Interim Management Statement (IMS)21 Oct 2015 12:53
..is due in the first half of November.
Their outlook from the first half results (19/08) was as follows...
"OUTLOOK
In the current depressed diamond market and due to the slower than expected ramp up at Ghaghoo, capital and cash management discipline will be of high priority in the short-term.
Focus will be on converting the Ghaghoo mine from its commissioning phase into sustaining operational activities and achieving steady state production.
At Letšeng, the potential added value benefits following the completion of its current projects are expected to materialise and generate positive return on capital invested. Operationally, Letšeng is geared to continue to mine a higher percentage of the higher grade, higher value Satellite pipe ore in line with the optimised mine plan.
With cost control and operational efficiencies the ultimate focus for H2 2015, the Company is on track to pay its next dividend in 2016 based on the 2015 full year results."
So they seem to be on top of the key issues, just a question of being patient for long term returns here & I'll maybe top up if she hits a Quid!
GLA all & Best Regards,
Blue