RE:Wowza Bit of a smoke and mirrors, IMO. The numbers look good until you read them more closely. $1,100/tonne fertilizer prices gave cover to a few problems.
They lost 600 tonnes of nickel sales and 150 tonnes of cobalt sales. That's about $36M of lost revenue. Goes to show how dependent they are on China for sales. Would like to hear how they're diversifying customer base.
Worried about their cash position and how much cobalt prices have dropped. S ended up with about $30M of cash in Canada. Cobalt is now at $25/lb. Likely means we'll see a financing deal soon.
Will listen to tomorrow's call.