ADT 0.70% $4.26 adriatic metals plc

In this announcement, Chairman Mr. Rawlinson said"We are making...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 309 Posts.
    lightbulb Created with Sketch. 46

    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

 
watchlist Created with Sketch. Add ADT (ASX) to my watchlist
(20min delay)
Last
$4.26
Change
-0.030(0.70%)
Mkt cap ! $1.184B
Open High Low Value Volume
$4.20 $4.29 $4.11 $2.156M 508.4K

Buyers (Bids)

No. Vol. Price($)
1 2065 $4.25
 

Sellers (Offers)

Price($) Vol. No.
$4.27 2000 1
View Market Depth
Last trade - 16.10pm 18/11/2024 (20 minute delay) ?
ADT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.