I'm of the same view as you Drumo nothing's changed IMO. I only just read the full announcement as i've been very busy at work and really can't see what the fuss was about.
The big take away for me is HM3 works and recovered 84% for 6.4 GT from our low grade ore and tailings.
These delays seem reasonable. I'm currently working on a project that has a strict timeline tough specs to meet with stiff penalties for non completion and are dealing with problems daily caused by the customer. It will be all good in the end though.
• 2 days downtime related to imported pump breakdown and replacement;
• 2 days delay waiting for an electrical panel replacement;
• 8 days downtime from ongoing breakdowns related to the main shaft of the tailings thickener;
• 1 day of downtime for impact plate maintenance;
• 2 days downtime from unexpected power outages caused by a lightning strike; and
• Slower mill feed rate due to cone crusher breakdown
Management seem to be on the right track with their back to basics strategy and I for one am not at all concerned at today's announcement. It's all good IMHO.
OGX Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
