KCN 0.74% $1.37 kingsgate consolidated limited.

Ann: Corporate Update, page-89

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  1. 10,750 Posts.
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    Do you have any knowledge that says that plant#1 commissioning is still ongoing and won't be completed before sometime in August when ramp-up would start.
    If the commissioning is still ongoing then it's taking longer than plant#2 took - its first gold pour was around 22Mar23 and for the week commencing 30Apr23 it was producing its peak production of 1000 to 1100 ozs Au - that's 39days from first gold pour to peak production. First gold pour for plant#1 was 6Jun24 and so its 39th day after that would be 15Jul24, so I would be surprised if commissioning for plant#1 runs into August and would be disappointed if it wasn't already into its very short ramp-up stage.
    In fact both announcements about the new Nebari financing on 16/17th July talked about ramp-up of operations and not commissioning phases.
    Hopefully we get definitive statements on this in next week's quarterly.
 
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