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5.0¢ wa kaolin limited

Ann: Wickepin Kaolin Project Ore Reserve More then Doubles, page-30

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589 Posts.

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24/10/23

09:53

Post #: 70498966
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Originally posted by ZackLeo: ↑

Yeah. Pretty disappointed as they claimed multiple times throughout the yearly report that nameplate 200,000 tonnes would be achieved by the end of FY24 and even that 160,000 (80% nameplate) would be achieved by Q3 of FY24. Then in this announcement, they sneakily lowered all the projections without any mention of delays, issues etc. Instead, they hid it within the positive announcement about the extension of the mine life. Don't get my wrong, I am ok with delays and am in WAK for the long run but I am still disappointed to see them do this.

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In oct2021 they were promising nameplate production by end of CY2021. They have effectively zero ability to forecast their production ramp. What's worse, in my mind, is their decision to not talk about this and hope shareholders don't notice.

WAK Price at posting: 13.5¢ Sentiment: Sell Disclosure: Not Held
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