Balance Sheet Strain And Dilution RiskProject debt is largely drawn and cash resources are limited, implying that new equity or debt will likely be needed and could increase shareholder dilution and financial pressure.
Commodity Price WeaknessWeaker diamond prices have reduced the project's economic returns and lowered asset valuation, placing pressure on future revenue prospects and investment appetite.
Funding ShortfallA significant funding shortfall remains and additional financing is required to complete the Karowe underground project, increasing execution risk for the development.