The arrival of the new mechanised mining equipment has commenced on site with the remaining equipment expected to arrive in accordance with the new mine plan schedule.
The announcement made on 30th March 2021 regarding the new mechanised mine plan stated that no further funding for capex or opex was required to implement the new mine plan and future capex will be funded from cashflows. In accordance with this statement, the Company would like to confirm that it is not planning a placing following the proposed capital reorganisation.
I disagree with that, this will take off when the POG takes off and until that happens CP is stuck in a tough place. I’m still waiting for the correction before I pile in !!!!