There is one very perplexing aspect of the restart to the mining side of the operation; the mining operations restarted in June 2014 (see ASX 30/6/2014); total material movement was 130,000 BCM ( about 1/2 of the March 2015 quarter). Yet nowhere in the June 2014 Q does it state that the open pit mine deteriorated during the care & maintenance period!!!
How can this be? Before the mine commenced operations there would likely be an inspection (for health & safety of all miners) by the mine manger who would likely then report to the MD; hence why was the market not informed till the September 2014 quarterly that there was deterioration to the open pit mine during the C & M period; that's a 3 month market information lag. Yet announcements since state mining clean-up & impact on ore production to some degree; these announcements would likely have an impact on the value of the company and share price.
I'm confused!!!
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