actually surprised its holding up so well, but I think the mega rally from last QTr will eventually unwind
additional impairments as predicted. ,,,,monster loss from a profit in 2019 - huge swing
costs rose despite their strange predictions that costs would somehow drop with lower production and mixing
failed completely to reduce sell stockpile in 2019 despite their stories of shipping all organised late 2019 for mainly second half 2019
costs will rise with significantly lower production guided
2019 the year they produced more than they sold despite assurances
If they have 65000t on hand and are slowing, imagine the excess stock in market will cap prices.
rally from 80's will eventually unwind.
on cash impairments are simply losses in a previous period of money spent.
Ann: Quarterly Activities Report, page-44
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