Honest as always, my key points
1 - costs are perhaps 2 to 3 times what was expected
2 - pause until options are considered
3 - perfect storm of economic factors or headwinds
4 - unanimous at board level that announcement was the right thing to do
5 - need to conserve cash
6 - banks and investors are sitting on the side-lines, perhaps more hurt to come in economy
7 - refresh our shares at AGM (not sure what he means by this term?)
8 - working with contractors on what is sensible to continue
9 - asset is still in the ground
10 - demand for product has not gone away
11 - conga line is still there
12 - look at lower capex and production targets over coming weeks
13 - maybe 5 million start and 20 million in future
14 - it's a necessary pause
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Honest as always, my key points1 - costs are perhaps 2 to 3...
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1.8¢ |
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Mkt cap ! $18.29M |
Open | High | Low | Value | Volume |
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6 | 835762 | 0.017 |
10 | 1697562 | 0.016 |
8 | 2256000 | 0.015 |
5 | 425713 | 0.014 |
Price($) | Vol. | No. |
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0.020 | 1032479 | 9 |
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0.022 | 1000 | 1 |
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