As June quarterly is due by latest the end of tomorrow, that gives the bargain hunters the maximum of TWO days trading to get set or increase their exposure.
Unlike previously quarterlies that were not very informative, I am quietly confident that this quarterly will be different !
When is the last time the company released THREE reports within 2 weeks ? I think that the company has turned over a new leaf with regards to reporting to shareholders.
The June quarterly will hopefully give some clarity into the following:
-Tonnage mined and which pipes are currently being mined.
-What % of tailings and % of fresh ore have gone through the plant.
-Average daily throughput the crusher and the Tomra XRT and DMS plant.
-Total diamond ct production & not just numbers of diamonds.
-% of gem quality diamonds and hopefully
-some sale figures.
-We might be able to extrapolate what type of POSITIVE monthly cash flow we might expect to see in the future.
If sales have been minimal, I would like to hear more details of what has been set up in relation to the Antwerp office etc.
I am looking forward to seeing some projections for the current and future quarters.
Although, we have been told about the capacity of the new scrubber which is due within a month, it would be nice to know if the company plans to expand operation to a TWO shift 24/7 operation.
Depending on what current production is, future production with the new crusher and new scrubber (and new DMS plant later in the year) might actually quadruple production not just double.
The last two points might be covered in a separate report.
If the June quarterly confirms my beliefs, then the days of buying this stock at sub-ONE cents will be HISTORY.
Not long to wait now.
MED Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
