Shocker of a report.
Sadly for me, as it's my largest holding.
Also a lesson on start up risk that I might need to reflect on with some other start ups I hold.
The positive - plant is performing very well.
Beyond their control - Covid.
Negative - grade control, daily mining tonnage to feed the plant is still not really high enough on the graph they provided. Competency of some staff under question.
It also raises the question of management transparency - as the capital raise thesis is now open to question.
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