Ann: Rocklands August Production Update, page-5

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h00ts

46,771 Posts.

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13/09/17

19:55

Post #: 27197922
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Originally posted by Hot_tomato ↑

Finally, Finally, Finally. The latest announcement today clearly shows for the first time that they have dumped the Dianmin Chen ore control method which was carried on the the current COO imbecile. They changed the original mine method and grade control so that the waste was being mined with the copper and diluting the hell out of the orebody for mill feed.
Why the hell has it take so long for them to work this out????????????.Grade has almost double to where it would have been from the start. Now finally we may get traction. If they can move on the Chinese out of the management of the mine we still have a faint chance of success. Until that happens its a dead duck.

It was also great to see the Chairman Peer Hutchison standing up to the Chinese and telling the market the real story instead of face saving BS.. This is appreciated immensely. We all know when the company is telling us lies. Why say the HPGR is the problem, when you could have told the truth and told us the Chinese end of the plant had broken down again. At least he has come clean for once. Needs a tick for this. Probably sack him next week for telling it how it really is. Maybe got his head finally out of the pocket of the Chinese and got some backbone.

The market will get a lot of satisfaction for the honesty. Get rid of the spin CDU and tell it like you did today. "The mine grade control has been put back to the original mine control method and almost double the grade.Everyone on the site new that this would happen if they went back to the original grade control method. Great news for all, for once.

The next thing to tell the market is the real story behind the Emeco pullout. One of the biggest Mining Contractors in Australia doesnt walk away form a$250m contract after buying out the company that won the contract (Andys Earthmoving) and then letting Andy form another Company and take back the contract. Somethings gone on for sure and I cam smell sinister. Whats the real story Mr Chairman? This story is going to play out sooner or later. Now back to holiday mode. Wife doesnt know i sneaked in a couple of posts.

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"The next thing to tell the market is the real story behind the Emeco pullout. "

all very thought provoking H T - but largely irrelevant - the next thing to tell the market is who is going to get them out of their debt debacle - Suspension looms large 17 days till they have to lodge the 2017 EOFY accounts

Auditors will once again raise serious doubt about their ability to continue as a going concern ( IMO)

CDU Price at posting: 38.5¢ Sentiment: None Disclosure: Not Held
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