Greetings fellow Melbournian. You live in a beautiful part of the city.
Not much to like about 29M unfortunately. Capricorn mine restart still up in air. Zinc offtake price entered at a considerable discount to spot. Golden Grove Gossean Valley development project will require plenty of capital to develop into an alternative ore source to fill their GG mill. Tailings dam urgently needs lifting. At current cash burn rate 29M will need a lot of luck over the next few months to avoid administration IMO.
WA8 Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
