29 Metals General Discussion, page-41

Hard to know where the bottom is really.

I've been looking at this stock for a while, and was, like all of you, stunned by the freak weather.

The irony isn't lost on me (or you guys) that unless the mine site area gets additional rain, then the pumping ratio (waste water to natural) won't be met in sufficient volume to empty the mine out.

This 'wet season' approaching is key - without enough rain (again - the irony is not lost on me) then they can't dry out Capricorn!

Too little - they can't fully empty

Too much - they can't fully empty

If it doesn't get done very,very soon, then it's a 12 month wait until the next Wet Season and hope for enough rain to meet pumping ratios.

Golden Grove isn't making stellar profits, so I'm afraid the bottom may not even be in sight yet.

As for a takeover - players may position themselves, but nobody will make a move unless Capricorn gets a definite re-open date surely - esp with a potential 14-15 month delay if the weather isn't in that sweet spot.

There's no guarantee 2024 will be in that rain zone either.

Get a definite re-opening date, and all bets are off - until then this is a play for people with patience or deep pockets.

I've got a broker alert set for a certain SP at 29M - and that's quite a wait under the current SP.

I hope it all works out this year for you guys - it's terrible luck to have things going so well, and just when blue skies were ahead - freak weather.

Even so a 2024 re-open has to be in serious doubt.