OBM

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63.0¢ ora banda mining ltd

Not good. See who was the first seller of ORN shares today....

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Bigunks

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01/08/18

18:08

Post #: 34675684
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Originally posted by CaptRapp ↑

https://hotcopper.com.au/attachment...2/?temp_hash=230b32f0c9ecd87f64a5ecfa3bd756ee The real concern is the fact the plant has not hit it straps in terms of throughput. Page 16 covers the 2018 Revenue Guidance and the actual processing figures. It is clear that the overall recovery of gold is well off target, suggesting large losses of gold to tails by liberation issues, or issues with loaded carbon and issues with the elution circuit. Page two has a small note "loaded carbon quality was improved by the optimistaion of the operational process" So either they were not loading the carbon in the first place, had issues with preg-robbing materials, the carbon may have been in the circuit for to long (dwell time), the carbon reactivation was an issue (regeneration kiln) or it simply was not liberated enough in the first place.

The lower than forecast head grade coupled with the low recovery is the key issue ( 27,197 ) ounces or ($65M).

Outlook - More low grade ore from Stockpiles (Sept quarter). Mill tonnage restrictions to 60000 per month ( is this all three months?).

GR Eng arbitration coming up after EGS's forced the arbitration, lost the ability to limit the arbitrator - last court action. More pain on the horizon.

Also I am lost as to why EGS constantly say under the GR headed that the wind up application was subsequently set aside, when this application was from Genanalysis for failure of a $300K payment. Nothing at all to do with GR in any way. Interesting that they keep saying it was.

I hope for the shareholders that things improve. But I am finding it hard to believe that a third capital raising for mining and milling ( page 17 - long lead items ) will help.

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Not good.

See who was the first seller of ORN shares today.

EGS Price at posting: 11.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 63.0¢		Change 0.010(1.61%)		Mkt cap ! $1.173B

Open	High	Low	Value	Volume
61.5¢	64.5¢	61.0¢	$1.445M	2.308M

Buyers (Bids)

No.	Vol.	Price($)
4	95495	62.0¢

Sellers (Offers)

Price($)	Vol.	No.
63.5¢	3317	1

View Market Depth

No.	Vol.	Price($)
1	10000	0.620
1	20000	0.615
1	840	0.610
2	15100	0.600
1	700	0.595

Price($)	Vol.	No.
0.640	195050	2
0.645	64250	1
0.650	150934	5
0.655	47046	2
0.660	10769	2

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Not good. See who was the first seller of ORN shares today....

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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BCI reaches close of funding facility for salt-first part of Mardie project

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Not good. See who was the first seller of ORN shares today....

Top Stories

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Buxton projects new graphite province discovery at WA Narryer play

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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Buyers (Bids)

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