They hinted at a comparable reduction in plant CAPEX to the improved recovery rate of vanadium from 90% to 98% however they don’t quantify a decrease in CAPEX.
If there is a material decrease in CAPEX of $126M (15%) as the bar chart suggests, it needs to be disclosed accurately to the market in absolute terms, not hiding in a graph.
If this is the case, amend the slide so CAPEX reads $844M, not $970M or remove the slide as it is misleading and confusing.
Given we have such a high financing hurdle to overcome, a $126M reduction in that $1B hurdle is something to put up in headlights in my experience.
Given yesterday’s debacle, I’m looking for clarity. CAPEX of $970M or CAPEX of $844M?
Maybe you can put in a call Morry.
Ann: Replacement presentation - Diggers & Dealers, 2016-TNG.AX, page-43
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4.6¢ |
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Mkt cap ! $81.11M | |||
| Open | High | Low | Value | Volume |
| 4.6¢ | 4.6¢ | 4.5¢ | $49.49K | 1.077M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1037242 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 60870 | 2 |
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