OTCPK:NNDIF - Post by User
Comment by
ljp0101on Apr 09, 2022 5:14am
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Post# 34590264
RE:Snatching defeat from the jaws of victory - Phase 1
RE:Snatching defeat from the jaws of victory - Phase 1I like how PR implies they don't actually know what Q1 production was a week into April. Note they downgraded guidance by 15kt but only ~9kt was lost in Q1 so issue will linger into Q2 numbers, at which point we get to see if the expansion impacts production. Good news is they didn't mention working capital issues and lost production plus Glencore channel stuffing ahead of TCRC rise presumably bloated inventory.