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27/03/18
21:45
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Originally posted by U3962521
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Hey guys flipping the coin
Well done Jimone for calling the clarification announcement, came sooner then we thought...
Let's see if they can get 3 announcements in a row without the need for clarification, talk about degrading investor confidence they are running a tight ship. Let's hope their Sydney lawyer is able to demonstrate more competence in negotiating terms then whoever keeps writing then clarifying every 2nd Ann
Other side to this could be they don't want to set any unrealistic terms to holders they cannot realistically meet by end of year, and that 5000oz gold a month could be entirely unrealistic.
Given the ongoing need for mining permits, the hanging JV 70 % with Anglo on anything outside of Cuscavel and the 20 percent oz to Cartesian they may be thinking getting to 5000 oz might be a bit of a stretch.
Market will see this very negatively imho. Removing an indication they can get to 5000 oz, which is where they need to get to to for a profitable operation, could indicate they will not be self sufficient this year
It could also indicate while they have the grades they are concerned about not having the volume? Although I find that hard to believe with the tailings.
Let's see
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Somewhat tend agree.
And with that said, (personal choice) I have to bow out to another more stable spec without the bs of having to re-clarify a company announcement thus having to consistently think about whether the new BOD are in fact able to steer the ship correctly. In all honesty, a complete screw up this boarderline miss-informing all SH. Clearly someone either was pulled up by rulings of the ASX and or feeling uncomfortable with the misguided Ann.
I wish everyone all the greatest success.