I agree with some of the posters here. The company has never made a million-dollar profit despite sales of over 400 million in the last three years. They never report C1 Cash Costs for their operations. For a similar operation, FEX reported a C1 cash cost of A$79.7/wmt with a net average C1 operating margin of A$65/dmt. This company has consistently failed to make money, even when iron prices were over $200 USD per tonne. They always make excuses about expenses and losses. I suspect that some operators within the company are stealing money through exaggerated expenses. The market won't trust this management unless they come up clean and transparent with operation.
I agree with some of the posters here. The company has never...
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