Just got off the phone from Liam, quite a good ambassador for his company, and I was pleased with his responses to all my questions.
The current recovery rate is somewhere between 90-92%.
They did have grade problems particularly early in proceedings while they were getting into the ore body, but has continued to improve over time.
Not quite achieving targeted production to the end of September, probably around 80% achieved in September.
October should be very close to 100% but if they fall a little short November they should achieve and maybe exceed 100% of budget.
Cash costs are around $700-$800 per ounce, Fixed costs are over budget at this stage but will be at budgeted levels when budgeted production levels are achieved.
The creditors situation is marginally better than previously reported but will not eradicate over night,
it is improving now and will get better with expected budgeted performance.
The quarterly in Liams' opinion should be released mid to late next week.
Liam is currently a shareholder of aam, I did not ask him for details of his shareholding for I thought it was none of my business.
Hope this helps.
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