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1.79% 5.7¢ greenwing resources ltd

re: Ann: December 2011 Quarterly Report of Ac... I interpret...

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  1. Currambene
    192 Posts.
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    14/02/12
    20:37
    Post #: 9693037
    re: Ann: December 2011 Quarterly Report of Ac...
    I interpret this as good new!

    Quoting from the article

    "On Thursday Bass Metals managing director Mike Rosenstreich said without "scaling down" the workforce and "accelerating mining of part of the ore body" to increase cash flow there was a "potential impact on our longer term capacity to meet secured debt"."

    This means that management is making tough decisions to reduce costs and keep the operation going.

    Looks like we keep the farm for while! Whew

    I just wonder what spin Bass is going to give to minimise the share price dropping when relisting












    BSM Price at posting: 8.3¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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