The peaked in 2017.
They used all the high grade material they had at the start during initial stages of commissioning against advisement.
They have an acting process manager now who was at best an average supervisor in 2017. No offence to him intended.
They have no GM.
They have technical staff who do not understand flotation or processing.
They processing plant is basically still falling apart and is unable to reach capacity.
They have not fired the staff responsible for most of the issues at the plant. Even the previous SSE wanted to remove some of them that had strong ties to the Board and where is he now? :| Working somewhere better.
And they have no actual plan other than to release forecast figures that look like they are at target instead of a revised target which I would probably assume to be 60-65% of nameplate to get continuous operation.
They cant release financials for..."whatever reason" they deem on the day.
This quarter doesnt look great... 14kt of product over a 3 month window when obligations are 30kt per quarter. @SlipSam do you know the throughput/recovery rates? or just the production figures released?
CDU Price at posting:
23.5¢ Sentiment: None Disclosure: Not Held
