CPDLC,
''No need for them to keep repeating it! I imagine they will schedule it in during the 33% capacity upgrade to the L8 shaft."
It is not repeating it, it is acknowledging more up to date information, plus the reason for it being re-lined is because it was damaged early on, a point you failed to mention, so did the company for that matter, but it doesn't take rocket scientists to work out what is going on when you get.....
"The vibratory feeder to the primary crusher was found to be unsuitable and was taken offline in December 2013. Subsequently all feed to the mill was loaded through the emergency feed station resulting in uncrushed run-of-mine (ROM) sized rock being fed directly into the SAG mill."
What do you think that would do to the lining? If nothing then why not keep doing it? The liner seems to be being replaced very early in it's expected life, add 2+2.
You have been bullish and had a buy on this from above $2. I was also bullish back then, but with the last quarterly, or should I say leading up to it, I bailed because I was wrong, all is not right with this mine.
If you go to the AGM are you prepared to demand an AISC as most other companies now give so we can stop the guesswork?
Are you prepared to demand that mine safety standards are raised to Australian standards, before they kill any more workers? (this is a very sore point with me as I was badly injured in a workplace accident a few years ago, therefore understand how easily overlooked some safety precautions are until something goes wrong.) 3 deaths in less than a year means something is wrong.
""US$3.4m on capital works, associated sustaining capital at the mine and mill and infrastructure"
Do you not read the words sustaining capital there?? I think a goodly proportion of it IS sustaining capital, probably most!!
Quarter after quarter we read reserves 7.2g/t resources indicated 11.8g/t (do you notice a discrepancy?), yet they mine 4.8-9 ,5.1-2. It just doesn't add up. They have been holding out the 7-10g/t carrot for too long to be believed as mineable.
As I mentioned earlier, you have been bullish on this while the company has lost over 2/3rds of it's value and possibly a lot longer. When would you turn bearish?
Expand
(20min delay)