MOO 0.00% 0.2¢ monto minerals ltd

investor rept and 100pct increase in feed rate

  1. 3,267 Posts.
    The investor presentation today is most welcome and shows the new ceo has his eye on the ball and the competency to increase mine efficiencies. He certainly is a breath of fresh air and the most significant organisational review looks set to put some needed efficiencies in place.
    The main point I was pleased to see in the presentation was the feed rate increasing from 35% to a target feed rate of 60% inside just one month which is nearly a 100% improvement.
    There is a further 20% increase available to meet the 80% plant availability capacity. I suspect the ceo will also target increasing the availability from 80% to 90% in the next couple of months which will add further through put capacity and feed rate maximisation and therefore increased product for sale and an increase in the profitability of the company.
    I have been involved in a number of large organisational reviews and everything I see the new ceo reporting on and the changes he is implementing, I like.
    A big tick from me for what it's worth.
    I only have a relatively small share holding in Monto Minerals but based on the report from the ceo and the competencies with which he rapidly identified the problems and actioned the production and work place efficiencies, I shall be increasing my investment as the opportunity arises in relation to available funds.
    I also like the fact that UK institutional investment funds hold 62% of the shares. This is a strong position from which to grow the company.
    The new ceo Mike Christie deserves a big well done and thank you, which I will phone through tomorrow.
    One snippet from the report.....(page 12)

    "Investment proposal to Board
    Interim report August 25
    Final report September 22
    Independent review September 30
    Marketing to start late September"

    Also, (on page 11) there is a site visit from UK and Australian analysts organised for the 11th of August.

    The other excellent news is the construction of the titanomagnetite facility is under way and expected to be completed by the end of August. Looks like now is a good time to have invested at these low prices and with the production about to ramp up and the cash to start flowing in to the Monto bank acc'.
 
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