Still ramping up to full production.
December will also see lower production, due to a mill shut down for re-lining.
Debt repayment continues, with total debt now down to US$11 million.
It will be interesting to see how they handle the December performance shares issues, and what the shareholder response subsequently is.
At the moment, the mine is a far cry from producing what Caigen was sprouting, it's producing about 50% only of what his hyperbole spruiked.
Someone was buying huge chunks of shares today, 7 million in the first hour - who can it be now?
So let's also forget December, the interesting production months will probably be February and March and April 2024, because that should give shareholders a truer indication of what the longer term production profile might be, and it's only then that a sensible decision on a realistic takeover offer price might be made.
Gw
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