RE:RE:dismal conference call.....I agree that the call was not dismal, but the CEO certainly was - he seemed ill-prepared, bored, vaguely hostile to the analysts, and gloomy. Not your typical exuberant, confident CEO.
The good news is that Q4 2017 and H1 2018 will see very srong production at RC and improving results at MP. Some low-grade clay material will be blended at RC in H2.
The mine plan for 2018 (and potentially the out years) will be disclosed in early 2018.
III is not up for sale - no data room, but management would consider offers. We can only hope.
According to the CEO, they are not working on a long-term financing plan, they are waiting to see how things work out in 2018 - this is surprising and alarming. The biggest threat to III are the looming huge maturities in 2018 and 2019, but management's response is ho-hum.
I remain confident in the value of III, but it's not easy!