Sure was harsh......
So........... turns out they have had some production issues.....wet weather, equipment, mains power, 85% of production occurred in the first 7 weeks of the quarter. End result 158.1 ounces of gold and 147.2 ounces of silver for sales of AUD$270,229.
Come on Mr Market...................
As it stands this stock has an M/cap of under $10m----is trading well under independent asset values.... has around circa $1.4 cash (after top up placement approval), will have numerous equipment upgrades on track for a much improved next quarter and is exploring for gold and tin in rich regions.....
Cheap isn't quite the word for this stock..............
It's not like we are a $30m capped producer getting sold down due to productions issues.......we are not even a $10m capped explorer........we are set up for production and producing....established operations and lots of equipment upgrades coming online
We are under $10m.......... WTF........And directors still wan't to put their hands in their pockets for more stock
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Sure was harsh...... So........... turns out they have had some...
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