RE: PSA contract review complete3 Jun 2019 21:17
Drewky, the Phoenix article, which I posted, did not rubbish Aminex or imply that it’s assets we’re worthless (I have just reread it). It has covered Aminex 5 times, I think, since I became interested and in all but one - the article last June - it was extremely positive and encouraging of investing.
Last June it was very critical of what it regarded as mismanagement and failure to advance shareholders’ interests; this was a sentiment shared by serious contributors to this board at the time and since. It may that they, and others, were unaware - or insufficiently aware - of the Tanzanian government’s responsibility for the delays but nobody was advancing that as a justification at the time, that I recall.
Personally, while the article contained some factual errors as has been pointed out, I don’t think it was far out on the substance.
True, they might and should have addressed the incompetence issue this time rather than simply ignoring what they wrote a year ago.
Why the positivity now? I don’t know but perhaps they’re like me who despite being equally pissed of with the management last June has bought almost 2m since right down to 90p last week. For me those two positions are perfectly compatible. And, I’m not arguing that your position must therefore be wrong.