CCU 0.00% 5.8¢ cobar consolidated resources limited

Ann: Quarterly Activities Report , page-34

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  1. 2,388 Posts.
    The quarterly shouldn't really have been unexpected.

    I guess what was disappointing was that December production, although better, wasn't that much better than what was achieved in October. i.e even though grade control was rectified and high pressure systems installed they're still only pouring half the silver they need to.

    Adding in the concentrate gives them 145,000oz for December which is 70% of target production, so getting better. If this total was poured I think the market would have been happy but it looks like they have a smelting issue now.

 
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