AR1 0.00% 16.0¢ austral resources australia ltd

Ann: Austral Resources Appendix 4D and Half-year Report, page-12

  1. 8,691 Posts.
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    The point is Dan needs to stop burning the candle at both ends , there's no fail safe here any serious issue and it's all over .
    If Dan wants to keep exploring then he needs to start tolling the sulphides to support it , then the plant can have a decent crack at paying down the debt .
    Australia moves into a El Niño 5 year cycle this summer so it's definitely possible for AR1 resolve all , but Dan has to stop with the entrepreneurial fantasies and go back to basics .
    Then possibly with some luck AR1 might hit some decent oxides and Cu may final get that rerate that everyone's been taking about the last 3 years and who knows build a war chest to process the sulphides in house .
    Anyway it's all very very fine margins atm in my opinion , they way it sits now Dans gotta get smarter and think outside the box , doable but won't happen overnight .
    GLTAH TT
 
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