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BlueRock Diamonds 'conserving cash' and looking forward to restarting operations strongly

BlueRock Diamonds PLC's (LON:BRD) Gus Simbanegavi tells Proactive London's Andrew Scott operations at its Kareevlei diamond mine in South Africa have been suspended on the order of the South African government and will remain on care and maintenance until the market recovers sufficiently for them to become cash-flow positive on a monthly basis.

He says that prior to the shutdown, the business was performing well, with the results for the first quarter significantly better than the previous year.

''We're ready to go'', he says. ''All we can do is watch, wait and see how long this challenge will last''.

Quick facts: Bluerock Diamonds PLC

Price: 42.375 GBX

AIM:BRD
Market: AIM
Market Cap: £3.85 m
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BlueRock Diamonds 'back on track' after significant sale of 14.8 carat stone...

BlueRock Diamond PLCs' (LON:BRD) finance director, David Facey talks to Proactive London about the prospects for the diamond industry in 2021. One of the key indicators of what's to come for the diamond firm, is the sale of a 14.8 carat stone for US$167,000, equating to a price per carat of...

on 27/1/21

2 min read