QRTLY Result, page-35

A pretty shocking set of figures. Basically they can only mine ore at plant production level for 6 months of the year, and unless they have the ore on site ready for use their production during the rainy season will be way down.

Management has lost a lot of credibility.

Thanks Autosime for warning us.

I was wondering if the rainy season was affecting production, and I should have taken that into consideration.

Their claimed ability to produce at around 200k ounces per annum looks very suspect, as do their very low AISC claims.

The upside is that the next 2 quarters will be much better, and they seem to have found some more higher grade ore.

loki