A40 is one of the highest cost producers in the industry and probably need a Spod price of US$800 or above to make any margin in foreseeable future.
With the massive debt burden(compare to the size of its balance sheet) and mandatory interest payment, no way it will attract any premium, profit (if any) is minimum 3 to 4 years away.
The company is on the drip, some would said on "life support", even 1 in 20 , GXY shouldn't touch it with a barge pole unless a partner(s) is secured for SDV where excess funding is available.
- Forums
- ASX - By Stock
- GXY
- Banter and General Comments
Banter and General Comments, page-9095
-
-
- There are more pages in this discussion • 11,937 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online