"I suspect they have already begun mining or purchase of third party ore before stock piles run out. It doesnt make sense to get line of credit if not to purchase/mine ore."
I had the same impression as you in the beginning.. but I can't read such a thing on the last ann.
And don't forget.. 3rd party material would also reduce the margin of income.. so this should be a max. 3-month deal if there is one.. In the meantime all operation-repairs, LOM/cobalt studies (2nd stage) should be done perfectly or tgs' 2018 (future) is a deadly history..
A well 3rd quartely performance and a well prepared outlook could show a sign of a possible rebound.. but now we can just do expectations as usual with this ill patient tgs..
- Forums
- ASX - By Stock
- TGS
- Copper
Copper, page-120
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)