Diamonds are not necessarily an investor's best friends, but Petra Diamonds (OTC:PDMDF) shares have treated investors pretty well in just the past three months, shooting up more than 50% on increased optimism about the company's expansion plans and cost structure. The shares have probably overshot the mark in the short term, but Petra's collection of mines (and its plans to improve their productivity and value) certain bear watching.
A Sizable Player
Petra Diamonds is not likely a household name for most readers, even though it is the fourth-largest diamond miner in the world and the largest publicly-traded pure-play. "Fourth-largest" requires some context, though, as Russian state-owned (but recently IPO'ed) ALROSA produces almost one-quarter of the world's production, while ...
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