GREY:RNKLF - Post by User
Comment by
ProfBaIthazaron May 15, 2019 4:44pm
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Post# 29750247
RE:Specimen stones
RE:Specimen stones Selby simply cannot stop himself from overpromising/underdelivering, & telling partial truths to the shareholders, creating a false picture.
Selby conf call: "HGO mill relatively-new". Westgold annual report: "The operating performance during the year suffered a significant set-back as the original four stage crushing circuit began to show its age and the fine ore handling systems succumbed to the abrasive nature of the Mt Henry banded iron ores. The crushing circuit required significant maintenance with the impact being downtime. A decision was made to hold the workforce together and ride through these difficulties and repairs on a continuous basis."
verypoor wrote: Wow, they have been borrowed against and money spent already. Haven't even sold them yet. Let's hope Selby didn't morgage them for his first vastly overestimated gold content or when they do sell, RNX will still owe money on them. What a mess!