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10:34
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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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From the report;
