very poor management13 Oct 2016 11:50
'With respect to operations, the Company is pleased to report that two of the three underground dump trucks acquired in April which required refurbishment are on schedule to be fully operational by the end of this month. These two dump trucks combined with an additional near-new dump truck acquired at the same time, will give the Company the load and haul capacity to deliver to the conveyor belt 30,000 tonnes per month of kimberlite from the UK4 mining block from July onwards. The last remaining project on the critical path to achieving the 30,000 tonnes per month rate is completion of the 1,500 tonne underground ore silo and tipping arrangement onto the conveyor belt which remains on target for hand over from the contractor by the end of June.'
Do you remember this?……….nothing like second hand kit, re-conditioned……
Think about it….the odd mistake, the odd problem, the odd whatever but when there is a litany of problems, one after another, does it not suggest that there is a problem with the management?
Total shambles and more importantly,
They need to raise money when the SP is at historic lows.