuous downward spiral through 2015 from earnings downgrades. The second tender for the H1 FY 2016 proved less damaging as an improved product mix particularly from the Finsch mine helped to cushion prices. The sale of the special pink from Wiliamson also boosted tender revenues by US$10.2m or 12%. The recent trading update shows good operational improvement at Cullinan and Koffiefontein and the cushion provided by th