Cabe, good to see truth being posted instead of bull$hits.
Quoting perpetual spruiker - “nameplate capacity will be a highlight in this weeks news letter. a 95% name plate capacity is just a good as 100% in this case.
remember cmq went from a pilot plant 1 tpa to a large 20tpa. that in itself was a huge achievement. obviously the next one they build will have all the issues addressed from the beginning”.
What an achievement – CMQ had been having problems since day 1 and it had been years. Was supposed to have overcome problems with muktiple expert reports to Mizuho in which were touted as the great solutions. And in Jan 06 Mr Williams even had a special ASX announcement to expressed he is very confident of achieving 100% only to have it changed. The fact is CMQ has to expand capacity to 50 tpa & then 200tpa to be commercially viable. Great dreams when CMQ cannot even achieve 20tpa.
Quote: “one thing ive noticed with this new management team is that they have a DO FIRST attitude and announe second. ive stated before WILLIAMS will turn this ship around, and believe me the ship is turning.” Oh yea? Is that why Mr Williams made announced to the ASX about achieving 100$ capacity in Jan? Get real.
Cheers.
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