Ann: Half Yearly Report and Accounts - 31 December 2018, page-4

Not for the last few Q. Major development costs for bringing on their second new mine as well as exploration costs combined with a weak commodity price has lead to such results. Last Q would have been green if it weren’t for a royalty payment that covered the whole year worth 4 million dollars was paid to the Qld government. 

Looking further ahead —> commodity prices are set to increase, production is set to double (revenue up 99.4% even without the new mine this HY), lowering costs as stated by management and proven over the last year, exploration potential with 600 sq km of owned land yet to be discovered, moving out of the wet season and risk of production haults. Cash in hand and no debt. And the potential to expand RVR and acquire a neighbouring company potentially as wel as dividends within the next 2-3 years.

These all point to a very bright future for a stock that is run by people delivering on what they are pursuing that being expanding the resource (liontown, Waterloo etc), reducing costs Q on Q (see previous Q c3 costs down from 1.15ish to 0.93) and increasing production which we will see the benefit of greatly in the 2H19 not to mention the increase we have already seen our of West 45. This all combined with higher grades set to be mined as well as higher commodity prices (see my post with forecasts on zinc stockpile forum) point to the sp heading in one direction and that’s up. “Buy when everyone’s fearful, sell when everyone’s greedy” “ if your not willing to hold a stock for 10 years don’t hold it for 10minutes” two great quotes are fitting for the stock.

imo gltah dyor