AEV 0.00% 1.2¢ avenira limited

doom and gloom, page-30

  1. 34,916 Posts.
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    with every failure sentiment gets that bit worse. Cash burn is up, and if this gets mothballed you can betchya 20ies will be the least of yoru worries

    Baloney. What failures are you talking about? This will not go sub 20s. If they decide to mothball this, they will still have plenty of cash, much more than most speculative miners on the stock market. I, unlike some, have no problem with MAK delaying the start of production until there is more certainty in the RP price (and it will come). The resource doesn't disappear. MAK have other prospective resources that they can work with in the meantime, and the money they have puts them in a very good position. Many wouldn't like it, and there'd be short-term pain, but cash is king at the speculative end of town.

    MAK just need to continue what they are doing until they have BFS and a total understanding of what RP has to be to be confident of profitability. That way when the time does come it is simply turning on a switch.

    And to whoever it was who couldn't work out how MAK would handle the staff levels and costs. It's simple, if development doesn't continue or is put on hold, reduce your staff levels. Drama queens everywhere.
 
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