I thought it was obvious they would be raising at some stage, and even posted on it, got pecked by some ostriches.
https://hotcopper.com.au/threads/an...6827449/page-40?post_id=62439442#.YzU_4bRBxhE
Re expansion: They might be confident about the debottlenecking without getting the full draft of the report. $10m is cheap for an extra 17% throughput.
It has been a really tough time for all goldies. No surprise something goes slightly wrong, and they have provided a chart to give the exact scope of the miss, and they are not really very far behind with A 0.25% lower grade than planned, when they have missed about 1m BCM of movement, hopefully some of that with a better grade, when you look at the LOMP.
The majority of the cash is for working capital which derisks the balance sheet, which I think is good news. I didn't want to be far into anything that is sailing too close to the rocks. So am happy - hoping to get some in the placement and SPP. Wait for gold to have its day.
GLTA
Ann: Trading Halt, page-36
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