COE 0.00% 19.0¢ cooper energy limited

Ann: Sole Orbost Update 19 June 2020, page-126

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  1. 253 Posts.
    lightbulb Created with Sketch. 55
    DDD, you're right, communication is atrocious with this outfit.

    22/05 - Sole Update - Production ramps up after shutdown

    https://hotcopper.com.au/data/attachments/2367/2367513-ec7a483667e6b0285a78936d0cb46765.jpg


    19/06 - Sole Update - Further 6 day shutdown required

    https://hotcopper.com.au/data/attachments/2367/2367527-1549c467c1f69a205f77b968bff39653.jpg

    23/07 - Quarterly Report
    - Lower [production] rates are targeted for week commencing 20/07 for plant analysis purposes

    https://hotcopper.com.au/data/attachments/2367/2367568-1fe4f6cfb88491390273db2e5151e294.jpg

    So COE is providing updates approximately every month. If they stick with their current timeline then the next could be anticipated around the 20/08. As this is so close to the Annual Report on 31/08 will they just update us then? I think newsflow is far too sporadic considering the issues Sole is facing, and the continual ramping up and down of production from the plant.

    https://hotcopper.com.au/data/attachments/2367/2367585-434ca35515a732a9e1099a6e9ef4a4b5.jpg

    As nothing has been mentioned from the technical analysis which commenced on 20/07 can we assume they have failed to figure anything else out? In my opinion it seems more and more likely Sole will trickle gas out until the December quarter, where we will get a nice 3 week shutdown for xmas.


 
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