vicious circle, page-9

If you assume like some with alternative views that Mt C has issues on all fronts last year, margins, grade productions recoveries etc

Despite these issues, Mt C EBITDA (using 72 AUD USD) last year,(refer to last release of Audited financial accounts) was close to $100,000,000 AUD and operation generated large positive cashflows from operations.

So if I think logically, if the operation was restricted to using low grade ore in 2018 as its approvals to mine over at floater road were not approved as expected last year, but now are, Yield optimisation project which GXY spent tens of millions on was only 85% commissioned at end of 2018...……………………..the above EBITDA for MT C should continue to improve in 2019.

The length of time GXY can in theory  generate positive EBITDA at MT C also increased, making the mine even more valuable as Resource and Reserve upgrades came through at the beginning of the year.

IMO All is not lost imo.

So many negative views of late which is fine, but seemingly getting overwhelming for some,,,,,, new board needed, MT C crap, no communication, short selling as a % of day trade is high...

…………………………………………… getting close to big bounce time imo,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,fundamentals imo are getting stronger, MT C,,,,,huge cash balance, no debt, and company looking at offers...…………...its not speaking with lenders, doing CRs, sacking people or in dire financial stress

Good luck.

remember when accumulated  shorts are increasing alot , which there is no doubt about at present, someone is obviously buying the long side a lot




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