Thanks guys, good replies. I have been back to look at the...

Thanks guys, good replies. I have been back to look at the Matrix website and from what I read TS has picked up another bargin. I think the plant was upgraded to about 9000 tonnes at a cost of $5-6m. TS bought the lot for $8.5m.

My estimate is that is that annual revenue would be $60-70m. Not sure about profit.

Receiver may be daling with Glencore who was owed money by the look of things and had an offtake agreement with Matrix.

TS no doubt will make this a winner and they may recapitalise the company judging from the statements by the administrator.

IT will be interesting to watch. Any one any idea about annual profitability?


Ralph M