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2.5¢ group 6 metals limited

Ann: Dolphin Tungsten Mine Update, page-19

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whitepointer

1,193 Posts.

122

17/01/23

20:47

Post #: 65740709
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Originally posted by PRD2427: ↑

I hold both EQR and G6M and have been in and out of KIS a couple of times previously.

I've worked in heavy industry most of my life and have seen over runs of time and money so have a good understanding of how these things eventuate. I really can't understand what circumstances would have obscured managements view of this over run previous to the $23m announcement. The alternative is Gekko have been less than honest in keeping G6M informed of the increase in costs

The failure to either forecast or report, which may have been Gekko, bothers me more than the shortfall of $7.5m

I'll be watching G6M more closely now and may change the balance between my 2 tungsten stocks given the right opportunity.

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I have previously held but currently not in - still on the watch list.
Will happily return when the company is in production and the plant is operating consistently and producing product to spec. My concern is they have gone with a company that has limited experience in putting together mining plant, have been burnt in the past with this approach.

G6M Price at posting: 16.5¢ Sentiment: None Disclosure: Not Held
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