I disagree KK, we know MNE's SP in comparison to its peers has been punished relentlessly for delays in getting things up and running and poor/mis communications around what is actually occurring at El Roble. This is all changing rapidly with the company working hard to improve all of these issues and as EB pointed out in a recent post even the drop in CU prices should have little effect on the company due to the increasing US $ (which the company gets paid in) and low AUS $. With
- ore tonnages to the mill increasing rapidly over the coming weeks once stoping begins at SS
- Paraguay starting to contribute towards increasing ore deliveries
- new machinery arriving onsite to assist in improving productivity
- cash flow coming into the companies coffers
a rerate of the SP has to occur providing their are no surprises/hickups along the way.
Interested to hear your reasoning as to why you think this is only good for LT holders ?? Cheers H
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Simon Kidston, Non--Executive Director
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