Hi spid81 I did ask when is a audit going to be done on the plant to identify what needs replacing…You commented that seawater has little impact yet we can both recognise seawater is extremely harmful which could effect production targets if not maintained…
Its not good enough waiting for breakdowns to occur…An audit of the plant and excepted rate of deterioration should be completed immediately and become known…Investors need certainty and a brand new excavator is not likely to change the bottom line…
The company announced a $6.2 million sales in January and now in April a large payout required and 30 million new shares issued…
It seems the plant once ran at a profit but not anymore…Is this due to seawater impact on the plant motors and shafts…? Bearings and any moving parts of the plant will be impacted by the effects of seawater…I thinks it’s fare to understand the remaining life of the plant should be better understood when funds are tight and mounting debt is required…Fingers crossed this can be turned around quickly. Otherwise one may not like the ending…
