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UY Scuti

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19/01/19

14:04

Post #: 37163907
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Originally posted by UY Scuti: ↑

Agree with your comments there Sharpey.

Another thing we (or I) need more information on is Water.

From the Offtake Restructure announcement there was a shortage of water that impacted production in the last quarter, but it sounded like it has been resolved by 'improved water management'? However, where are we sourcing the water from?

I raised the issue of our Groundwater license expiring in September last year: https://hotcopper.com.au/threads/ann-merger-update-scheme-booklet-registered-with-asic.4370525/page-240?post_id=36057453

From @luanboo meeting notes with MC (the following month, Oct '18): "they have gotten the necessary extension to the license. Mark said we are using less water than originally estimated. Non-issue."
https://hotcopper.com.au/threads/ann-merger-update-scheme-booklet-registered-with-asic.4370525/page-5#post-36110627

Looking at the water license details: https://maps.water.wa.gov.au/#/webmap/register

The Ground water license is now held by Austral Pacific Pty Ltd? Have we negotiated with them to use the water? And the license is just under their name? Maybe we'll get an update in the Quarterly?

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For some reason can't upload the image for water license. See here: https://twitter.com/UYScuti_HC/status/1086458769213554688?s=19

A40 Price at posting: 21.0¢ Sentiment: Hold Disclosure: Held
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To Hold or to Sell, page-14

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