re: Ann: CHANGE TO THE BOARD OF CLUFF AND CON...
Hmmmm Frustrating announcement. Tells us bugger all.
Sounds like they are having some issues with breaking the ore down to fine gravel in the plant. They would need to do this to separate the diamonds so they could be collected.
"The need for further crushing of some of the material remains to be determined."
I am reading into this that they arent sure if the ore is crushed enough to allow extraction of all diamonds. The diamonds must be loose from other ore by the time they flow over the grease or they wont necessarily stick. It is basically a stream of water and gravel and the diamonds need to be loose in that gravel.
Whether this is good or bad is anyones guess, they are definitely holding out on us. A simple 'result are encouraging' would be nice. the fact that we havent been given the initial results they promised is a bit of concern.
IMO all scenarios are still open from no diamonds to some diamonds but we still dont know how many/tonne.
Maybe they are holding out for the new financial year so that when the share price takes off they can all sell some without the immediate tax bill:)
Back to the waiting game.
CFR Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
