Ann: Woodlawn Zinc-Copper Project Update, page-3

First 3 Last

Share
Profile

Follow
Berger978456

1,847 Posts.

157

12/03/19

09:48

Post #: 37728892
Share

Originally posted by Gringo141: ↑

Project Development Schedule:At the start of March, Heron was advised by Sedgman that the anticipated date for first ore to be fed to the process plant will be delayed. After seeking clarification on the extent of the delay, the Company now expects the start to ore processing to commence early in the second quarter with first concentrates ready for shipment in May.
Managing Director Wayne Taylor said,“Heron has been very committed to delivering on dates at every milestone of the Woodlawn Project development. As announced on March 4 2019, feeding ore through the plant is the only remaining step in commissioning the project .........We are naturally disappointed by this delay to our development timeline....

Ok, so from what I can gather, all is advancing in the right direction, with just a bit of a delay.

It does however make me scratch my head as to the logic applied by Sedgman in their decision to repeatedly submit progress claims over and above the GMP. If they knew that the delivery timeframe was going to overrun i'd have expected that they'd have wanted to smooth rather than antagonise the relationship with the aim to reduce any chance of being hit with LD's, unless of course i'm missing something?

Expand

No I think you're right. Sedgman have f**ked up big time. Forcing delays means HRR have a real claim against them I would imagine.

HRR Price at posting: 62.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

HotCopper Highlights: Your most watched stocks for Week 46, 2024

There are more pages in this discussion • 5 more messages in this thread...

First 3 Last

Add HRR (ASX) to my watchlist

Ann: Woodlawn Zinc-Copper Project Update, page-3

Top Stories

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Banshee's historic trenches prove rich in antimony and gold for GDM

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

HotCopper Highlights: Your most watched stocks for Week 46, 2024