It is my understanding that the problem or delays are not due to the HM3 but there have been issues with some of the other equipment for the mining and removal of ore from the mine. The previous management team left this equipment with little or no maintenance additionally the equipment was not really fit for purpose when initially procured. The capital raising will be used to fund the purchase of some further equipment to allow the mine to operate efficiently
OGX Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held