Interesting that they made the statement that they expected an output of 2000 Ozs in the month of September and it was already Sept 10 when the annmnt was made.
"Irrespective of the IsaMill issue, gold production is expected to increase from approximately 2,000oz in September to 4,000oz in December 2012 after which monthly production should stabilise at around 5,500oz, based on head grades and previous pilot plant test work. Silver production should be approximately nine times gold weights."
Dated 10 September 2012
PRODUCTION UPDATE, LAS LAGUNAS GOLD/SILVER PROJECT, DOMINICAN REPUBLIC
My question would be why would they make such a statement after the first 10 days of September if production didnt indicate thats what they were going to roughly produce in that month.
Surely they would make the call to the plant to check they were still on track to achieve such a number.
Whatever the case its interesting the lack of annmnt release whilst these placements and options conversions are happening.Perhaps they are giving Maccas time to flog some of the converted options to clients and then run the sp on POTENTIAL coming good news.Ive seen Maccas do this with placements before.May have been part of the deal for Maccas to come to the party with those options.
Hell,WHO KNOWS!!!
Not often I get frustrated, but when they said they expected 2000 Ozs in Sept one might rightly assume we would get confirmation of such a number or a lack thereof.
Maybe next week once Maccas has flogged some shares.Cant see them wanting to hold above 5% given the want for these instos to trade just about any stock these days.
d.
PGI Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
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