Plough: Ageed, but it is there duty to inform us of such issues. I suspect they are probably massively gunked up with slime and carbonaceous material which has been slowly accumulating to such a level that it has now caused them to cut back the feed rate until some mechanism can be installed in Feb to reduce the magnitude of the problem.
To others:
Apart from the bar chart which undoubtedly conveyed the wrong picture to many (despite that it is quite factual) there is a BIG problem with the mere 3 lines they devoted to production.
“It is anticipated gold production (including silver credits) should be maintained at around 850 oz per week until March 2015. ………….”
If honest reporting is used it should read like this:
“It is anticipated that gold production (including silver credits) will drop suddenly from around 1,100 oz per week to around 850 oz per week (down 22.7%, and give the reason for this) and then be maintained at this level until March 2015. ….
The omission of our recent level of production (around 1,100 oz) and the use of the word “maintain” imply that there is no change in direction and we are simply cruising along, as we were but there will be no further increases to recovery rate until March.
This is clearly deceitful and not truthful, I would suggest they are trying to pull the wool over our eyes and are being anything but up front and honest.
PGI Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
(20min delay)