Trying to put lipstick on a pig again?
The fact is according to the report, and yes I read reports.
1) cash costs will be higher in Dec qtr
2) sales will be lower in Dec qtr
3) The amount received will be at least US$10/tonne lower, on current trends it could be US$15/tonne less as the current 65% price today is US$101.10/t CIF China
There is only $60 million left in the kitty after $62 million slipped through their fingers, how much money will be left after the December qtr? ZERO ( $0 ) at this rate of losing money.
MGX Price at posting:
38.5¢ Sentiment: Sell Disclosure: Held
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