Every processing plant has recovery issues and more often than not the first 12-24 months is spent optimising the process and adding/removing (generally modifying /adding) processing equipment.
every business has had its share price smashed after start up , be it spod , graphite, gold , copper ….they have all copped it at some point and it’s generally a capex thing ( keep it as low as possible) during construction phase . Get it going then add what is needed ( easier to fund & different tax codes).
its share trading one o one …..look at any chart which shows a flow from discovery to operational mine ……share price follows the same trend .
they will sort the recovery issues ….in fact they would of known it wouldn’t hit the target in the feasibility studies ( they generally all miss that) it’s more seeing how far off .
the CR at 40c does suck but better off having no debt at this stage .
what’s the plant run ? 14 weeks in total wasn’t it? ….they are in a pretty good position to tell you the truth.
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