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clock Created with Sketch. 30/11/18
11:21
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Originally posted by Phoenix11
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As the CFO/acting CEO said at the AGM there is No solvency issue!! that won't come until end of first Q next year IF BIG IF they still can't get this thing running properly. For this months its just about production and grade. We know they have run the mil at 3.5-3.6mtpa with the soft ore and we know that after 40 000 meters of drilling that the gold is there. So they just need to get clean ore from the pits into the mill and the gold out.When you talk to eastablished miners they will say '' None of these problems are terminal, non of these problems are things we haven't seen before so WHY THE PANIC!! iTS JUST NORMAL RAMP UP ISSUES.
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Finally someone with a cool head talking about the fundamentals being still very much there. Market traders paying too much attention to ramp up things that are solvable and have been solved. They'll have $15m cash at the lowest point of cash flow before turning cash positive in December. Should be banking $10m cash pq from January.
