TIE 0.00% 67.5¢ tietto minerals limited

Ann: Tietto Delivers Record Quarterly Gold Production of 37,111oz, page-46

  1. 1,352 Posts.
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    1sime1, I would not have invested if not for the positive aspects of low share price / high profitability.

    As a holder I am disappointed by the continual missteps:
    1. the company realise/s as late as 4th qtr 23 that it needs to augment the mining fleet to mine more than the mill can process and allow for stockpiling?
    2. the company misses last years guidance, then updates the mine plan and drops annual production by over 30% from 250koz to 170koz (attributable to Caigen Wang and Mark Strizek who are no longer with us).
    3. Notwithstanding having adjusted down the guidance as recently as Qtr4-23, the following quarter production (unhindered by the dry season or mill / mining interruptions) fall/s well short of guidance. If Qtr 1 production metrics are maintained, then CY24 will see under 150koz produced (12% lower than guidance).

    Since the the diggers and dealers conference in August last year the company has been parroting about resource potential

    https://hotcopper.com.au/data/attachments/6086/6086604-89a43f41d3d91c863d6e134d2bb2fb0f.jpg

    Then this was rehashed in September 23 at Africa Down Under:
    https://hotcopper.com.au/data/attachments/6086/6086608-cfb712c10b06f7225034556ccc3d60ae.jpg
    Then again this in Indaba (Feb 2024):
    https://hotcopper.com.au/data/attachments/6086/6086647-d74fd5dcce4070222fba384c301c45bb.jpg
    Where are the results of the extensive exploration since 3rd qtr last year? From July to October everything stops during the wet season...


 
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