CCU 0.00% 5.8¢ cobar consolidated resources limited

yesterdays bargain price, page-24

  1. 2,388 Posts.
    I agree danhoff, this Q and A just raises more questions.

    Are they seriously stating that the reserves and resources are to be believed until we dig them up and find they are different to what we expect? As has just happened and the share price has halved in 2 days?

    How was Octobers grade 89g/t and Novembers grade 70-75g/t when the stockpile is 45g/t?

    Novembers production will be 1/3 of what was expected, that reflects an even lower grade then 45g/t.

    It seriously reads like they were stockpiling dirt for months and never realised it.
 
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