What I heard was that this is the first barges operating on this specific route of the river. They are taking it cautiously to map out any hazards for the future; future travel will then be more efficient.
I also heard that in the half year report next week we will have details on an extension of the debt facility if required.
the conveyor system more like May but not an issue for now as small production quantities.
Plan is to ramp up from 10k to 40k a month this year once the logistics have been shored up, and funds are there to do this, from sales or extension of debt facility
The mining contractor is still working and will ramp up in the near future with additional equipment
I guess what I take from it is that it’s more complex than people envisaged, but to save expending cash they are ramping up slowly and cautiously to ensure the logistics chain is robust. As and when this is proved production and sales will increase. The money is going to be there one way or another without dilution.
believers believe and doubters doubt.
I’m only saying this as some people on here will say anything based on a theory and not substantiated with evidence. If what I say around extension to debt and barges turn up in the next week or so then those people’s theory will be squashed.
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