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06:52
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Originally posted by Whisky49:
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From a fundamental perspective other than indications the price of Spod may have bottomed which is very encouraging, not a lot has changed. As per LD in his presentation, the next 18months are all about improving the performance at NAL and reaching break even or better, which is another way of saying we are still losing money. That itself should not supprise anyone, at the moment its more about keeping losses to a minimum with the intention of getting through this downturn on existing cash if possible.
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i should also add that any expansion of production at NAL also leads to the likelyhood of an expansion in the size of any refinery at NAL or wherever. Like many plans they evolve over time as more is understood and technolgies improve.
(20min delay)