RE: Gold12 Apr 2024 16:47
It doesn't matter Maid, it is done and can't be undone..
I agree that there have clearly been people who have forward sold who wanted the SP lower thinking they could either get back in on a placing or buy cheaper in the market.
We should be in production sometime next week, assuming all the bits of paper can't be dealt with in a timely fashion, if not the week after. The issue is importation paperwork for the wash plant, VAT and import duties and all that good stuff.
On a reasonable basis, the wash plant should generate something like $255k pm of free cash flow. Once they have that on site and producing, they can start the other wash plants moving.
The big thing is getting a production licence to produce at volume; again, with a following wind and bit of efficiency that could be September/October. There are wash plants out there that do 220 tph that don't cost very much. Get four of them rocking and rolling and we are talking serious money.
DYOR