RNS5 Jul 2017 08:52
They need to tell us what the "expected timetable" for re-admission is, this is all too open-ended. How much will they need to raise if this date is not met, and by when?
They delayed the RTO document to allow more production time at Mowana, so they said. Now the delay threatens their very existence as Alecto! Its either very bad management or something worse. With such poor information and such a down-beat commentary in the RNS then the concerns grow.
If you are reading this Mark, then I understand the NOMAD sets requirements on what can be said but we need much more information and a positive action plan for how the company is to move forward and existing shareholders interests protected.