Yes just back this morning from a 17day Vietnam holiday - they'll need to get their act in order very quickly operationally otherwise Q4 will be a much bigger disaster given the current copper price - in Q3 they accounted for their 'sales' using $2.78 and now the price is $1.67/lb - they need to stay cashflow positive from their operations but don't see that happening in Q4. All aspects of their business fall into the very disappointing class at the moment and now they're signalling a less than positive outcome to the Mining Contract Review. It's hold and hope - the unbelievable copper price must turn up next year for the shareprice to recover which should coincide with them getting Kinsevere & Dikulushi running smoothly.
AVM Price at posting:
90.0¢ Sentiment: Hold Disclosure: Held
