Ann: Tietto Minerals Appoints Matt Wilcox as MD & CEO, page-12

The announcement reiterates TIE's production forecast for the second half of the year, which is likely an overestimate. Yet there is no mention at all of the current quarter and if they are anywhere near achieving guidance. Why would they reiterate the forecast for the Sep and Dec combined quarters and not even mention the current quarter. This is a highly conspicuous omission.

Last quarterly report they fed the mill 724,405 tonnes of ore, yet only achieved a head grade of 0.55 g/t. Substantially below what was expected. The mill also reported excellent (<95%) recoveries meaning the tails grade was minimal. If the problems not in the mill it's in the mine, or most likely the resource model. I think Caigen just realised this.