Yep, labour costs money when they are still on the payroll and they are not producing much.
either C & M or burn more cash.
I think some corporate activity may come about in the next 3 to 6 months.
Aus. Super selling down 10% of its equity to a joint venture partner, who will also sign an offtake from Balama or Vidalia (or both). And a 10% sale would certainly be worth far more than the current price of a paltry 23 cents. A real possibility.
Many are right about Mr Verner. He has had too long and not delivered. Maybe this quarter could be his last chance at redemption. Lifting the flake portion of production to 25% may help; and finding a buyer for fines - even if the buyer stockpiles for future.
Let's see.
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