.15 Sep 2013 10:49
Taken from prelim full year results June 30th 2013.
Commenting on the results, Jean Nel, CEO of Aquarius Platinum said:
"The year under review was exceptionally challenging for Aquarius, a year in
which we had to close loss-making mines, face disruptive industrial action,
implement an owner-operator model at Kroondal and revise the hanging wall
support regime. Further, we had to contend with on-going regulatory uncertainty
in an environment in which metal prices continued to materially underperform
consensus forecast.
That said, we have learnt much during these difficult times and have emerged as
a leaner and more focussed business, fully intent on continuing the positive
momentum into the new year. As we expect the difficult operating conditions and
low metal prices to continue in the new financial year, our focus will remain
on improving operational performance and cash generation."
Realistic but cautiously optimistic I would say.
Mr Bluesky