Ann: Quarterly Activities Report, page-166

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SimonGr

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02/02/20

21:14

Post #: 42704587
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Originally posted by sabine: ↑

Sorry Simon..... I seem to confuse everybody except the Navigator who sees things straight and true from behind those unconditional lines of his @Saragian charts.
( Unconditional is a good word for charts no?....and more : ) )
TA is so implacable.

Here’s the relevant excerpt from your post of July 28, 2019:

... “Some more info from a second chat with PLS last week ... I asked if the higher AJM recoveries (~68% for a month - maybe they’ve done better?) was an indicator that PLS should at least be able to get to those sort of numbers (PLS only achieved ~55% last qrt and maybe as low as 51-52% over the last 2 months). Their reply was interesting ...

- They cautioned against making this assumption, said the ore bodies were quite different and that even within the PLS ore body, the ore varied considerably and required different plant settings and reagents.
- PLS was a bit defensive when I suggested AJM had got >70% ... and dismissed that as only being for a short time and hadn’t yet been able to maintain it....”

Expand

Gotya. Unfortunately for AJM, seems PLS were correct re AJMs claims at the time. BTW - I didn’t speak to KB then, just one of his underlings.

Disappointed re AJMs reporting tho ... ie. not reporting the slip last qrt then reporting it as good news this qrt as they beat a poor result from last qrt ... that they didn’t tell shareholders about until now!

Cheers

AJM Price at posting: 6.3¢ Sentiment: Hold Disclosure: Not Held
5 Upvote

0 Great analysis

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