Cashflow, page-3

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aussieman

1,474 Posts.

172

01/05/17

19:25

Post #: 24391827
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Originally posted by Bortgm ↑

From my basic understanding of the underground problems, they seemed to have been assuming a certain geology based on drill results that proved to be incorrect, one poster actually commented months ago that the U/G was a mess . They say that this problem has been reinvestigated and additional drilling has confirmed the original mine plan was indeed in error. They embark on some back slapping and high fiving and now say that the u/g mine plan is all but sorted and that they see a return to 'better' production figures, albeit at lower oz rates than the original. They say they are 'adopting a conservative approach' going forward......we can only hope this is true.

So, on that basis, whilst the original euphoric production figures are long gone, there should be better number out of the u/g operation moving forward. I'm hoping they are now adopting a more 'under promise' & 'over deliver' reporting stance across the board. But they certainly have much to prove before they win back the markets trust.

I too am holding and as always I expect that the market will overshoot fair value on the way down before it turns. Just not sure where fair value is now and as you say it's neigh impossible to establish from the quarterly.

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Yes well said this will hi low twenties

Need a new md ASAP
Major problems
Its a shame its a good project
Wrong people
Still holding a tiny holding
Possibly burn them off
As i think they will continue to raise capital

They need to suspend the operation
Redo mining study
Re assess and re start the opperation

BLK Price at posting: 30.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Cashflow, page-3

Top Stories

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HotCopper Highlights: Trigg; Droneshield; Lumos & more

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