Petra Diamonds Ltd (OTCPK:PDLMF)
$ 0.4802 0 (0%) Market Cap: 99.77 Mil Enterprise Value: 364.77 Mil PE Ratio: 0 PB Ratio: 0.32 GF Score: 46/100
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Half Year 2024 Petra Diamonds Ltd Earnings Call Transcript

Feb 20, 2024 / 09:30AM GMT
Release Date Price: $0.8709
Richard Duffy
Petra Diamonds Ltd - Chief Executive, Executive Director

Good morning, everybody, and thank you for joining us today for our unaudited FY24 interim results for the six months ended December 31, 2024 (sic - "2023"). With me today is Jacques Breytenbach, our CFO; and Patrick Pittaway, our Head of Investor Relations. Would you please take us to slide 4, moderator?

Petra is the largest independent diamond producer with the world's third-largest diamond resource, providing long-term mine-life potential. Petra continues to be proactive in marketing cycles, particularly in response to the recent lower-for-longer diamond pricing environment. We are replanning the resumption of our captive projects to deliver a smooth capital and growth profile with a commensurately lower cost structure to be sustainably net cash generative from financial-year 2025.

We continue to focus on embedding our sustainability framework and apply a disciplined capital-allocation approach with debt optimization remaining a priority. Our operating model is focused on delivering stable and predictable

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