There are high hopes of lifting the high taxes on US polysilicon after the Phase I trade agreement between the US and China, which seems to have forced management to rethink its decision regarding Moses Lake. Changing the accounting method for the Yulin JV looks to us like a confession of loss of control in the JV. Our profitability expectations were higher as we had expected lower costs for the remaining operations.
14 Feb 2020
Still burning cash in Q4
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Still burning cash in Q4
REC Silicon ASA (0FS8:LON) | 0 0 0.0% | Mkt Cap: 1,187m
- Published:
14 Feb 2020 -
Author:
Martin Schnee -
Pages:
3
There are high hopes of lifting the high taxes on US polysilicon after the Phase I trade agreement between the US and China, which seems to have forced management to rethink its decision regarding Moses Lake. Changing the accounting method for the Yulin JV looks to us like a confession of loss of control in the JV. Our profitability expectations were higher as we had expected lower costs for the remaining operations.