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05/03/16
05:29
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Originally posted by m0ngy
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robust profit margins raider?? Cost of production $700 a tonne, hope that includes sale costs, across the range is very high on the international market. Fines are only saleable way below that COP so there's a loss that the other grades have to make up. Industrial Minerals reports medium flake down yet again this year large and jumbo steady and it's still a buyers market. No one is queuing for flake these days and who would buy it from a company that could be insolvent at any time? The threat of insolvency is a massive hinderance now and will prevent the company establishing the relationships it needs to be profitable. I just can't see the positive future for the company and i would think the share price collapse when it comes out of suspension will be rather large.
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What a farce, how were they allowed to rack up this much debt? The details in this release of opex and capex throws yet even more questions about the IPO document figures and latter releases.