RE: So the SP is now 0.11518 Dec 2020 09:56
Sleeven
I agree as many of my posts have previously said we have a way to go yet the one below to MIB a week or so ago, is I believe the realistic position we are in :-
“MIB
Like you I am massively down on paper, but in terms of MM I am prepared even now to give him the benefit of the doubt, setting up a mining company from scratch through all of the various stages through to production and hopefully eventually profitability usually takes at least ten years, doing so with the added problems caused by a pandemic in the very year when we would have hoped to move into at least break even is a nightmare.
We have had many false dawns, we’ve faced many obstacles along the way, some of the issues were without doubt MM’s responsibility, some were not, but what he has done is to keep us in business and now (we all hope) we are finally at long long last, moving forward with production to the point where hopefully the Q4 figures will let us all see a little bit of light at the end of the very long tunnel, and if as I hope and suspect, we manage to achieve break even (in terms of our income equaling our outgoings) by mid 2021, and achieve a small level of profitability by the end of 2021, he will have moved from the feasibility stage of a mine to profitability in ten years, and I will be happy.”