If you read through this 'porous' attempt to stop the bleeding from the companies ineptitude you will see all of the 'hopes' and 'maybes' from this well orchestrated PR. They must have been holding this in the drawer for a day when the stock got hammered.
The following are fallacies or outright BS.......I am going to dissect this announcement so you can see what I am talking about. Remember...everything to date about this expansion is just 'talk'.
a) Production will be expanded from 17,500 tonnes per annum (which they haven't achieved yet) to 35,000 tonnes 'with commissioning "targeted" for 2018/early 2019.
Come on man ...you guys can't even get production up to full run rate of 17,500 after 3 years of commissioning and you want us to believe you're going to hit 35,000 tonnes....p l e a s e....spare me!
ORE Price at posting:
$4.03 Sentiment: None Disclosure: Held
