B2Y 0.00% 2.9¢ bounty mining limited

Ann: Bounty shares coming out of escrow, page-14

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  1. 121 Posts.
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    Agree. And even the December quarter target of 190 kt will be highly dependent on machinery availability. They said they were having significant availability issues with the hire shuttle cars, and even though they have 2 new / additional ones that presumably have now arrived, there is no guarantee they will be any better.

    The Prospectus said they would have 6 units running this quarter generating the 390 kt of ROM. The September activities report forecast 4 units running and 190 kt ROM for the quarter. So wrt forecast vs Prospectus that is 67% of the mining equipment resource producing at just under 49% of the ROM output - not a convincing scorecard.
 
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