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Investors Chronicle.com reports that there is an expectation that diamond prices will continue to be strong, and that there is great promise for a number of companies, including Petra Diamonds (LON:PDL), in 2011.
Investors Chronicle.com reports that there is an expectation that diamond prices will continue to be strong, and that there is great promise for a number of companies, including Petra Diamonds (LON:PDL), in 2011.
The editorial is quoted as saying:
Diamond prices continue to strengthen and that Petra, now with a market capitalisation of around £440m, should soon command a re-rating. Interestingly, the company mentioned that miners’ capital expenditure budgets for next year are expected to be higher than pre-crash levels as companies look to exploit still-strong commodity prices.