KAU (ASX) Ann: Change of Director's Interest Notice x 2

Originally posted by NotRelevent ↑

two things to keep in mind.
1. This stock trades on very low volume and it doesn't take much at all to push sp up or down, very illiquid stock. It's worth keeping in mind when thinking about sp and trends when $100k worth of trading is both a big day and could see the stock pushed up or down by 10%.

2. A big factor behind current mining difficulties and revenue I would guess but they haven't elaborated on is a result of how they mine.
Most mines now a days fully drill out their ore bodies (or at least the section they are mining) before mining including infill and grade control drilling. This would not be the case here were drilling would be limited to a few hits that located the reef and not much more as is usually the case for these sorts of mines. The airleggers in particular will just follow the narrow vein reef as it goes putting in small drives for scrapping and stopeing.
This unfortunately combined with the very inconsistent nature of the grade in these orebodys can result in mining potentially significant amounts of low grade or even next to no grade ore. Same issue was rife at morning star, face sampling took weeks to get results and quite frankly wasn't always accurate of the ore such as it's wildly inconsistent nature.
This is just a guess on my part I reckon this is what's been occurring at A1 with the air leg mining not yielding the usual high grade ore.
Unfortunately we get told next to nothing about the mining that occurs at A1 including individual reefs and areas and it would not be unusual for air leggers to go scratching around any old reefs and workings looking for areas where the old timers may have missed something and old reefs may continue. I know for a fact during the A1s time in administration they had miners going into old workings and taking out pillars just to get a bit of decent dirt.
Current workings may be tapped, or simply in low grade areas, or maybe they have just been busy on development as I mentioned they go into very limited detail about mining operations so it's hard to say for certain.

To end on an optimistic note, regardless of the issues that have seen production hurt I'd say there is a very reasonable chance we will see things improve and eventually become better than ever. They have discovered many high grade and relatively near term mining opportunities with the drilling they have conducted over the past 2 years, it's simply a matter of getting too it. Just hope they can get some of it before they have to rattle the can at these prices.

Expand

"Same issue was rife at morning star, face sampling took weeks to get results and quite frankly wasn't always accurate of the ore such as it's wildly inconsistent nature.'

Given the ore is free milling , can they not test the ore grade themselves with a mini crusher and small wilfley table or similar for instant results ?

I Have lost considerable trust in KAU in keeping the market informed with valid forecasts , maybe by sampling the ore better and faster trust can be restored ?

No.	Vol.	Price($)
1	10000	15.5¢

No.

Vol.

Price($)

10000

15.5¢

Price($)	Vol.	No.
16.0¢	60614	3

Price($)

Vol.

No.

16.0¢

60614

No.	Vol.	Price($)
1	10000	0.155
4	148961	0.150
2	80000	0.145
2	156800	0.140
1	69165	0.115

No.

Vol.

Price($)

10000

0.155

148961

0.150

80000

0.145

156800

0.140

69165

0.115

Price($)	Vol.	No.
0.160	60614	3
0.165	18800	2
0.170	143919	6
0.175	13200	2
0.180	135000	1

Price($)

Vol.

No.

0.160

60614

0.165

18800

0.170

143919

0.175

13200

0.180

135000

(20min delay)
Last 15.0¢		Change -0.010(6.25%)		Mkt cap ! $25.65M

Open	High	Low	Value	Volume
15.0¢	15.0¢	15.0¢	$1.671K	11.13K

Ann: Change of Director's Interest Notice x 2, page-6

British study shows Clinuvel drug effective on DNA of UV-damaged skin

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

KGL sniffs 19% Cu from drilling at Rockface play in NT

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Change of Director's Interest Notice x 2, page-6

Top Stories

British study shows Clinuvel drug effective on DNA of UV-damaged skin

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

KGL sniffs 19% Cu from drilling at Rockface play in NT

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News