That's a shameful activities report. I know I could write a far better report with more information and none of the obvious omissions. The profitability of January as Joe blow stated is a classic case of omissions ...in other words how was the profit achieved..what expenses etc were paid in the month etc etc etc. In any event what the january production had to do with last quarter has me beat. How about the funding impacted on throughput..since when is that an issue..that is if you are mining profitably..the more you push through the higher the profit...assuming the company has it's cost structures sorted, and knows what it is mining. So to look for somewhere to place blame, while yet again not achieving the much promised monthly throughput of 40,000t/q is just nonsense. The real reason surely has to be because we were mining at a loss, despite getting 6 mil in revenue. Getting cost structure in place is of the highest order of importance. Maybe we were just lucky the price of gold has gone up, otherwise perhaps we'd be a dead duck. The comparisons flyboy highlighted earlier, with the promises of past announcements, are good ones to make as they show we constantly underperform. It's around a year since we had two announcements of weekly record gold pours and the the share price was 1.5c with money in the tin to pay the CR. We've had an 8 mil quarter, and two or three of 6 mil...and we are bleeding money and as a consequence bleed more by ridiculous cash raising/loans when at least two Board members listed equity raising as areas of expertise.
I'm going to read it again, and will look at the forward looking statements related to mill throughput, expected grades, cost structures, forecast profitability...I'll see if I can find them so we know where we are headed...good work so far the Action Group..march on..action is critical to our continued existence.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report
That's a shameful activities report. I know I could write a far...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTL (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.0¢ |
Change
0.000(0.00%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CTL (ASX) Chart |
Day chart unavailable