AR1 austral resources australia ltd

I think it as was expected, they started mining early Jan, they...

  1. 142 Posts.
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    I think it as was expected, they started mining early Jan, they finally got 1,000t per month Dec (4 months late due to a dozen reasons).
    Always has been debt, mining for 6 months flat out with no revenue means they were always running at a loss.
    no surprises here, plenty of blue sky moving forward, plenty to f tax credits, would I be surprised to see the company take some cash to reduce debt at the right share price ?? Nope. I also would be surprised to see debt consolidated either, more than one way to skin a cat
 
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