You will also notice that the feed rate and grade will increase...

First 33 Last

Share
Profile

Follow
Nikec

2,468 Posts.

1

11/07/17

12:26

Post #: 25790100
Share

Originally posted by sf120 ↑

loans are being deferred and will continue to be deferred until they can be paid back. We know there is institutional support as rest assured calling in the loans now is far better than calling in the loans 2 years from now. As long as there is a possibility to recover the full amount , then lenders will take it. This means although we are not making money with loans included, we are certainly making enough to cover cost and avoid the CR.

The actual ASIC for this company should have been 1..25-1.50's and at one point it was. We will get back there one day as the mining model and recovery rate that drives it. This was the investment proposition so many years ago, it hasn't changed. The current situation is simply bad management and unlucky circumstances.

The pond issues and material handling issues were reported as partially solved in Q3 Reporting. I am not saying they are solved but given less production = higher ASIC, the ASIC we last saw (2.65) was the upper end. The quarter prior was 1.96 so increasing production has a big impact on profitability.

I also note the turn around from problem to solution with the sampson was impressive, there is clearly a plan, the best thing we could do is have skipped the commodity bear market we are just getting out of now...

Expand

You will also notice that the feed rate and grade will increase this quarter as a result of mining.

When mining recommenced, im certain that they would have selected a site with higher ore yield in order to improve profitability in a time of uncertainty,because thats what i would have done.

Last edited by Nikec: 11/07/17

TGS Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

RCE

Recce's R327 found effective against E.coli during clinical trial

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Microcap Wrap: 5 explorers with news out today

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%