Not correct! Your statements will not be more correct if you repeat them incorrectly several times! There was a loss, but not as you stated and calculated for the future:
Simply put, ELEMENT 25 received around A $ 5.4 million for 27,000 tons last quarter, but produced 47,000 tons. So one should actually count the production costs on the 47,000 tons, not on the 27,000 tons sold.
Thus, the quarterly loss would probably only amount to around A $ 2 million. especially since there are around 20,000 tons of concentrate ready for sale on stockpile
had lying.
Please do not forget that E25 is debt free and currently has 19 MILLION AUD cash.
The current situation is not nice, I don't want to portray it nicely either, but the management is working on optimizations and we will see in six months whether we can get the problems under control.
The fact that you already advised to sell the E25 shares at AUD 0.10, I had already posted the corresponding screenshots here, does not make your appearance here any more believable!
Many Greetings from Germany!
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