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30/07/20
17:02
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Originally posted by Sweetsound:
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Been here for a while from much higher - not about to quit - just wondered what your views were on that buck since you mentioned 'in time' - some here think it'll struggle to get there - personally I think within two years - though no certainties - mining tends to have lots of variables and ups and downs. Given that the quarterly still is marginal re plant making money - subdued market response is not surprising - even lost on close hence didn't hold on to your expected 5-10% gain - but then does it matter if your target is a buck??
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Sweetsound, The harsh reality is that it is a very marginal business with high costs all round, hence the negative cash flow. The market is only responding to what it knows from the company reporting. I say $1.00 is along way off yet. In saying that they are doing their best, but Zinc producers are no cash cow's that is for certain. I may give it another Qtr, but equally may bail out also. Undecided....