RE: Excited10 Jul 2021 14:42
Hi Bilbo
'If Tim is so goodAt informing the market what’s going on, why did it take so long for them to inform us about the collapsed stope…'
I'm a Director at a mid size manufacturing company, our equivalent would be if a CNC went offline/down for a length of time, in those circumstances I wouldn't go running to the shareholders to inform them that our production would be lower than forecast, or that cash flow would be impacted. Thats day to day management stuff. Thats what I'm paid to manage. In Ramblers case it wasn't an RNS reportable incident, it wasn't even an unusual occurrence in mining. It may have been good to hear about, and yes, as a shareholder I would like to have heard about it, but its a minor hiccup.
Rambler didn't inform anyone that a stope had collapsed, it was mentioned at the AGM in response to a question raised by Cornish.
The path between here (where we are) and there (where we want to be) isn't a straight line and will be full of day to day challenges. The stope was merely one of them.
The market has over reacted to a badly worded RNS and I believe the BOD (who hold a damn site more shares than me) have taken it on board. They are not perfect, who is. But all of the original reasons for buying in still exist.
AIMHO. as always DYOR.