OTCPK:PGMFF - Post by User
Comment by
pogohereon Sep 29, 2016 7:36pm
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Post# 25292941
RE:RE:RE:RE:RE:RE:RE:news
RE:RE:RE:RE:RE:RE:RE:newsI listened to the Q2 2016 Endeavor presention (https://edge.media-server.com/m/p/5bazb3w2) wherein Karma was covered by management at ~min 28 and in the comments at ~min 41. My motivation was to assess the past performance of the team that built Karma and now manages Pure Gold.
I didn't hear any particularly concerning issues other than feed rate problems with the mill that limit it to 3/4 nameplate capacity due to failure to install the right equipment. Management is happy with Karma and expects it to be fully commissioned in 2H 2016 and fully meeting expectations by mid 2017.
None of this sounded to me like "big problems."
Do you have any details you can share about what you understand to have been "big problems" at Karma that now lead you to believe current PGM management is not up to managing PGM effectively?
Thanks