The root cause for the fault hasn't been determined yet. The part is effectively a 6m long steel shaft which snapped. It wasn't a critical spare as it was expected to last 10 years.
Operations are focused on mining and scalping at present as the crusher feeds into the log washer.
Replacement part has been flown into Singapore and expected to arrive shortly with the full operations resuming mid-December per the Announcement.
The AGM was a very small setting, roughly a dozen attendees/shareholders. There were a few questions which were mostly addressed in the other thread. Didn't give too much detail about the Scoping Study I guess due to continuous disclosure requirements etc. other than it will occur in December and will have more detail than your standard study given the level of work undertaken to date. The optimisation and design flow/reagent modifications meant the delays were necessary to revise the estimates.
Overall, I'd say somewhat reassuring that Justin is confident that once operating at nameplate the operations are profitable at current inputs, even though shipping is a key sensitivity and still above PFS estimates.
E25 Price at posting:
$1.05 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)