GUF guildford coal limited

breaking out, page-6

  1. 5,279 Posts.
    "Guildford Coal announcements are riddled with inconsistencies.
    The road, if it was constructed in a straight line would be 101 kilometres from the centre of the lease that contains the East Pit to Ceke. This road does not exist."


    Yes, a western standard road does not exist there. However the land the surface is likely being sealed with something like Otta seal. This would suffice and would not have taken long at all. For 100kms, I would estimate cost of around $200k.


    "I have not seen the announcement."

    Considering that the half yearly accounts have not been released, I wouldn't be assuming "no announcement - no progress"


    "Road construction and particularly sealing is not done in the winter in Mongolia. The conditions are too severe for people and machines."

    This is true. I do understand that the sealing of roads was being finished off. So I can only assume that it commenced prior to winter and is currently being finished. The thaw in the Gobi desert region has already begun and daytime temperatures have been fine for a few weeks now.


    "Your comments about snouts in the trough are well worth considering and close to the mark."

    I've been around the block a few times and still have scars ;). This has taught me when to recognize that a worm has turned......i hope!



 
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