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11.5¢ valence industries limited

I think parts of that are because they are not allowed to tell...

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windlove

1,116 Posts.

5

22/07/15

13:26

Post #: 15674454
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Originally posted by m0ngy ↑

The problem here ausheds is what happens to the unsold mineral. Let's say (for the sake of argument) that 70% of production is sold making a $300 estimated profit on each tonne. That translates into profitability if and only if the remaining 30% can be sold for at least 70% of the COP. If it can't be then the overall COP rises and reduces profitability on the coarse mineral being sold. The last time I looked at Industrial Minerals price guide fines were down to $300 a tonne and medium flake $500. So the company needs to tell us what the deal is for all their production.
As usual we get told part of the picture and then have to estimate/ guess.

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I think parts of that are because they are not allowed to tell us what the deals are as CD responded in an interview before. So whether VXL is profitable or not, we probably can guess in the next account report?

VXL Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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