I met with Chuck at Mines & Money HK. Many issues discussed. Apparently, key component of crusher circuit disappeared from docks. Cost $24K. Found it belatedly at auction house were they bought it back for $2K.
Could continue to process 1g/t tailings which don't need crusher circuit. Would have thought that some gold will have been sold to ease op costs, debt etc.
I bought 20000 more NGM the day before I met with him. In hindsight not a very good idea.
Its been a very sad story with the responsibility for delays and cost overruns squarely on board and CEO's shoulders. Pity he holds such a significant holding.
th - cr, page-21
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