The upgraded new milling circuit has been commissioned but, during load commissioning, a compartment of the SAG mill power pack failed. The controller to the power pack has also been deemed faulty and needs to be sent off site for repairs. This is a Vendor supplied, installed and commissioned package and the Vendor has recommended that the whole power pack and controller be returned to their workshops for repair. A complete new power pack unit will be supplied within the next 45 days, therefore, the mill will not be operating until the Vendor has installed and commissioned the new controller and power pack unit.
So during load commissioning a power pack fails, at which point in time the vendor would have been notified. From which time the vendor says 45 days to replace
Then on the 4/9/13 MML updates the market.
Pure speculation here but I reckon the new power pack is on site and installed and we will get a market update soon.
Conclusion of speculation is this is a shake out to get more shares at a lower price before good news and increased production drives the share price higher
- Forums
- ASX - By Stock
- giddy up
The upgraded new milling circuit has been commissioned but,...
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add X64 (ASX) to my watchlist
(20min delay)
|
|||||
Last
57.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $130.1M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
X64 (ASX) Chart |
Day chart unavailable