MRX 0.00% 0.7¢ matrix metals limited

overpromising management

  1. 23 Posts.
    Once again the management of MRX have not been able to deliver the goods and actually do what they said they would do.

    I still think this mob have potentially a good project but when you consider the delays they have in getting back into production, the sellout by a major shareholder, the announcement that a BFS would be delivered in October followed by the announcement that it wouldn't be followed by the announcement that it would be in December followed by another delay... you just have to say crap management.

    Maybe these guys are good geologists but just maybe they are cr@p businessmen and project managers.

    If it was a political party they would be booted out at the next election for overpromising.

    Of course the share price dropped off 8% today and I would predict it might drop further. I hope I am wrong.

    Can MRX headhunt Michael Kiernan from CSM?

    Arexevan....Not Happy
 
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Currently unlisted public company.

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