corbine, redkenobi & guys4 Jan 2011 22:30
any idea of a plan to raise production a.s.a.p. or when all dredges will be in fully operational? can't seem to find news of this anywhere, specific to a certain date as a target. the overdue contracts from 2010 flowing into 2011 will cause the share price to continue being depressed or maybe even drift lower until those contracts are cleared and they can sell at current titanium prices. i'm assuming this is why KMR rose but not TXR. so the sooner they can ramp up production and increase revenue, the better. but i can't seem to find any targeted time frame or month. if production continues as they currently do, i don't foresee any movement here for the next 6 months, assuming TXR can successfully clear the backlog of 34,000 tonnes within 6 months.
anybody seen any management declaration on time frames to increase production rates?