Mine Management Plan was approved 11/07/2018 and fresh ore was only starting to be mined from - Excalibur,Gwain, Ywain, Ector and Kaye from end of that month. If you are thinking the mine would be profitable after 5 months without the full installation of new equipment you gotta be kidding yourself. Be sure to stay away from most ASX small caps as it takes a long time to become anywhere near profitable. To date they have never significantly ramped up mining activities extracting fresh ore and 2019 is the year with everything in place.
The suspension purely relates to a dodgy old loan the market digested a long time ago and is just a toothless ASX distraction from the main game.
Ann: Quarterly Activities Report, page-35
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
