My last critical comment for the morning,
Why wouldn't MRC provide some guidance on the ilmenite sale,
The 38,500 tonne bulk ilmenite shipment slated for the June 2022 quarter sailed in July 2022.
i.e This is likely to result in revenues of ~US$7.6mil which will significantly boost the company's cash reserves from $3.8mil to over US$11 mil, we intend to use part of these funds to resolve the issues with the inland strands processing to increase our production and create wealth for our shareholders.
MRC really needs to get someone who can help give these announcements some Wow factor, IMO, they are hopeless with selling the company's story. Just look at TLG, they have pending mining licenses and a MC of over $400mil.
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