The Market Waits For Dwyka To Confirm That The Tailings Retreatment Project Is Glitch-Free.
By Jack Hammer
On paper, Dwyka Diamonds looks good. It has a decent spread of assets, cash flow from production, and even some cash flow and diversity in its aggregates business. It doesn’t look bad on the ground either, as a touring party of analysts, fund managers and journalists tended to agree during a site visit in the early part of February this year. That tour took in the company’s core property, the Tailings Retreatment Project, the success of which is now seen as fundamental to Dwyka’s future.
As Charles Bendon, broker at Ambrian reminisces, “Look north and there’s that massive pile of dirt…” That pile of dirt is a mighty de Beers tailings dump, that - all being well - ought to supply Dwyka with 50,000 tonnes of throughput per month. But all isn’t quite well, or at least the market doesn’t think so ... more ...
