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Ann: Dispute resolution invoked by Pybar, page-136

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dannytwo

322 Posts.

15

08/10/17

11:18

Post #: 27741888
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Originally posted by Furpo2 ↑

Thanks Oden.
We are able to rely on you for thought provoking, if not provocative comments.

A family member worked with Pybar until a few months ago.
The contractor was aware of underperformance and poor grades, and in the month before he left there was a campaign to examine areas already mined to "rape and pillage" (the words used), to get some better pickings for a result.

There is no clarity as to who was at fault in the continual feeding of poor grade ore to processing.
My comments relate to Pybar as the contractor.
You are of course spot on in your observation of supervision of operations.

The issue now is financial.
When will the operations produce gold below gold value - in other words, make a profit

Originally posted by CorbinAshton ↑

So, the questions is, why did they pull the handbrake so damn late? Well let's see what the next quarterly report brings...

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I believe the next quarterly will be pretty ugly from a cashflow perspective, due to the changeover etc. But we have to look past that as I think thats a given. Its the next quarterly on that we need to get our head around - which I admit is hard. This quarter will be a mess - the sooner that is put behind us the better.

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WPG Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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