re: Ann: Twin Hills Operations and Production... The forward sold price could be $100/oz but if the company can't deliver to the bankers what they say when they say then the price is irrelevant.
The company should provide more details about these hedging contracts especially given problems of the production ramp. How much silver was agreed to be delivered in the March and June quarters?
And no, this isn't just a matter of rain as the following quote from Feb 22 suggests.
I'd be keeping a close and critical eye on this one fellas... and demanding more details about production, monthly updates until they reach steady state....
"While the operation has recently achieved production rates in excess of 3,100oz of silver per day, there has been a SLOWER THAN ANTICIPATED ramp-up in RECOVERY RATES. During this ramp-up period, the Company is continuing to undertake optimisation work on heap flow rates and reagent addition to maximise silver leaching kinetics from the heaps. "
re: Ann: Twin Hills Operations and Production... The forward...
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