MRX 0.00% 0.7¢ matrix metals limited

Smoot - Matrix cash flow, page-4

  1. 392 Posts.
    Smoot,

    Hope you are correct. I had assumed that making an announcement that effectively said the company was out of cash would cause the share price to fall but there has been no real change today.

    The cost to mine and process the copper has exceeded the price they are getting for it for some time. I assuem you believe that the ore they have stockpiled will be able to be profitably processed?

    Thanks for your response. Do you believe that longer term they can run this business cash flow positively?

 
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