RE: Information24 Oct 2024 20:04
From the RNS 31/7/24
'Results from this geotechnical work are expected to be available at the end of September. DRA Global is then expected to provide a detailed timeline and begin the DFS finalisation program of work'.
So nearly a month after when the results were 'expected' we have no idea if they were delivered. The timeline was to be 'detailed' which would leave little room for obfuscation, extension or BS.
So, has a deadline been missed? Depends on your definition of a deadline but certainly an expectation (bearing in mind this was a further 2 months on from the previous deadline). Or, take GM's view that only the management were to be given information and us shareholders were to be treated with disdain and ignored - great look that one!
Reality is that we are still not being given any real information or hope of a DFS 'BEGINNING' let alone being completed and actual progress, spades in the ground, contracts, etc occurring. Unlike Skelly I am a shareholder and I am peed off with KC and the BOD and the failure to deliver in any tangible sense other than a big drop in SP.
Big disclaimer - I should have sold for a decent profit at £1. I will buy more soon as the SP ought to be near the bottom but don't try to con anyone that 'everything is fine, on target and going to make us rich' any time soon. Silence is NOT golden. Decent PR and proper shareholder communication is vital.