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plough

34,371 Posts.

1938

27/08/24

02:35

Post #: 75384438
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Originally posted by informativeation ↑

“I don't see how KordaMentha can run the mine better than existing management. DR laid out a plan to resolve the grade issues... what could the administrators do differently?”

Run the mine better?

A plan to resolve grade issues?

Mate, my 12 year old grandson would do things differently.

My bet is that KM will use “true” independents and management to find out what we knew from the start.

Should never have been built, can’t be resolved without at least a $5k Au gold price and all punters have done their dough.

Some of you seem to take comfort in your assumptions that certain parties wouldn’t involve themselves without taking on appropriate due diligence.

How wrong you are.

Once it all comes out, you will be asking different questions and make vastly different assumptions.

Expand

Wiluna is being run profitably under administration ( or was 4 months ago) - can be profitable IF there is a valid better way of doing it .
CSM with Michael Kiernon did the same back in 2004 (that was Manganese and chromium open cut)
here mining costs per tonne moved was far higher than industrial average if you do some back calculations , drop that and you will at least make the supposed loss lower

Last edited by plough: 27/08/24

CAI Price at posting: 11.5¢ Sentiment: Hold Disclosure: Not Held
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