RE: The markets are absolutely dead !!30 Aug 2019 10:36
The best we can hope for is that everything that the company has been saying actually comes to fruition. Never forgetting this is a documented 10 years power project that would have been totally destroyed by the TGov/MEM government if it wasn't for the company's foresight, and that foresight is the ON LY REASON we are still in business. Consequently we have a revenue producing coal mine against ALL the odds.
Two months ago the company said they are on track to become cashflow positive within the next 10 months (currently 7-8 months) targeting an initial 6,000 tonnes per month which we consider to be a breakeven level, increasing to 10,000+ tonnes per month thereafter.