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19/02/24
13:38
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Originally posted by Seafood:
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MRC is in a death spiral. They are unable to generate any significant free cash flow while the problems and bills keeping mounting up. Unfortunately, this is not a brief shutdown of operations Spid. That happens very often in mining after for example a rain event when the ramp becomes temporarily inaccessible. That doesn’t require an announcement. This is a production and guidance update and therefore much more significant. From memory the water issues will be resolved end of next quarter, but I have my doubts that they will meet that target as well.
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Seafood, do you reckon this Ann is to soften up holders for another cap raise in the near future? IMO