Hmmm. This smells.
So on 26 July 2022 the company announces "Major new gold mine delivered on time and on budget
First gold pour completed at King of the Hills on 5 June, with the ramp-up of mining and processing operations
proceeding to plan. Darlot's June Quarter and FY22 production within guidance."
So, now, they announce:
"KOTH Mining Ramp up in September Quarter (Page: 10)
● Ability to meet the KOTH OP and UG ramp up schedule was delayed by
COVID-absenteeism between May – July"
And check out the chart on the same page: I have added the red circle.
I can't reconcile the two snapshots.
Looks like May to July material movement was clearly indicative of a problem. Unless I'm missing something, it wasn't reported to the market on a timely basis by the company.
There is an old native American proverb that says "white man speak with forked tongue". I don't like to see shareholders being "forked". Anyone thought of talking to a lawyer?
Rosco
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