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I think you may be right here as much as I can't f'ing believe...

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mickloff

1,235 Posts.

36

01/08/18

10:37

Post #: 34664718
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Originally posted by rocket973 ↑

How do you IOR (ex NSL) cheerleaders think that there is anything positive here?
A record 20,000 tonnes sold in a Qtr, what a joke, it should be 20,000 tonnes per week minimum. Then ramp up to 20,000 tonnes/day.
What premium? They sold the ore for AUD$46/tonne. It costs them more to dig it out than the price IOR sells it for.
At this rate a capital raise will be needed again to pay the snouts at the trough.

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I think you may be right here as much as I can't f'ing believe it.

Forecasting bugger all money coming in next quarter , of which 900k is the leftover of the cap raise it seems ( imo probably management )

Something doesn't add up and explains export finance.

8.5m is for phase 3 -

I suspect they have 2M left now for working capital.

IOR Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
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