Counterfiat,
I hope management read your comments and assume that someone from ORS follows this thread. The Company has had a pretty reasonable although pokey record in developing Union Hill which is mostly due to being cash constrained.
The issue concerning the lousy reconciliation of gold grades must have commenced at the beginning of the last quarter and just happens to be a pretty important issue. IMHO management had a duty to report this issue to the shareholders via the ASX and not wait three months to tell everyone.
They need to amp up gold production at Union Hill on the 1100 Level ASAP and do a series of by-weekly Press Releases that go step by step to explain exactly how grades and production output are improving.
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- Ann: 4th Quarter Activity and Cashflow Report - 30 June 2014
Ann: 4th Quarter Activity and Cashflow Report - 30 June 2014, page-16
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