RE: Not many buys....11 Dec 2018 10:54
Biggy, you are right, it could turn around but Rufus has issued two RNSs in the last three trading days. On both occasions he has had the opportunity to update on any or all of the following
Technology installed, commissioned and increasing output?
Output levels in relation to the suggested 10,000 tonnes a month?
Funds received $700,000?
24 hour operation?
Digger loader bought?
Additional on site truck bought?
Additional spares package now on site?
New coal fields opened up?
Helping with mining operations for unnamed company?
Coal contracts?
Revenue, they gave us revenue figures in the interim results, so they can update?
Do they have the revenue to pay the Lind back in cash?
Ask yourself why Rufus hasn't given an operational update?
Ask yourself why he didnt use either of the last two RNSs to update the market on output?
The last published monthly coal output figures stated up to 4000 tonnes a month, and we have contracts for 8000 tonnes a month. You do the math.
I'm a realist, when it's good I'll push this higher with positive sentiment, when I feel I'm being asked to grab my ankles then I let people know. Right now Rufus is taking a salary and delivering what?