GREY:PGDIF - Post by User
Post by
ekimon Sep 11, 2015 2:13pm
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Post# 24096967
Debswana cuts production
Debswana cuts production Article --
Botswana Debswana
Cut from 23 million to 20 million carats in 2015.
Geez. 2015 is getting pretty long in the tooth...fairly late for a production guidance change of that magnitude.
Short term supply/demand problem and we have seen a few operations pull back production.
this defers some production into the medium term and hopefully resolves the short term supply/demand imbalance.
One would assume that there is some 'high grading' going on at these operations at this point...so there will be more pain later.
Invest in operations or projects that have a huge profit margin cushion.
LONG...PGD
EKIM