RE: Good RNS14 Jan 2021 09:00
What I see, is what is in front of me:
Terrible communication.
Delay upon delay.
No mention of progress on funding.
Cash balance due to placing.
Cobre not keeping the lights on despite an increase in sales which does not reflect the increase in global Magnetite pricing.
A blatant falsehood "a profitable producing mineral company".
"subject to finance" (but no update).
Now I agree this is quite negative. But we are paying Major company wages and bonuses, where we should be paying wages comparable with the size of the company and bonuses on results. We have 2x BoD whose focus is questionable given their roles in numerous companies, which infers a lack of faith in any one single project. Time after time the expectations of the RNS's do not meet reality and yet people invest on the information available. Every delay, every failure to deliver is recorded for all to see. It is like a slow Crucifixion, every nail hammered in reduces the chance of survival until the last nail seals the death and the Romans move on to the next cross. Investors watch this and switch off and I don't mean the LSE comments, that is just us "small fry", we are just the krill keeping the whales alive.
How will they polish it this time?