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clock Created with Sketch. 02/08/18
11:18
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Originally posted by CaptRapp
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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.
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A capital raising will just clear outstanding creditors, primarily MF, unlikely to be of any use to milling. The use of low-grade stockpiles and underground ore might be a function of the open pit contractor refusing to do any more work until paid.
(20min delay)