Extracted from the Financial Report for 30 June 2019
From ann. titled Update on Partnering Process and Revised Stage 2
Comment (the following is my opinion):
- The expected ramp up in Oct coincides with the lowering of iron in product
- Company is still trying to sell the off spec product
- They're lowering production of the off spec product because our clients don't want it
- Cutting costs by reducing processing activity using stock to try generate as much cash as possible
- CR as contingency, as early as possible due to weak market outlook
- Costs expected to go to $350/t after Mid Oct
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- Ann: Financial Report for 30 June 2019
Extracted from the Financial Report for 30 June 2019From ann....
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