Im not sure they really have a choice but to keep the roaster operating. The debt levels are hovering around the market cap, cash and bullion held is the lowest in years, bilbani and Ravenswood have been sold so not many assets left to sell, and would many financial institutions be particularly excited taking a third mortgage on an asset co owned by a government in a country with high sovereign risk and has a proven track record for over 10 years of not providing a return for shareholders with production dropping 20% and operating costs rising 20 %. I cant see how they ever had the luxury of a planned roaster shut-down to start with considering the crippling impact of the last unplanned roaster shut-down. will be interesting to see if RSG bounces off current new lows and if it doesn't what level will the new support level be
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Im not sure they really have a choice but to keep the roaster...
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Open | High | Low | Value | Volume |
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---|---|---|
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Price($) | Vol. | No. |
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1 | 70000 | 0.520 |
4 | 153688 | 0.515 |
8 | 91531 | 0.510 |
5 | 40849 | 0.505 |
9 | 106150 | 0.500 |
Price($) | Vol. | No. |
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0.525 | 30747 | 3 |
0.530 | 156600 | 4 |
0.535 | 618649 | 2 |
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0.545 | 132935 | 7 |
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