HAZ 0.00% 4.0¢ hazelwood resources ltd

re: Ann: Drilling commences at Anomaly Hill n... Until the ATC...

  1. 596 Posts.
    re: Ann: Drilling commences at Anomaly Hill n... Until the ATC plant actually produces a cash flow its value is worthless, given the recent history of this company.

    Like others who've stuck with this Company despite everything I can't understand why they're spending hard won money on drilling before they've got the Vietnam plant producing an income. In today's broadcast, Terry Butler-Blaxell indicated that further funding for the plant could be forthcoming once it was proved viable: one would assume that getting the plant up and running would therefore be an absolute priority. It's going to cost millions to supply feedstock, recruit workers and get the plant going. Neither I, nor the market, will be amused if the Company runs out of money before the plant is running.
 
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Currently unlisted public company.

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