. March quarterly is 3mths late and still burning $654,000 per quarter in Admin and marketing.
The financing update on 5th June said "profitable production run in February" LOL are the advisors and promoters writing these announcements?
Net operating cash flows for the March quarter negative $878,000 with the lowest sales figures since they started producing. Doesn't look profitable to me. Perhaps the 75 million options for the new MD will "incentivise" the smelter to make money.
None of these tungsten dreamers will make any money. wolf built its dog assuming $400 tungsten price and as they start production the price is closer to $200. Better run off and pay some corporate advisor to "independently" forecast higher tungsten prices before anyone finds out.
HAZ Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
