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28/02/19
16:58
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Originally posted by asb83:
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I can only imagine how bad the cost per tonne will be this quarter when they say they are producing 40-45k and only selling a portion of it. It was terrible last quarter. Looks horrendous this quarter, IMO. My quick calculations have Mt C running at a loss this quarter given they have hardly shipped anything (i.e. small cash inflows) yet are still saying they are on target to produce 40-45k (large cash outflows). Are they struggling to sell it? Not being offered what they want? Or? Whatever the case, I wouldn't want to be holding this when the next quarterly is dropped on the market like a nuclear bomb.
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You mean that terrible quarter where they produce a heap of spod and had a few hundred million dollars come into the coffers. Quick sell, sell, you really are special.