RE:A new 52-week low
The Q1 report will contain several bad news. Record low Vanadium prices coupled with low production volumes will lead to very disappointing revenues. At the same time production costs are likely to reach a new record high (all-in costs per pound produced). Also it's likely tol become more obvious that the Ilmenite plan won't reach previously stated nameplate production rates without significant upgrades. Cash dwindles at record pace while maturity dates for 75M of debt are getting closer by the day.