Yesterday's heading for the announcement was way over the top negative and was irresponsible. Firstly 63mm of rain fell at hera which has been under care and maintenance. One of the only responsibilities at Here is to check the tailings water level does not get high. How are we paying $1 mill to keep hera closed and this was not done. Secondly Federation is a brand new mine how is it even possible that a design was not made allowing for even a 200 mm sudden rain event not to impact the mines operation. Thirdly if they make panicking announcements like this that don't affect anything as Dargues and Peak sites are operating normally. Then why did the previous Management wait over 2 years before informing the market that Dargues had huge problems and they over spent $130 million on it. Be consistent with your announcements and Management should give us a update Today today as it is not hard to access water damage.
AMI Price at posting:
10.8¢ Sentiment: Buy Disclosure: Held
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