Seems to be two camps here. One negative with the outlook we are bleeding money and one positive that we are around break even.
Look I am in the break even camp but what concerns me going forward is that the price we get for our spod seems to be heading in the wrong direction and after a quarter where I think we may have made strong improvements in our production costs and I am hopeful we will be around the break even mark which will be a positive, I am just not sure if our cost structures can continue to improve at the same rate to offset the reductions in selling prices
So I am cautious and a realist.
Would love to hear thoughts from the break even crowd on how we further improve our cost structures after this expected period of improvement . Eventually the pricing for spod will turn around but have we got the staying power to see off this period of depressed pricing?
Will hold for quarterly and reassess then.
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