good to see overall positive release updating on ramp-up/commissioning operations, and provisional payment - maybe they are listening, disappointing market response though, maybe time to accumulate more at low SP levels?
some concern that they were quite on bauxite quality which is obviously very important, as its all about tonnes and grade, would not surprise me if they stuffed up initial mining not having sufficient grade control-selective mining supervision and or blending as new operations often overlook this vital importance, there is bauxite and bauxite, easy mistake for the inexperienced and or lazy management......however on flip side usually easily corrected and they have access to BH1 which has better quality bauxite thicker and easier to grade control and selectively mine and separately stockpile for blending to ensure quality being shipped plus they reiterate 2Mt production this calendar year 2018 which I took as the most bullish aspect of the release.
look forward to next release update, like to see breakdown quality bauxite shipped and payments received in ongoing reporting, easy stuff besides this is only business MMI has so keep it transparent and simple as it should be.
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