BNR should have about 250k coming in for this quarter..
CM1 went into a TH - The trading halt is requested pending release of an announcement regarding the sale of minedore stockpiles.
CM1 - Suspension
- On 6 February 2019, CM1 requested a trading halt pending release of an announcementregarding the sale of mined ore stockpiles.
- As noted in the Quarterly Activities Report released on 31 January 2019, higher than expectedgrade variability and mine dilution within the supergene ore zone at the Geko mine haveresulted in stockpile grades falling significantly short of the expected mine grades.
- It has now been determined that the mined ore stockpiles recently mined in January are notsuitable for sale under the previously announced Ore Sale Agreement with NorthernStar. CM1 continues to explore opportunities to sell these stockpiles (and other lower gradeoxide ore stockpiles) to other parties.
- CM1 is in further discussions with its mining contractor, SMS Innovative Mining, about furtherpotential amendments to the arrangements between SMS and CM1 (as announced on 17December 2018 and in the Quarterly Activities Report released on 31 January 2019) andvariations to Stage 2 of the Geko mine plan.
- CM1 is also in preliminary discussions with various third parties about potential short termfunding arrangements, none of which have been finalised to date.
BNR expect to spend 780k this quarter... with 600k to TML even tho they terminated the contract.. BNR need to get involved with CM1 management, they do not know how to run a mine like PNR...
CM1 are in trouble.. scrap the Northern Star agreement and find someone else to sell the ore to. GOLD prices rocketing and they cant sell there ore with gold in it.. WTF?
Good luck all..
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BNR should have about 250k coming in for this quarter.. CM1 went...
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