Member Info for Teacup64

Lol, it wasn't meant to offend anyone, but I feel MJ is the innocent victim.

No offence BigMJ, or anyone else for that matter, but can we stop with the sucky sucky please, it's making me feel uneasy. Thanks

Strange title to associate with the single buy your describing ;) Only kidding, but why has your post got a price of 0.00?.....next to the date and username I mean.

Yes, I agree our gold has increased, but not tonnage. However, the gold we got last quarter, and the quarter before, is based on luck. Just because we may be sat in a gold valley, doesn't mean that the area just dug will produce the same, less or more gold than the next place Sino dig, hence me saying luck. We were lucky to get an increase in gold, but we may not be as lucky next quarter. That said, I still think it's a measly amount of gold, Or "**** all" as I put it earlier. The only way to truely increase the gold, is to increase the tonnage. Unless we are really lucky and hit a gold rich area.

I wasn't saying that you said 400tph, that was me saying that I could just assume that we are producing at 400tph, but I don't want to do that. We can be certain that we haven't hit 400tph, otherwise, as CB said, he would have told us. I have every right to say that we are at capacity of our current plants....if we find otherwise, without good reason, then we would have to question why this lower than contractual target is not being met?

Your last post, I'm aware, and agree that 200tph is not the case, we had the same arguement a month or two back. I always make that same mistake, but it doesn't lessen the point of contractual obligations, where I unless told otherwise by CB, I have to assume Sino is not yet at 400tph.

Our Colin said in a podcast that he will make shareholders aware when tonnage milestones have been accomplished. As Colin has not said any thing relating to increasing tonnage since then, I have to assume that Sino is producing at 200tph, and that they have failed to meet their 15th Jan deadline for 400tph.....of course, I could start making things up and pretending we are already at 400tph.

Unless that was another error by the company, then I have to believe the increase happened. However, you are twisting this fact by failing to mention that it is all down to luck of where is dug, and the fact that the tonnage is limited by plant size. Don't forget a 42% increase on a tiny amount of gold is still a 42% increase, but it can still be measly.

JDAU....you're an absolute fruitcake! I do not need evidence, common sense is all it takes. So here goes: Q) If Sally puts a spade in the ground, how much gold will she get? A) This is unknown, neither can any quantity of gold be guaranteed. Q) What is the maximum throughput of a 200tph plant? A) 200tph. Q) At 200tph, how much gold can Sally guarantee? A) This is unknown, neither can any quantity of gold be guaranteed. If we cannot guarantee the amount of gold from spot to spot, then any increase is just luck. Just because we had an increase in gold how is that going to keep increasing if we are limited by 200tph....some quarters we will be lucky, others not so. Don't forget, even your dearest Colin told you that "volume is key". If he's not going to increase the volume, then we not going to keep increasing.

"I’m a little confused" 10months ago we were told that Sino would be putting 400tph through their plant, which has still not happened. The increased gold rates that you highlight are simply a matter of Sino being lucky, nothing more....remember, Sino are limited by throughput, and as CB says, "alluvial gold is where it is, and cannot be guaranteed". So to make it clear, what I mean by "**** all", is that if CB is not willing to enforce the 400tph contractual term, then we will continue to get the same measly amounts of gold, that you would otherwise twist as an increase. Oh, and the rainy season is upon us again. Sino may well operate well in the rain, but a 200tph plant can only handle 200tph, nothing more.

Chesh - Lol, this is why I don't play with electrics, and end up paying people like yourself what seems like a lot of money to fix these problems for me ;) ...of coarse, when the sparky tells me why I was having the issue, I usually man up, nod and agree as though I know what he's saying.

Dotted line 1 = appliance ;) I was on the right path then, ohms law and all that jazzy stuff.

I reckon with all the extra hours he's putting in, that he's saving up for a house. Ross, have you an application form, as I spend all day on here too...might as well get paid for it!

Isn't it something to do with overcurrent?

Blue to bits, 2amp fuse to 13A plug, Wet hands to live....something like that I'm certain. ...Hang on a minute, I'll just go check this works before my tutorials published.

Sparky, Financial Advisor, Mental Wellbeing Advisor... Dr Chesh PhD AC obo ;) .....Ross, you'd be silly not to take such advice for free!

Hahaha....now that's some commitment right!

Shorter term?

Who's the jury....you, LLL and the office mates?

...sounds like we have a seller!