RE: Twitter15 Nov 2023 09:36
Watcher - how long does it take to sort? Its a valid question but there isn't a definitive answer.
Lets take a little step back and reflect on some real basics in business and in particular change management - I think there are some some relevant cross overs with project management and the work being undertaken by the company.
I was taught on a high level that there are 3 basic variants (sometimes called the triple constraints) to most pieces of change - scope, time, cost and in the middle of the triangle you get quality. For cost you can obviously include resource. Each variant can have an impact on the other and its a trade off.
So to your question about time taken. Well first you have to consider scope and cost. Scope is predefined for producing accounts given the FCA requirements for a full listed company. Caracal is not a simple structure and it's activities and regulatory requirements are not confined to the UK - so the scope is significant and can't be reduced.
Turn to cost - we know that the company has been strapped for cash and is constantly juggling balls to ensure that production is ongoing (consumables and maintenance and unpredicted repairs) and all the ongoing fixed overheads and extraordinary legal and outside consultant costs associated with the development of mining plan and the ongoing finance negotiations - talk about spinning plates! In summary the calls on cash are many and various and are being met from production. Only so much can be allocated to audits - if money was no object you could employ a small army - that isn't the case.
So turning to time - that is the thing has has to give in this case - it's a feature of the scope and cost. It still needs doing and will be done but the company is running an incredibly lean team and balancing a vast array of priorities.
It's easy to sit on the side lines and say poor show - but as the idiom says - before you judge a man, walk a mile in his shoes...
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