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29/08/24
17:37
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Originally posted by HotRods65:
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Not really a winning strategy selling a product for less than it costs to produce it. From the quarterly "Presently, the Company expects to shift towards anoperating cashflow neutral position in H2 CY2024" So the best that can be hoped for is "shifting towards" breaking even. wtf. At best the company will be selling product at a loss for the rest of the year, the only ones benefiting from this company are staff and phosphate buyers. It is truly doomed. Might take another year of slow pain but ....
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There is little choice really: 1. Expand production to cover fixed costs to reach breakeven. 2. Mothball the mine. Would you rather they do the latter?