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2.5¢ group 6 metals limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-11

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Boursebandit

1,298 Posts.

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29/08/24

05:30

Post #: 75424750
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Originally posted by Foibles: ↑

I've not noticed G6M until a week or so ago when I read of them (somewhere, can't remember where)

my guess is this is the old KIS...did KIS themselves become insolvent, or rebrand or get acquired by G6M?

this does seem like an entirely fraught operation.

can anyone give thoughts on why it is struggling? My understanding is that tungsten is an immense global focal point right now...so how can this operation be in such a parlous state?

* logistical challenges?
* poor management?
* poor grade or low volume production?

Expand

Lv production. Costs a lot to mine due to the toughness of the ore. Uneconomic and yield issues unfortunately. I think also (could be mistaken ) that the ore body is not the best for the type of operation… I lost a heap on this one too.

Last edited by Boursebandit: 29/08/24

G6M Price at posting: 2.8¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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