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8.2¢ alliance mineral assets limited

A40 price action, page-275

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Novice2012

536 Posts.

32

01/03/19

18:45

Post #: 37625315
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Originally posted by Wilma85 ↑

I don't think there is a capper. I think our SP is where it is because of a poor December quarter and the Burwill offtake being renegotiated.

Until we secure a second offtake partner, and assuming that terms are reasonable, I don't see that we can get to being cash flow positive. Simply being in production isn't enough, we need to be profitable. Once we are profitable the SP will take care of itself.

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This i believe is simply a matter of fact now. The SP will probably continue to drift until there is some great news on offtake for uncommitted production, regular shipping to both offtakes and news on drilling.

A40 Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
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