ABU's Coyote processing facility likely near term completion of gold, page-62

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Nabaru01

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29/10/15

08:38

Post #: 16278802
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Originally posted by SALTIGA62 ↑

Further until we receive clarification what will change, meaning we go to the
AGM feeling like this.
UNLESS
1) We receive clarification & an explanation regarding the increased costings in quarterly,
with forward guidance costings associated with reasoning.
2) We get tortured until the next production update, that will likely indicate there having
been an increase in gold recovered gram per tonne versus current mill feed grade-(head grade),
with the coyote processing plants gravity traps having become saturated,
should this happen &-( IT ALWAY'S DOES -POST SATURATION )it will negate the need
for any capital raising, so think it through, & seriously consider waiting until the plants
saturated & we have an accurate numbers to work with before you potentially imo make a
situation that has not had time to play out - WORSE!,
I MEAN AGAIN SERIOSLY WE ARE CASH FLOW POSITIVE WHY NOT GIVE THINGS
ENOUGH TIME TO STABILISE BEFORE MAKING DESISIONS THAT LOCK US IN?

Therefore as ABU has already announced we are now in commercial production,
& has confirmed we are cash flow positive, any increased production of gold output
per tonne processed above 7.6 g p/t will off set & be in excess of any extra costings
that are more than likely only elevated because we have been stripping not one but
four open cuts,& as we are now well into our production ramp stage after the competition
of commissioning, should become more predictable.
For me personally I believe this situation that is now unfolding has been handled
very unprofessionally & given the directors incomes its astounding.
M.D & DIRECTORS GET A FRIGGIN GRIP & go look @ yourselves in the mirror,
& ask yourselves this, has all this primarily avoidable-( through better more
accurate reporting )-"bull crap', been in the best interests of share holders?
& if you should even think about saying yes, you should be given a no vote of
confidence & be axed!
IMO your making yourselves look like FOOLS!
imo & mega annoyed with the situation _salt

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Take a chill pill Salt. They have appointed a new CEO and I think you will find that they have reported everything and there are no back room deals happening. It is an operation that has a lot of doubters but still has solid fundamentals.
Give them time (and yes, I know we have already), they have only now announced commercial production. This, combined with the nuggety deposit will see swings and roundabouts in reconciliations.
It will be what it will be and yelling at it will make no difference.

ABU Price at posting: 19.5¢ Sentiment: None Disclosure: Held
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ABU's Coyote processing facility likely near term completion of gold, page-62

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