In this announcement, Chairman Mr. Rawlinson said
"We are making good progress on alternative plans to create additional tailings capacity, and we are concurrently revising the mine stope sequence that will aim to maintain metal output while minimizing tailings generated"
WHAT does this mean, does it imply there will be a reduced metal output to lessen the tailings generated?
Paul stated in the last quarterly they still exploring and also commissioning a study to see how the company can increase its output to 1300 tons per day – make no sense why you would do this before the tailings issue is settled, the plant has ramped up to nameplate capacity and conserve as much cash as possible until generating a positive cash flow!
There are numerous questions which require honest answer rather than half truths
Ann: Executive Management Changes, page-34
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