RE: Water permit issued. opens at 1.50 MonAll the ducks are apparently, now in their proper row.
Later last night printed up and went over the financials much more closely.
NOT a pretty picture folks, but remember one thing,, up until the end of March 2010 the new board was just in the precess of getting itself set up so these financials are the lingering stench of the previous management.
MSW is the key right now, MSW is the super cheap gold until they can gel Ezulwini running at a much higher efficiency level and that I believe will come. The cost of Uranium though has to go up at least 30% to make this a go they should ahng on to most of it if they can and sell it on the market when it does rise. Not sure that would work though.
I never realized the severity the poor planning and extremely poor execution at Ezulwini, the cost per ouce to recover and work was rediculous they never should have been there it appears but they were, and that apparently is the responsibility of upper management to decide the best course to take on the advice of the science brain people. The old management really dropped the ball on this I think.
Are we out of the woods? Who the HELL0 Knows but I know this, the company would have been bankrupt by the middle of this year had nothing been done. There has been another 150 million invested on this project, and hopefully that is the end of it and the main worry we have going forward is how much gold is being processed.
I'm a little concerned about having to build that oxygen plant...68 million? another big capital cost, .
TO factfinder, where were you in the past 6-10 weeks? not here , and you know why right? because you were being a nuisance using your other alias hmmmmmmmmmm.
People read what you guys say and laugh, you;re a joke, as bad as some of the pumpers we have here but in a much sillier way. I have Hmmm on ignore and I guess you;re next... Neither of you two seem to give any real reason to be down on FIU aside from you both need mommys tit or were pulled off it too soon and are using this venue to recover from the lack of attention ...
Very best of luck to all of you on Monday not sure in the least where this is going.