Very disappointed, I really thought the pond leak was reinforced and back at nameplate capability (and the nameplate had been upgraded to 32.5k) with a second pond to built in the next season. now it seem that was not quite right.
Previously...
"Reinforcement of the Intermediate Leach Solution (ILS) pond has been completed (refer ASX announcement 25 October 2016), allowing production to be resumed at nameplate operating levels. As previously reported, the Company plans to construct a new ILS pond after the end of the wet season."
but now...
" Remedial work will be undertaken at the end of the wet season to bring the ILS pond back to full production levels and an additional ILS Pond will be constructed. "
I try to follow and read carefully the announcements, but there is a contradiction. WTF.
TGS Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held