The investment case for Petra is based around three central pillars. Firstly, the company is only now reaching nameplate capacity on the two ambitious expansion plans at Finsch and Cullinan. This is resulting in the company becoming cashflow positive for the first time in 9+years. Secondly the lacklustre diamond market is accelerating optimization of the operations which will extend this capacity delivering further margin growth. Thirdly there is a new management and a refreshed board in plac
12 Dec 2019
Darkest before Dawn
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Darkest before Dawn
Petra Diamonds Limited (PDL:LON) | 40.0 0.3 2.2% | Mkt Cap: 77.6m
- Published:
12 Dec 2019 -
Author:
David Butler -
Pages:
43
The investment case for Petra is based around three central pillars. Firstly, the company is only now reaching nameplate capacity on the two ambitious expansion plans at Finsch and Cullinan. This is resulting in the company becoming cashflow positive for the first time in 9+years. Secondly the lacklustre diamond market is accelerating optimization of the operations which will extend this capacity delivering further margin growth. Thirdly there is a new management and a refreshed board in plac