Australia's largest stock trading and investment forum Australia's #1 stock forum

SSR

Click for more information

0.44%

$6.86 ssr mining inc.

Latest company report suggests employees have been detained? Not...

First 3 Last

Share
Profile

Follow
brown2348

1,044 Posts.

124

17/02/24

16:32

Post #: 72461611
Share

Originally posted by roka: ↑

Testing by the company so far not turning up cyanide in the slip material. Maybe they were still stacking up ore on the leach pad and hadn't yet introduced the cyanide to start the heap leech. Would be a relief if there is no leak into the Euphrates river. Company keeping details close to its chest as investigations ramp up.

The slip went into a barren area, and not the mine itself. Unfortunately 9 miners are likely lost, condolences to family, friends and colleagues.

If this is only ore material, and no cyanide is involved then I would guess mining to restart in about a years time. Turkey needs the export income. Alternatively if cyanide involved then there should be a full clean up and reapplication for environmental permits, showing they are meeting relevant standards, before mining restarts. The later taking 2-3 years.

Hopefully SSR doesn't make up much of your portfolio. Here's a take on the incident with more camera angles. It's early days. I wouldn't be ready to buy more for at least 6 months when the risks are better understood.

Expand

Latest company report suggests employees have been detained? Not sure i am ready that correctly, or are they suggest something was done by employees to cause this?

SSR Price at posting: $7.32 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

End of FY is a time to juggle wins, losses and capital gains taxes

Time for retail therapy buying in the shopping Scentre for hot stocks

Eurozone-based companies find new ways to secure a regional lithium supply

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

There are more pages in this discussion • 1 more message in this thread...

First 3 Last

Add SSR (ASX) to my watchlist

(20min delay)
Last $6.86		Change 0.030(0.44%)		Mkt cap ! $29.93M

Open	High	Low	Value	Volume
$6.90	$6.94	$6.76	$24.08K	3.489K

Buyers (Bids)

No.	Vol.	Price($)
1	10	$6.86

Sellers (Offers)

Price($)	Vol.	No.
$6.89	387	3

View Market Depth

No.	Vol.	Price($)
4	211	6.840
1	10	6.830
1	200	6.770
2	527	6.760
1	1648	6.480

Price($)	Vol.	No.
6.890	387	3
6.900	10199	3
6.930	10	1
6.940	10	1
6.950	10	1

Last trade - 13.21pm 25/06/2024 (20 minute delay)

SSR (ASX) Chart