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[1madmarky] 24/10/2022 07:29

Umm "Although higher volumes of the hard bank were present, the initial updated model indicates that there is sufficient sandy ore available within Pits 1 and 2 to support mining and processing activities until at least the end of 2023"

[jotoha2] 09/8/2022 09:54

They need to dump the fools running this company and bring in some expertise with a track record , could easily hit 1p

[the count of monte_cristo] 09/8/2022 08:16

I think the management have been very conservative with the truth with their announcements about production and ramp up, after two years they still can't get it right. Either the CEO was pushed out or resigned because he had had enough, never a good sign.

I'll continue to watch, if ever they can actually mine correctly they should make a lot of money..."should", lol. Will check in here in a few months time.

[1madmarky] 09/8/2022 07:54

Yeah, the commodity price is 3 times what it was. So should be a no brainer... however if you fail to notice that the resource has hard bits in it and subsequently don't design your process to handle the hard bits then the resultant plant might not be worth much.

[the count of monte_cristo] 09/8/2022 07:29

No, they didn't fix it and these guys are continual losers, you can see why the CEO left in July. The business could be a huge money earner, but by the time these fools have sorted the problems out they may have run out of cash.

1MadMarky27 Apr '22 - 07:20 - 221 of 237

It's a process.... it will be fixed. Just a delay. The important thing is the commodity price.

[the count of monte_cristo] 09/8/2022 07:25

More delays, the management are very incompetent here. Costing a lot of time and money.

[1madmarky] 20/7/2022 07:22

Umm... not really leaving on a high is it?

[the count of monte_cristo] 05/7/2022 16:22

That's if they can achieve it after years of delays and excuses.

[1madmarky] 30/6/2022 07:27

The primary focus of the year ahead will be to increasing ramp-up of operations to achieve nameplate capacity and enable the first commercial bulk shipment of phosphate rock concentrate while optimising process recoveries. Full production capacity is expected in Q4 2022 .

Zzz till then

[ppvn] 06/6/2022 15:23

Was just wondering why the rise on slim volumes. Little mention in the fool over the weekend.

[papillon] 28/4/2022 17:25

XTR & MILA have the best idea, TCofMC and that is to prove up their deposit and flog it to a company that has the expertise and experience to mine successfully. KRPZ and PUR highlight the dangers of attempting to mine without the expertise, experience and (crucially) financial resources to successfully overcome any initial teething problems.

[the count of monte_cristo] 28/4/2022 13:44

They had two years to fix the problems and organise the buyers:)

[1madmarky] 27/4/2022 15:37

If it keeps dropping.... might have to buy back 🤔

[papillon] 27/4/2022 14:31

KRPZ appears to be going the same way as PUR.

[briggs1209] 27/4/2022 11:55

This won't be the last RNS asking for more money from ARC, this is just the one to get past the end of the month.

I suppose ARC are now in so deep they must keep lending.

Back to 6p at this rate

[gotabsirius] 27/4/2022 10:30

Yes it's very rare for these things to work straight off and often require adjustments. Obviously have buyers for the product once modifications made

[1madmarky] 27/4/2022 10:27

Agreed, but until you have cranked the handel, you have not cranked the handel. It may all have looked good on paper but the real world is somewhat different.

[the count of monte_cristo] 27/4/2022 09:58

They messed up 2 years ago, made some basic mistakes, seems like they are repeating it again. They should know how to run the plant, it's costing money because they have messed up.

Look at PUR, look at that companies stock performance, possible for it to go into receivership. Yet, they have one of the highest grade gold mines in Canada. If you mess up, it can go very badly. People have been buying in here on the back of rising fertiliser prices, that's basically it, but now it requires more and that is the competent running and operation of the plant.

If you own a business and you don't sell anything but have bills to pay then you can only do that for so long...yes?

[1madmarky] 27/4/2022 08:52

Excuse my ignorance but krpz are running the plant having never run the plant before.... yes?
So is it not a learning curve?

[the count of monte_cristo] 27/4/2022 08:31

But, they have been delayed for 2 years and it seems like they are incompetent about running the plant, which should be straight forward.

"The delay has largely been driven by the need to re-engineer parts of the fine flotation circuit as proposed by the vendor, but has also been caused by early unpredicted ore variability and lack of operator experience".

Also, I don't think they actually have many buyers for the product and haven't really been that honest about the situation.

[red army] 27/4/2022 08:26

A little worrying in the statement - has also been caused by early unpredicted ore variability and lack of operator experience.
What the hell is ARC doing with respect to due diligence???

[1madmarky] 27/4/2022 07:20

It's a process.... it will be fixed. Just a delay. The important thing is the commodity price.