Hi Fellows
What was mentioned in the update is that it was an expensive repair but they did not state the cost. They say that the Fe price was unfavourable...me thinks the production costs are high and the Fe price unfavourable only in comparison to production costs.
They state receivables but not payables....payables are even to the receivables if not greater....
They had $50m approx. in CURRENT loans repayable this year.....
My assumption is that they have cash flow issues which the downtime did not help also. So CR possible and Funds getting out at any price...
Fe prices forecasted to go to $72 on the Fin Review Sunday show.
nfe good buy , page-118
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