focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
GR never fails to disappoint.
You think this will be blue today? Give your head a wobble! The RNS was basically telling u the whole plant needs upgrading because its rubbish!! 50 tonnes a day dosnt even pay to turn the plant on!!
Current situation is the plant is not fit for purpose and cant produce what GR wants it 2 without spending millions upgrading it!!
Sounds like the whole plant needs replacing!! Any legal action against stark will take years and cost millions!!
The plant was supplied with a magnetic separator and a circuit intended to remove both a paramagnetic and a magnetic fraction for bagging. The magnetic separator supplied is low intensity (LIMS) and cannot remove a paramagnetic fraction that would include tantalum. The magnetic separator circuit is further unable to efficiently remove iron generated from the milling process to an acceptable degree and will need to be upgraded in the near future.
The Company will engage an independent consultancy to assess overall cost implications related to the present mining operation. Previously, the Company has indicated a mine gate production cost at $800 per ton.
Neither the XRT or the Ultraviolet sorters are adequately performing the functions for which they were sold and delivered to the Company.
More delays, faulty or incorrect equipment installed, equipment needs replacing/upgrading which will need cash, 50 tonnes a day which barely pays to turn the plant on and the usual rampers are calling this a good RNS!! This will take months to sort out and a lot of cash which Prem do not have!!!
I think I’ll get my 0.15 this week, GLA
You won’t see 0.40 for at a year….
I’m confident
Looks like I’ll get my top up order filled next week, radio silence will see this drift lower……
Doing his usual pump but still no deliveries. Have placed buy order for 0.15
Did George only take £2m?
Why are you mentioning my name? I wasn’t talking to you was I?
Thanks Acker, I voted NO
NO NO NO NO NO NO NO NO NO
I bet George is really worried about your empty threat of an email 😂
Martinibird, how many words have u typed today on a share u own none of? Sad
U don’t even hold any shares.