Post by
Jack79 on Jul 25, 2021 5:17am
Wants create a MIRACLE, show us engineering MARVEL...
A lot of confusion there....jumping between core KPI & supporting KPI. "0" gold produced then says we stacked tons of ore in cell 1-2, zero LTI. Where is the ENGINEERING calculation? A "Master plan"? Why waste resources on mining & stacking once processing not working....and how they controlling recovery rate during rainy season?
Crusher overloaded then broke, stacked ore without leaching, delayed processing due to cyanide shortage ... but STGO somehow operating that mine, one way or another.......like trying to put square peg in a round hole......
What is a Material facts/events in terms of finance & operations? For example "Stacked ore".....in finance its Inventory, for ops its ready to leaching heap. What will happen when 3 more months during rainy season heap not leached? lower recovery rate, loss of gold? How STGO controlling that valuable inventory? + How STGO disclosing/revaluing stacked ore - inventory?
Everything directly related to the gold is material, i guess. Production might shut down due to winter season & shortage of cyanide is totally obvious fact. You don't need to be a "rocket scientist" to discover that, tell it to all shareholders. Covid-19 risk is certain, repetitive lockdown is clear ... what else obvious facts we've experienced?
Rather, obvious facts STGO hiding, more interesting is hidden material facts such as "Stacked ore" phenomenon. Its directly related with engineering failures & misstatement. I think, sometimes they confusing engineers with mechanics.......imo
Comment by
Ogopogo007 on Jul 25, 2021 7:02am
or confusing "webinar ounces" with "ounces to be sold" to pay bills, pay for Ph 2 etc. That's doing it "Mongolian Way" I hear the top 1/2 of doors at HQ have been cut off...so Pinocchio's can walk around without hitting them !!