GREY:NATUF - Post by User
Comment by
wcarcrosson Mar 03, 2011 2:16pm
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Post# 18226593
RE: RE: RE: Q1 results
RE: RE: RE: Q1 results
As I've already stated, I'm encouraged by the report.
The mine was brought back into production during this short periode, and one had to expect losses.
They built concentrate inventory, and STARTED marketing tungsten. I expect a healthy positive cash flow from Can Tung for the remainder of the year as sales and production come into balance.
I also believe that the downstream company will do well as the tungsten is now available to it.
No one likes to see share dilution, but it was necessary to get them in compliance with their debt terms, and get them over the hump.
Should be smooth sailing now.
I