Simons reply on ball mill query;
"We had paid for 1.2 of the mills and the remaining 0.8 of a mill was becoming due.
We did not want to part with an additional $4m while the Andash timetable was uncertain.
We were also incurring substantial monthly storage charges."
Simply a timing/cash flow issue which makes sense. With the equipment now hired out it will also reduce our cash burn in the Republic. All prudent moves!
Ann: Half Yearly Report and Accounts , page-18
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