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clock Created with Sketch. 18/07/18
05:36
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Originally posted by DoctorFouad
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Hmmm...an interesting update, I would say a mixed one and lacking some details, containing both some good news and some disappointing news.commissioning and ramping up of production is improving steadily and there are no issues that may prevent achieving nameplate by end of this quarter.'A number of minor commissioning issues have now been resolved and the Company is not aware of any material issues that will prevent the reaching of nameplate production within the quarter." "rectification of minor commissioning issues will conclude this month. An incremental increase in the throughput of ore is now planned with the objective of achieving a runrate High quality of product already achieved and improving . In terms of quality of final product, they are already achieving consistently 94%+ purity and large flake distribution is 40%+ and is expected to improve over the next month.Sales will commence shortly from the Graphmada plant (this july-august-september quarter), with the Company looking to be cash flow positive during october-november-december 2018 quarter.Potential off-takes for stage2 expansion to 20.000tpa+ with the company already receiving meaningful interest and enquiry regarding the sale of its intended Stage 2 production.
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Yes, the ann. lacked a lot of detail and tonnage was poor...disappointing overall, as after the wait, you would expect them to be more specific...might be time to move on until they regain cred by communicating more effectively
