Not great news.
But could have been worse.
The first thing is that the operation
is a success.
The second thing is they can't make real money at current pricing.
Money still being spent in the US
So just about at break even now.
They have to improve higher grade
Graphite sales and maybe find a big long term contract willing to pay a premium
Cheers
Ann: Q1 2019 Interim Update, page-17
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