Ann: Dalgaranga Gold Mine Operations Update, page-13

Agree a bit disappointing
At least they called it… better then trying to push through… they should still have plenty of cash to put this next plan together and also infill drill the first stage of never never… I don’t know how many lay offs or what that will cost… (bit like covid situation) they will likely keep a core team on the books ready to strip mine and lay up ore and do maintenance on the mill.
at any rate… we are back to being an exploration company with a mill to fire up once we get a plan and the proper funding into place..
we can’t go into administration because we don’t have any debt… and still have a good cash position.
I’m not going to lose any sleep here, I’m actually glad they pulled the pin rather then burn all their cash…
And our current market capital hardly reflects the mills value…
Brighter days are ahead.