RE: Sp17 May 2018 00:01
I think saying dishonest is almost liable, what exactly are you accusing someone of??
The issue with Cobre is about a 50% client, NOT Cobre, there is still money coming in just in all honesty probably about 25% of what was coming in for the last 9 months, it may get sorted (i think it will), if not there will likely be about $200k left from the held money as guarantee. It will mean a new client will be sort or costs will be reduced to improve profitability.
I'm aware of the timescales for LC, the dilution was beyond their control, people can make guesses about where their SP and base what they feel would be a better deal only for the SP to go south.
One could say thinking all businesses have a smooth activity/transaction path is a nieve, when it comes to business people do let you down from time to time and this could be one of those times....
oh, and try and be a little less confrontational in your posts, i dont agree with a lot of what you say but I wouldnt call it rubbish, its just your opinion and mine. I have my money where my mouth is thats for sure.