Hi HongKongPhooey,
Thank you for calling out Sirrobbo.
According to Mike. the plant was closed down for 3 days of upgrades, at the moment the production is zero tonnes per day, but these guys have never been ones to be honest about the true state of the company.
@doubledeckerdog Spot on with your assessment, these daydreamers think money is pouring in the door, if this were the case, they wouldn't need the Tanzania banks funding to help cover the company operating costs which are reported to be US$1.4-1.5mil per month.
Then we have the additional US$400k monthly just to cover their existing credit card debts.
Small flakes and low purity will not cover their OPEX or loan obligations and the amount of jumbo's they have produced/selling isn't help much either, US$921 per tonne without paying Wogan their fees.
