Outlook ?
"Focus mining operations towards flotation ore type which is more suited to the Rocklands processing plant. This is expected to maximise copper concentrate production and cash flow generation during the next six months."
They have no option, they dont have a working native copper circuit at the moment i believe? Do they have ore that isnt sulphide flotation and they have been treating that? Why?
NB: Trying to float oxide material is ~50-65% recovery...
But thats irrelevant really..I believe it to be utter tripe.
So, lets just assume that market cap has a part to play in whether a company is trading insolvent or not.
Market Cap *apparently* 92.65 million
Loans *apparently* ~90million
Losses per month at current rate *estimate on the nice side* ~1 million
That should mean that if they were out of suspension and the shares fall....1-2c, then technically they are trading insolvent? It also means that if they are in suspension and they run for 2 months with the same profit margin then they are also trading insolvent.
David Copperfield eat your heart out.
CDU Price at posting:
23.5¢ Sentiment: None Disclosure: Not Held
