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31/10/17
00:52
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Originally posted by Larkin
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Agree,
Let's just see what the results are first.
Looks like many games being played @ our first Auction.
Yes, we have a bit of work to do regarding the grading/parcel sizes ect.
From what I can gather, buyers are looking for larger stones.
With the upgrade and ramp up of plant recoveries we should also see an increase in the larger quality stones for our next auction.
IMO most likely the majority of the smaller stones are coming from the artisanals.
Could possibly look at an offtake agreement for the really small stuff.
Also have our graphite Jorc due anytime now, let's not forget that also should add some value.
All is not lost. Just our first auction from which we will learn.
Dyor
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I am sure they will.
It would appear that something made it to the Frankfurt exchange, as no trading today on GGY , and the market was open, but will not be open tomorrow due to a Public Holiday.
Cheers
gsmaree