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Ann: December 2016 Quarterly Activities Report, page-46

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MagicSeven

597 Posts.

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31/01/17

14:54

Post #: 22253597
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Originally posted by aidoaido ↑

Very disappointed, I really thought the pond leak was reinforced and back at nameplate capability (and the nameplate had been upgraded to 32.5k) with a second pond to built in the next season. now it seem that was not quite right.

Previously...
"Reinforcement of the Intermediate Leach Solution (ILS) pond has been completed (refer ASX announcement 25 October 2016), allowing production to be resumed at nameplate operating levels. As previously reported, the Company plans to construct a new ILS pond after the end of the wet season."

but now...
" Remedial work will be undertaken at the end of the wet season to bring the ILS pond back to full production levels and an additional ILS Pond will be constructed. "

I try to follow and read carefully the announcements, but there is a contradiction. WTF.

Expand

I have just asked Ryan about delivering a guidance for 2017..

Answer:
"If they have got a guidance sorted they will publish it on the market.."

Looks like they still haven't prepared one.. and it sounds strange in case to manage their difficult cashflow which is dependant from such a guidance!!

What do you think??!

Ps. Maybe you know if they have an assurance which will pay for the ponds incident?

TGS Price at posting: 4.0¢ Sentiment: None Disclosure: Held
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