PRX 0.00% 0.2¢ prodigy gold nl

ABU's Coyote processing facility likely near term completion of gold, page-55

  1. 2,475 Posts.
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    Further until we receive clarification what will change, meaning we go to the
    AGM feeling like this.
    UNLESS
    1) We receive clarification & an explanation regarding the increased costings in quarterly,
    with forward guidance costings associated with reasoning.
    2) We get tortured until the next production update, that will likely indicate there having
    been an increase in gold recovered gram per tonne versus current mill feed grade-(head grade),
    with the coyote processing plants gravity traps having become saturated,
    should this happen &-( IT ALWAY'S DOES -POST SATURATION )it will negate the need
    for any capital raising, so think it through, & seriously consider waiting until the plants
    saturated & we have an accurate numbers to work with before you potentially imo make a
    situation that has not had time to play out - WORSE!,
    I MEAN AGAIN SERIOSLY WE ARE CASH FLOW POSITIVE WHY NOT GIVE THINGS
    ENOUGH TIME TO STABILISE BEFORE MAKING DESISIONS THAT LOCK US IN?


    Therefore as ABU has already announced we are now in commercial production,
    & has confirmed we are cash flow positive, any increased production of gold output
    per tonne processed above 7.6 g p/t will off set & be in excess of any extra costings
    that are more than likely only elevated because we have been stripping not one but
    four open cuts,& as we are now well into our production ramp stage after the competition
    of commissioning, should become more predictable.
    For me personally I believe this situation that is now unfolding has been handled
    very unprofessionally & given the directors incomes its astounding.  
    M.D & DIRECTORS GET A FRIGGIN GRIP & go look @ yourselves in the mirror,
    & ask yourselves this, has all this primarily avoidable-( through better more
    accurate reporting )-"bull crap', been in the best interests of share holders?
    & if you should even think about saying yes, you should be given a no vote of
    confidence & be axed!
    IMO your making yourselves look like FOOLS!

    imo & mega annoyed with the situation _salt
 
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