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We've had this talk. We didn't make up this figure of 56000...

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WayTooLong

644 Posts.

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05/06/19

13:00

Post #: 38919367
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Originally posted by sydneyguy ↑

obviously lots of positive improvements , but what about all forecasts by many after the last QTrly report of 48000T to be produced this Qtr and shipments of min 56000T ? -

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Originally posted by WayTooLong ↑

Let's get something straight.

Im not forecasting those numbers. I didn't make these numbers up out of thin air. I don't even make up those numbers.

That's very disingenuous of you to suggest so.

They are straight out of the Quaterly.

The company is forecasting those numbers. They're in the best place to do that as they are operating the plant. I'm sitting on the internet 1000s of miles away.

It comes down to this. Either you trust management that their numbers are correct or you don't.

All we can do is look at the numbers and see of they are within reason.

E.g

Lost production to TC. 2677 tonnes.
Take the March figures difference.

The update says daily run between 500-600 tonnes a day.

14000 tonnes a month would make daily run of 466 ton a day.
So yes, 500-600 ton a day is reasonable production figure.

2677/500=5.4 days lost production...

Yeah sounds reasonable. So I think the numbers are doable.

But to reiterate, I DID NOT make these production figures up. They are there as a ASX required price sensitive market announcement.

I also did not make up the bit about the late March shipment going in April. And it's easy to check to because income would have been closer to $19 million AUD for the quarter instead of $13 million.

So I'm not forecasting anything.

I have an expectation. And I'm in a position to judge whether the progress their making fits the roadmap.

Nothing wrong with looking closely at a investment with a critical eye, I don't think it was a quarterly to write home about but if you don't even trust the company updates and guidance, then why bother reading them sydneyguy...?

And the last thing you should do is trust some anonymous words on a random chat forum on the internet with your hard earned money...

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We've had this talk.

We didn't make up this figure of 56000 tonnes. It was guidance given from the company. They arent forecasts by anyone except the company themselves.

Yes they've on track to miss their guidance according to their yardstick.

People can make their own judgements from that as they will.

AJM Price at posting: 11.0¢ Sentiment: None Disclosure: Held
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