AGM 0.00% $1.60 australian governance & ethical index fund

early production, page-3

  1. 5,741 Posts.
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    "Meanwhile we are still busily mining and stockpiling and successfully continuing to burn capital."

    "I think this pre production/treatment mining is an expesive mistake!However am now a holder again but am losing some gruntle."

    Now before you work yourself up in a lather, shall we just put some rationale into the equation.

    The loan facility is there because they were always going to need it, otherwise they wouldn't have asked for it.

    They are going to have to get the ore out of the ground sometime so it is a common and respected way to do it. There is no use in waiting until the mill is finished. Also it ensures the mining practices are working probably before full ramp up.

    I am confused why you believe it to be an expensive mistake.How is it anymore expensive to do it now or later on, it still has to be done.The cost is the same.

    Just settle down, take a deep breath and wait for production as it will all be worth it.

 
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