At the rate of loss from the previous quarter it would take over 4 years to burn through that bank. Admittedly that money is intended for the stage 2 expansion though. Take note as well that those reserve levels were as at 31st of Dec, which means even though performance was speckled through the quarter there should be significant stocks on hand awaiting ships.
Agree that there is a long way to go, good to see performance of name plate and beyond is possible but need to get on top of the availability issues.
I don't think the market will like anything other than confirmation of everything going to plan in the current climate - bracing for continued downward action but hope to be pleasantly surprised.
E25 Price at posting:
80.0¢ Sentiment: Buy Disclosure: Held
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