As I am sure others would have!
Paynes Find, Malcom Day, PNE annual report June-2015
The whole “Review of Operations” is quite damming.
It also appears to confirm what Trumpy71 has been saying!
Some more quotes....
“For the past 12 months the Company has been working on predominantly corporate issues to re-focus the Company’s activities aligning expectations with outcomes for shareholders and Directors.
The technical team has continued to review all the previous exploration and mining data
and the Directors continue to seek to determine what opportunities still exist for the Company at its core gold property at Paynes Find, Western Australia.
((The opportunity that existed was to sell it))
There has also been a focus on correcting ongoing environmental obligations including improving on site safety and aesthetic coherence with the natural surroundings.”
The environmental work in particular has been in conjunction with the Department of Minerals and Petroleum and with the current major site clean-up,
discussions with other stakeholders have begun as to possible end land use should PNE decide not to continue any mining at the currently licenced mine sites.
Economic assessment of the project is an ongoing task with both gold price and operational costs fluctuating during the year. The Company has identified the importance of identifying any resources or resource potential as a pre cursor to any further exploration work and this is a focus for the technical team.”
http://www.aspecthuntley.com.au/asxdata/20150918/pdf/01663120.pdf
