RE: The worst board on AIM12 Aug 2024 15:17
14.06 Spikeyj, thats a hell of a lot of speculation, good luck with that theory, and if proved right im gonna follow you, in all future investments. With regard to it costing more to mine than realised value, i think you will find that cost of investment to mine, does actually outweigh first production value, but it does not mean ad infinitum, as moving forward, capital cost i.e infastructure and equipment , are no longer a major part of costings, hence realised value becomes greater and nett profit is achieved. Unless you are telling us that no matter what it cost to dig out, it will always not be viable, in which case why bother. If you are a Board director and your aim is to make money, why continue with a Loss making operation. Please do not try to tell me , its just to maintain a " Lifestyle" at investors cost. Any decent accountant would advise directors, when figures dont stack up, and it would be the first port of call for any would be buyer. Its one hell of an illusion that people try to project on here, fooling a lot of big names who have involved their reputations, in being part of a Sale Process, that yes so far to date has failed to deliver, but i for one believe it will, when, is in the hands of current directors, i couldn't possibly speculate.