Post by
IamMagic on Mar 01, 2021 12:27pm
News from Ambatovy
Update:
One Acid Plant is in heat up while the other one cannot restart. Their Main Blower is down since almost 2 weeks trying to fix the problem. Expert has been mobilized today and will try to fix it.
The Refinery is not ready yet and has some delays also.
They will start production this month but will delay on their production ramp up after Care and Maintenance during the COVid crisis.
I don't have fresh news from Goro but looks like it is not restarted..
Comment by
Golder007 on Mar 02, 2021 11:19am
Sherrit was always managed by incompetent highly paid management. they need to lean down by 50% in their g&a or and make themself lean
Comment by
StockPick50 on Mar 02, 2021 7:19pm
Yeah, it's definitely a shortfall for the company. I am more interested in what kind of CEO they will bring in. This is also still an excellent price to announce some type of share buy back and get this thing rolling.
Comment by
IamMagic on Mar 03, 2021 4:37am
Just to specify that Sherritt is out of Ambatovy. I was just reporting news from Sumitomo's operation
Comment by
thenorthvanman on Mar 03, 2021 7:47am
Do u have a link for that BTW?