Difficult times.
How much of this downgrade represents a new CEO/board resetting things to start off at a lower base?
The mine is deep, recent drill cores have fluids at fifty-five degrees and ventilation becomes an issue. Potentially big costs to go deeper still.
But the ore grades are spectacular. The mining at Renison has generally been handled well.
I have just sold at a (big) loss.
Ann: Shareholder Update, page-45
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