“ GXY's plan for the year for Mt Cat was to preserve cash by co-processing stockpiled contaminated ore, with the intention of getting through 2020 without Mt Cat draining any of the company's cash. Tough times, tough measures. It appears on track to achieve this (neutral/positive CASHflow from Mt Cat for 2020) afaict. GOOD. “
Are you are implying because they reported a small net negative gross margin of (7) per ton sold - a big improvement on the negative (61 ) in the previous half you are saying are on track to be neutral/ positive cashflow from my car for 2020??? Yes no?
Am I correct to assume this is how you
Came up with the above outlook?
thanks
GXY Price at posting:
$1.24 Sentiment: Sell Disclosure: Not Held