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23/01/15
16:01
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Originally posted by grandcaruso
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I didn't really get much from that qrtly review or as much as I was hoping. Cash balance went back $2m which given where they are in the production isn't an issue. Zircon production/sales only come online late in the quarter so they should add substantial revenue in the future. Ilmenite/titanium slag/pig iron production is consistent and ramping up. Prices for these are subdued but consistent with previous quarter. Zircon prices holding up but nowhere near highs. From commentary prices received seem to be little changed since Sept Qrtr. Given all that the question that remains is why has the share fallen since the end of Sept from $1.4 to under 80c.
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Liquidity a killer on this one, ironically the same as TGZ which used to be part of this company or was it the other way.