They have to say there is a material chance they dont make it the next 12 months. Everyone here knows that anyway, hence the share price.
If coal price dumps further, further production issues, CRN will fall over before 2027.
In response to your previous queries, they cant relax capx. Right now their only way out is further in. Their future cahsflow relies on more cheaper tonnes, which arent going to stanwell.
The key question right now is whether anyone will give them any more rope. Everyone knows that at this point. It's in the share price. We can all flip a coin.
It's in managements hands now to negotiate some more breathing room while they work on the expansion.
CRN Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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