Jeepers the acting CEO was not game enough to sign off on the quarterly report. Must be expecting a palace coup to turff out the non-performing management.
Company barely making any moolah, has increased its borrowing but also claims to have have increased its cash /bullion on hand. They do not tell us what their level of debt is, so its unclear if they went backwards after accounting for movements in working capital. That should be revealed in February when they are required to release their half yearly accounts.
No guidance given on 2019 production and AISC - this really stinks.
Note the forewarning of less ore being hoisted via some shafts as those areas are being worked out - could mean that at best they will just about maintain the current level of production.
No mention of future capital requirements - eg for an extra shaft/s.
Well at least when they report next quarter we will know how much ore the E8 shaft has hoisted, I hope.
Captain Teo - please bring in the relief cavalry, and have a full board of directors renewal. Many thanks.
loki (I am not shocked in getting more of the same - its to be expected here)
Jeepers the acting CEO was not game enough to sign off on the...
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