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Ann: Half year results and March 2018 Quarter guidance, page-11

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Holdonman

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14/03/18

16:04

Post #: 31751485
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Originally posted by Gazzajohn ↑

Agree with you MS. Mining is still going as per schedule. A full quarter of running the mill at full capacity will clear the ROM pad and throw the lost 4000 oz from this Q into the next Q. They have plenty of cash to weather this sort of unscheduled maintenance. Would have to be done sometime in the near future anyway. My calcs says the initial breakdown occurred about two weeks ago. Maybe they should have released this when it happened, would have produced the same frantic result. Great buying opportunity.
Just a comment on the future restart of Siana UG operations. One of my previous concerns was the lack of UG experience that Red management had, especially with the geological challenges of Siana. By the time Siana comes back on line they should be full bottle about the operations of UG mining, although there are different challenges. The two operations, Aus and pines, should fit perfectly.
By the way, great half yearly financials. Full will see them well into the black.

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I guess one could ask why they ran the mill at 100 tph which is above design capacity of 95 tph ( see pg 6 last Q)
And then have to explain to shareholders the mill is broken, at least they have 2 mills at Darlot.

Similarly but not in the same league as Siana 2013, the dam is broken! And by the way we decommissioned the other bigger main dam, a logical plan not!

Last edited by Holdonman: 14/03/18

RED Price at posting: 6.5¢ Sentiment: None Disclosure: Not Held
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