Disappointing...14 Oct 2016 10:23
The silence and lack of any clear direction or credible plan is frustrating.
We were clearly misled in the UC takeover, as despite several delays, we were never told the truth regarding UC's Eskom contract being a deal breaker. I fully understand that the sensible thing was to back out on UC failure to secure the Eskom Contract - but feel we should have been made aware earlier that it was critical to the outcome of the deal.
We were told that the water licence appeal was anticipated, and moves were already in place to resolve it - but again silence with no update to the current situation which is now dragging on.
We have subsequently been told we are seeking a cash generating acquisition, by end of October (?) (cant remember where I read that), but here we are at mid October and still nothing but silence.
I have been here with a substantial investment, and watched and held as days turn into weeks, turn into months, turn into years.
With a rising coal price, and extensive valuable assets, we need to be producing, or at least have a credible plan.
My faith in David Brown, together with my patience is being severely tested.
News please......