2 months ago Mr Brown said an announcement on expansion plans was 'weeks not months' away. 2 months Mr Brown, what gives?
Do we assume the capital cost is too high? Or perhaps the economics don't stack up?
Surely the only sensible option is to shut down, put the plant into a care and maintenance mode for the next 2 years until the USA facility is constructed, use the product ourselves and stop the bleeding of cash.
Quarterly due this week, only 1 shipment for the quarter?, $5-$10 million loss?
What a sad state of affairs.
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| E25 (ASX) Chart |