Not good. But that was to be expected. Not sure if this is bad enough to take it back below 30 cents.
The management don't seem to be doing much to create new business. We are still a very high cost producer despite slightly better recoveries. POSCO JV pushed back even further, unlikely it will happen until 2021 or later because of market conditions.
A positive announcement would have been nice.
Ann: Quarterly Activities Report, page-12
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