at last some relief for shareholders. Wait until the the quarterly cash flow and it might become clearer.
Hidden in the quarterly activities is the 50m facility being activated, so they now owe 450m. They won't be able to do this again next quarter. IMO take this chance on the screen.
DYOR
The only good news on the reduction in costs is the 100 staff being made redundant and replaced with contractors. Admin costs only accounted for 65c / lb, so there is not much room for improvement.
MBN Price at posting:
52.5¢ Sentiment: LT Sell Disclosure: Held
