Well done Hazelwood for being honest about its problems but the fact that it hasn't been able to manage its finances again after the previous debacle (build a plant and have no money to run it) does not fill me with confidence; furthermore, it seems we are going to be diluted again to solve the latest crisis!
I'd love to get out but still have the hope that I'll lose less by staying in!
Let's hope that the world requirement for ferrotungsten picks up next year and gives the Company the market it needs to become cash positive.
The open statement of the problem at least indicates that the new management is hopefully tackling problems head on rather than hoping.......
HAZ Price at posting:
1.9¢ Sentiment: None Disclosure: Held
