PLS 0.34% $2.99 pilbara minerals limited

Ann: Production and Sales Update, page-66

  1. 18,299 Posts.
    lightbulb Created with Sketch. 3801
    Further to NRW involvement
    from today’s announcement :
    .”....final production levels for the month subject to a nominal 6-day planned shut-down of the concentrator (currently jn progress), and production performance thereafter.
    The Company will utilise this plant shut down to continue to rectify prior works performed by the EPC contractor, while also continuing further plant improvement works with the focus of achieving design recovery by the end of 2019 (refer to previous ASX release of 28 March 2019).
    A further planned shut-down of the concentrator in the second half of July (of approximately two weeks) is also planned which will facilitate ongoing plant improvement works, RCR defect rectification and will support the drawn-down of existing product stocks to meet ongoing sales requirements.”


    NB
    https://www.seek.com.au/job/3918297...e34a-4389-a4b7-b11193d43988&type=standout


    It sounds to me as if this is just part of the ‘transfer strategy’ to accomodate the new partner ...
    I will buy more if I can
    Cheers
 
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