Yeah current management doing really well lol six months of trading halt. The ore is now a lot cheaper and there is a good chance the smelter could be making fistfuls of money if it was running at capacity now.
the ferrotungsten price crashed by about a third after they started the smelter and the margins got killed. Inspiring leadership at work now - look how they caused the worldwide price for ferrotungsten to stop falling and the tungsten ore cost to decrease.
The simple reality is that smelter never should have been started until the company had better control over its ore supply and the only way they can do that is to own a mine or partner with one. A company the size of Haz doesn't have the substance to buy anything cheaply or sell anything competitively unless it can control the ore supply or has a bucket of cash.
Ann: Financing Update, page-7
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