The announcement sounds quite good to me... a) 68% Fe IO production achieved b) 8Mtpa Nameplate production reached (even if not a steady one).
I think, in the previous announcements, KML guys have always been overoptimistic about their capacity to turn on such a big and complex plant smoothly and quickly.... and I fully comprehend now their "cautions" on steady production and positive cash flow ... At least, this time, they seem to have learned the lesson that "it is better NOT TO PROMISE MARKETS TOO MUCH..."...
GBG Price at posting:
16.5¢ Sentiment: ST Buy Disclosure: Held