Hey F&B there has been no direction from the company how the...

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Trigger26

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09/07/24

22:16

Post #: 74680329
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Originally posted by FishingAndBeer: ↑

one point being overlooked is the grade, we can continue to produce our 25-30kozpa while also processing GL's ounces and have a reduced AISC on our ounces becuse the mining cost is shared and the grade is substantially higher.
However this notion I have is purely speculation and has not been confirmed as a strategy by the company.

however if this is the case, then we are adding significant life of mine / ounces / tenements without diluting the registry and without debt.... to that extent; the methodology makes sense, the pricepoint of the transaction may be a point of argument.

The failure to address our shareprice, that is what is upsetting shareholders the most, a completely unnecessary and avoidable friction. This is now spilling out to effect shareholder sentiment towards management, and a deal that would have sailed through might not go so smoothly.

I dont know what to make of Colin's post, it could be genuine, or it could be anyone faking it.. it would require the company to verify such communication i suppose.

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Hey F&B
there has been no direction from the company how the mining & processing will be handled .
Below is a link from 24/03/2023 and is my worry about the mining and processing costs .
https://app.sharelinktechnologies.com/announcement/asx/7d797f18103281e39384a52b7242a6aa

BCN Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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