email to qol and reply first shipment

Since my query to HC regarding the first shipment and the lack of weight/vol/price information etc I emailed Mr Taff Greenwood.

For your info, his reply:-

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Thank you for your email. Mr Greenwood has asked me to respond on his behalf.

I apologise for the delay in responding which resulted from the need to focus on our financial statements which were released to the market on 30 September. I attach a copy for your information.

I note your observation that the ASX announcement regarding the tungsten shipment did not mention the weight nor the value of the tungsten produced. As this was our first shipment, final weight, grades and value will be determined by independent assays which will be not be advised for some time yet. In addition, the recent gyrations in the $A mean that an estimate of value now may be materially different to the final assesment. Accordingly we considered it inappropriate to provide this information until such time as we have more certainty on these issues.

Kind Regards

Garry Gill

Queensland Ores Limited