Petra's recent introduction of a dividend policy has marked a key milestone in the company's recovery from over-indebtedness, through recapitalisation to best-in-class cash generation. The company's diamond sales prices remain relatively strong which we would imagine is partly down to Alrosa supply constraints. Operationally Cullinan is now delivering, likewise Finsch and the company has been quick to address concerns around Williamson and deliver guidance for the mine. The award of a dividend i ....
14 Nov 2022
Petra Diamonds (LSE: PDL) - Initiating Coverage
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Petra Diamonds (LSE: PDL) - Initiating Coverage
Petra Diamonds Limited (PDL:LON) | 41.2 0.1 0.7% | Mkt Cap: 80.0m
- Published:
14 Nov 2022 -
Author:
David Butler -
Pages:
42
Petra's recent introduction of a dividend policy has marked a key milestone in the company's recovery from over-indebtedness, through recapitalisation to best-in-class cash generation. The company's diamond sales prices remain relatively strong which we would imagine is partly down to Alrosa supply constraints. Operationally Cullinan is now delivering, likewise Finsch and the company has been quick to address concerns around Williamson and deliver guidance for the mine. The award of a dividend i ....