transition from exploring to production. Always extremely difficult and rarely successfully done E25 was run on a shoestring. This was the downside of " not many shares on the registry" that everyone on this forum has been raving about. Covid - wont repeat the issues since they have been extensively mentioned on this thread Overconfidence and optimism on JB site.
I have never seen a blatant lie from him
anyway we now appear to be turning the tide both on existing phase 1 and 2 and the upcoming HPSM phases management has been expanded
we are helped by a weak aus$ but hindered by weak MN prices - will just abt make phase 1 and 2 profitable if (and that needs confirmation) the volumes keep moving upwards so the fixed cost element is divided over more tons
as far as i'm concerned too much negativism in current pricing and we are ripe for a T/O
cheers and glta
E25 Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held
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