Well I must say, I'm a little F**king disappointed.
30 June Qtly LNY advised:
"3rd party processing options - the Georgetown Mill is currently being taken off Care and Maintenance with minor upgrades and repairs being finalised with a plan to re- commission the mill during September 2017."
30 Sept Qtly EOPL advise:
"3rd party processing options - the Georgetown Mill is currently being taken off Care and Maintenance with re-commissioning of the mill advised by its operator as being expected to be completed prior to the end of 2017."
LNY are sending a clear message that EOPL is responsible the delay!
If so, this is a disgrace!!
I beseech LNY to explore other 3rd party options, and note -
"Other 3rd party processing plant options are also available and being assessed."
Moreover, I note - "A detailed toll treatment agreement is currently being formalised between the parties, with the expectation of mining and processing still starting this year."
Clearly the historic HoA, between the parties is being reviewed (and "formalised"). I trust non-performance and penalty clauses are added.
Not happy EOPL....at all !!
LNY Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held