VAU 0.00% 34.5¢ vault minerals limited

Ann: Siana Gold Project - operations update, page-29

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,327 Posts.
    lightbulb Created with Sketch. 9
    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!!!
 
watchlist Created with Sketch. Add VAU (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.