B2Y 0.00% 2.9¢ bounty mining limited

Ann: Rail Capacity Upgrade Delivers Planned Cost Saving, page-3

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  1. 35 Posts.
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    "5th Continuous Miner on track for early September An additional sumping1 machine is scheduled to go underground at the end of August, which is expected to increase the mining rate to the nominal 1Mtpa run of mine rate from 6 September 2018. Bounty is currently on track to achieve its target of 2.2Mtpa run of mine production in line with its production forecast for June Quarter FY19."

    Excerpt from this report.

    I believe some read the quarterly report as a negative, possibly believing B2Y to be behind their forecasts. This update surely prompts for people to redo their maths. B2Y running at 1Mtpa put the SP well above the current .29c.

    Possibly the SP is being affected by traders or just lack of volume? Interested to hear why others think it's been is this slow crawl down below the .30c mark
 
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