Australia's largest stock trading and investment forum Australia's #1 stock forum

CZL

Click for more information

0.00%

4.8¢ consolidated zinc limited

Happy to hold this one as directors have increased their...

First 15 Last

Share
Profile

Follow
F6T

849 Posts.

19

08/11/18

13:59

Post #: 36433691
Share

Originally posted by PinkDiamonds ↑

There are 4 points that explain why:

1) The focus is on opening up more stope work areas to access ore.
2) Equipment availability and utilisation were below expectations as the contractor established support services and systems at Plomosas.
3) Stope production was restricted due to maintenance issues causing limitations on decline haulage and transfer of the ore from stopes to the loading pocket.
4) The bypass is expected to be completed during November. This will remove the bottleneck for the transport of ore to surface, allowing for increased ore haulage with larger, faster trucks that are being mobilised to site.

Once the above short term problems are solved the numbers will go up in line with targets. A few hiccups but nothing to stress about in the long term at this stage.

Feb - June is when I'll be expecting stronger numbers and if they can't deliver by Feb - June I'll be out.

gla

Expand

Happy to hold this one as directors have increased their holdings recently.

CZL Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer’s drug could change the game

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

HotCopper Highlights: Your most watched stocks for Week 47, 2024

There are more pages in this discussion • 24 more messages in this thread...

First 15 Last

Add CZL (ASX) to my watchlist

SPONSORED BY