A quarter of ramping and fine tuning. It will be the best yet but won’t be amazing, nor will it be representative of where things are at. The company indicated 90% of nameplate performance in June and an ongoing trend to improvement. Recoveries will also be interesting as will how close to guidance costs are running.
hopefully the company will set clear expectations for performance over the coming months. If we can document open ended debt facility and an ability to stay cash flow positive including interest payments then things should tick along until stage 2/debt refinance/spod price recovery can occur.
IMO lots of downside risk priced in already.
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A quarter of ramping and fine tuning. It will be the best yet...
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