The current contractors is not the reason they need the money. They need money to be able to repair run down/broken equipment, pay off debt already owed to stop bleeding money on interest payable now, possibly environmental bonds, upfront payment fees for new contractors (more than subsidary owned friendly mining contractor companies (as has been rumoured on HC already, unknown source of truth on that but DYOR) and to ensure longevity for workforce.
Lets keep in mind that they have not delivered on any promises since ... well January 2017 when they met recovery and shipment at 80% of feed rate.
There has only been 1 other month where they 'met' a shipment/promise to shareholders/investors when they used the previous months supply of non shipment and added it to the month they were in production and without looking at my spreadsheet, its was roughly April 2017.
Until there is a continuous PROFIT or a debt repayed in full (I dont think anyone buys the whole, restructuring of debt warm air anymore) the share price will only fluctuate from natural course of attrition of investors. But as there are people (and companies) who have a vested interest in not losing millions more by keeping the company alive and pouring good money after bad to reduce losses on equity and margin loans expect people to try maintain the SP level (as im a technical person and not a portfolio advisor, as stated before DYOR! This is commentary and hypothesis only), so if there is another investor out there wanting to pour money into the place, they would be needing an airtight agreement, and written guarantee of heads rolling if it is not delivered on in a specific timeframe. As a current Ops Manager I would hazard a guess and say within 3 months to be at full operating capacity should be enough for any plant to deliver on given where the company says it is.... And if not.... I would be looking further up the chain than an SSE/Process Manager.
CDU Price at posting:
23.5¢ Sentiment: Sell Disclosure: Not Held
