Fellow Venturians, I have stayed away for a while because the whole HC posts with the exception of a few has turned to shite.
To answer the question, in my opinion, regarding when can Riley recommence, the answer isnt just a number it comprises 4 components as I see it.
1. Price of 62 FE - ideally around $130USD as you know we are sitting around $100USDT
2. Discount on the price of 62% FE to 57% FE - Ideally sub 30% discount - Currently around 50% discount
3. Australian Dollar - Currently working in our favour was around 75c. now around 71c - stand corrected
4. Cost of shipping per ton. - Was $52+ per t, I believe back in the $30 / $40
If someone wants to be construction set up a spread sheet with the above in it and post that once a day, that would be useful info.
AR and the BOD can not control any of the above the only thing they can control is when the above ducks line up to push the green button on the wet screening plant and turn the key in the trucks.
I will now go back into hibernation and watch everybody shoot me down. There is only 4 other people who have lost more on paper than me at the current share price (high of 16c) so why don't you get behind the Company and look at the positives moving forward.
PS Merry Christmas and a happy new year to you all.
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