Ann: ACTIVITIES REPORT FOR THE QUARTER ENDED 31 MARCH 2018, page-7

5075t at spot on a $1 per pound profit. $11.2m operating profit for the quarter, not too bad. If they can conservatively get production up another 10% and costs down 10% that would be close to $60m a year operating profit at current prices.
Surely they can service $212m of debt on that basis. Throw in the cobalt expansion and things could actually be looking pretty darn good! Am I'm missing something here??
Why on earth are they looking to sell for peanuts rather than recapitalize us beyond me.

Yeatesy.