a mere bagatelle? Oh, only if it was true!! The previous timeline provided was that it would not be fully commissioned for production until end of September or early October 2023 and could extend to December for production beginning 2024. Now all of a sudden we have a timeline of Q2 2023 however it's unclear whether that is end of build to start commissioning(Commissioning is a 5 stage process which is planned to take at least 3 months - all going smoothly). Production starts after commissioning.
This is a persistent problem that I have highlighted in that past that Company communication is very ambiguous. The lack of clarity introduces uncertainty which then damages company reputation.
So now I am wondering, is production in Q2 or Q4 of 2023? If it's Q2 then they should have completed build back at end of March and now should be in the commissioning process. We know they are still building, so despite the latest communication I have to assume that it won't be operational for production until Q4. Happy to be corrected.
LMG Price at posting:
6.8¢ Sentiment: Hold Disclosure: Held
