The diamond miner has had a difficult two years, but analysts agree that Petra remains one of the best-placed companies to capitalise on a rising diamond price environment.
The approach of some investment analysts regarding the UK-listed company Petra Diamonds – which mines almost exclusively in SA – is to take a long breath and focus on the medium-term view.
The last two years have been a difficult period for Petra’s long-standing CEO Johan Dippenaar & Company. After years of driving for 5m carats of production annually from almost nothing, the company has now lowered its horizons.
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