RE: PDL D4E conversion price20 Oct 2020 18:35
You mean losing money for years of declining prices of raw diamonds and for years of investing in capacities?
Don't forget that last and this year about 20% of diamond mining capacities in the world were closed, that could give good chance for those who stayed on the market - we could see signs of that on example of last sales of Alrosa, DeBeers and others.
Also Petra finished their huge investment cycle and from the end of last year start to get free Cash flow.
Probably conversion prise will be close to 4p, but here is some chance up to 7,28p.
I don't think Petra will have difficulties with liquidity and repayments, will see update from them next week.