Quote (18 february 2019, share price : 84.5c) "Read it properly. Last announcement was regularly 40-45% and now it is 45%+ (and hitting 81% of nameplate recoveries).
Great announcement in my opinion as it addresses the two major concerns I had about recoveries and potential for a CR. The new debt facility provides the company with plenty of time to finish commissioning and removes all the risk of a CR dilution. Fast forward 2-3 months from now and this is at 90-100% of nameplate recoveries, zinc price is $1.30+, the company is cash flow positive, and the AUD is still around 0.7 and this could be over $2." End of Quote.
Look at how this turned out after 10 months (share price 23.5c recovery rates at 52% and burning cash like crazy)...Yup usual junior mining pipe dreams debt (avoiding dilution/cap raises now because they believe the share price will get better in the near future) stories...these junior mining managements never learn their lesson : raise money when you can not (and never) when you need to...
