HIO 3.57% 2.7¢ hawsons iron ltd

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  1. 507 Posts.
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    Honest as always, my key points

    1 - costs are perhaps 2 to 3 times what was expected
    2 - pause until options are considered
    3 - perfect storm of economic factors or headwinds
    4 - unanimous at board level that announcement was the right thing to do
    5 - need to conserve cash
    6 - banks and investors are sitting on the side-lines, perhaps more hurt to come in economy
    7 - refresh our shares at AGM (not sure what he means by this term?)
    8 - working with contractors on what is sensible to continue
    9 - asset is still in the ground
    10 - demand for product has not gone away
    11 - conga line is still there
    12 - look at lower capex and production targets over coming weeks
    13 - maybe 5 million start and 20 million in future
    14 - it's a necessary pause
 
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