Volt, you said "Wouldn't you want to be the supplier of last resort with supplies you could dribble out at prices you can set."
I presume you mean it's better to keep our mining to minimum and wait until prices are higher. That's fine if we can prevent our debt from getting out of hand. That's pretty much been the strategy up until about two years ago, and to some extent now as the debt is still manageable. However, if our debt gets too high we have no option but mine more. Otherwise even just the interest payments of the debt will become overwhelming, leading to a disastrous outcome on our markets. The better approach is to reduce debt by spending less but I can't see that happening any time soon.
- Forums
- ASX - By Stock
- fiery friday
Volt, you said "Wouldn't you want to be the supplier of last...
-
-
- There are more pages in this discussion • 81 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,777.7 |
Change
95.700(1.25%) |
Mkt cap ! n/a |
Open | High | Low |
7,682.0 | 7,795.1 | 7,682.0 |
Featured News
XJO (ASX) Chart |