Potential3 Aug 2020 12:08
I have been researching the company and invested today. Some points I noted which I believe could be value drivers are:
Market cap: £3.7m.
Cash: £2.4m.
Teichmann 29% shareholding.
Operation recommenced - 1,800 tonnes per day (Q4 2019: 1,300 tonnes).
New selling strategy- access to Antwerp diamond market through Bonas group.
Pre-sale finance agreement option in place - provides flexibility on potential sales value achieved.
Completed the combining of KV1 and KV2 into KV Main Pit.
Modified the current plant resulting in improved production throughput.
Expansion plans enhanced - 1,000,000 tonnes by end of 2020.
Aim to implement significant cost savings and increase recovery rates.
Updated resource statement due Q3 2020.