I dont closely calculate profits, cc.
Matsa output is marketed under contract by Trafigura who may or may not pay spot.
Sales and profits will be up, directed firstly at debt repayment, so a stronger balance sheet. Whether a bump can be seen as at 30 June will soon be revealed.
On capex, BH & team have more useful opportunities than ready cash. They were doing a tightrope walk up until the Cu price rise.
Many options now, including M&A.
Ash
Ann: MATSA Mineral Resources and Ore Reserves Update, page-11
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$11.41 |
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| Open | High | Low | Value | Volume |
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| 6 | 14160 | $11.35 |
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| Price($) | Vol. | No. |
|---|---|---|
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