I would say the prodcution for the quarter was very disappointing. They led the market to beleive it would be much higher as in their 21st June announcement -
"The processing plant is currently operating well and has achieved a throughput of up to 2,300 tonnes per day, well in excess of the design 2,160 tpd. Recoveries have gradually improved as operations have stabilized and grades increased and achieved just over 80% with a plant feed grade of 4 g/t 4E during the last week."
So they were saying they were producing around 230 oz/day which is amost 7,000 oz/month. However total production for the quarter was only 8,799 oz which IMO is extremely disappointing. They still aren't even achieving 50% of their PGM output after a couple of years!
Luckily I only have a small position.
PLA Price at posting:
31.5¢ Sentiment: None Disclosure: Held