Ann: Karara Operational Update , page-16

This announcement turns me from a long term investor to a trader of GBG - I will hold hoping for a small upturn then get out.
Once again forecast target dates have been sent spinning into the distant future - recently it was moisture and filter problems to be rectified this quarter, now it is "bottlencks", known and unknown.
The last para of the report says it all for me:
"The ongoing KML investigation will also assess other parts of the Concentrator to identify potential bottlenecks and any additional works required to achieve full design throughput."
They don't have any idea of what else may go wrong, and it's not only the final filtration system, but "other parts of the Concentrator".
Even if things go to plan (and when in the past has this ever happened?)capital will have to be raised (forget about "likely") to cover at least 12 months. Make a movie about this and title it "The Incredible Shrinking GBG".

Cantankerous