Can you show your calculations? I cant see how you can say this given the info in the 5B.
All I see is a mine in start up establishing customers and with their current, and not future, production they are not covering costs. That happens at the start of any mining op.
Once they get going you will see less commentary than they have given out in this update. Buyers are smart and can work out inventory levels and drive a hard bargain on price if they see weakness in your cashflow knowing your inventory levels.
Again , this is common in all commodity producers that sell on spot.
Management here needs to get smarter about this.
Can you show your calculations? I cant see how you can say this...
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $35.14M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.5¢ | $32.75K | 935.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14142 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 97198 | 4 |
View Market Depth
| Last trade - 13.02pm 28/05/2024 (20 minute delay) ? |
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Last
3.5¢ |
Change
-0.001 ( 2.78 %) |
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| Open | High | Low | Volume | ||
| 3.5¢ | 3.6¢ | 3.4¢ | 321046 | ||
| Last updated 15.09pm 28/05/2024 ? | |||||
| G6M (ASX) Chart |