guf not trading, page-3

was there a hint of another cap or debt raise? is that why low vol and down (as usual)?

"The Directors’ intention is to recommence mining at the BNU mine based on an initial mine plan of
1,000,000 tonnes per annum for 10 years. To get to this point will require further capital expenditure. The
Board will remain rigorous in its efforts to minimise further capital expenditure (half your pay please)  to achieve cash flow generation and will consider all options available to it. We look forward to updating you in the coming months to highlight results of our progress"

1m tonnes, is that all!!! - what happened to the 3mt or 5 mt repeatedly announced? saving ore until the sun shines on coal again? (or in china's case - is obscured by smog)
ridiculous! - talk about overpromise, and as the GUF story goes (to date) severely UNDER DELIVER!!!

WTF...seriously...

but even @ 1mt, thats $15m EBITDA profit ($15 margin). Unless they OVERPROMISED on that margin as well.

sell SPRINGSUREE back to Tsakis et al. I want our $30m back!!!