You know that is bunk, right?
Post had nothing to do with my confidence because of Orelogy's new studies but more so that you made statements that are completely untrue!
re: the Company hadn't costed in the removal by hydraulic sluicing method into the AISC
re: the history of failed targets being based on guesses
The ore body nor the LOMP was not the cause of the company failing to meet guidance targets, since Morila went into production, the mine reports were generated and sent to the company, whether the time lag/s that were as suggested by management are/were plausible makes little difference now but there is still a lot of missing pieces (IMO) because it just does not make sense and it is hardly worth revisiting all over again.
The new studies were commissioned on the back of the updated MRE and I quote bullet point 2 from the announcement:
https://www.asx.com.au/asxpdf/20220921/pdf/45fbl4zcrq6mny.pdf
"Medium Term Production Plan (MTPP) based on recently updated Mineral Resources."
As for the notion of going into hibernation, yes that can be achieved but it would be outside the auspices of being listed on the ASX because "again" a listed company cannot abandon/divest its main undertaking and do nothing. Although the ASX / ASIC are not watch dogs investors would deem to be efficient at least we do have some recourse as an investor that the company has regulations / guidelines that they have to adhere to. Being de-listed still has ASIC as a regulatory body but it is difficult/impossible to get information from the company now, how do you think we would fare if they were not listed?
IMO, I still think that the likes of (particularly) VanEck would have some / a lot of influence of the preferred direction the company indeed does take, they currently have circa $32M worth capital tied up in FFX.
cheers
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