RED 4.82% 39.5¢ red 5 limited

chartist, page-24

  1. 1,327 Posts.
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    Good post loki01,
    Iam an a mechanical engineer, with PHd, however that does not Mean i have not had my hands dirty. I was a fitter and turner for 16 years.
    I apply my knowledge of mechanical engineering, every calculations is verified, there is no room for mistakes otherwise your design gets sued If you design something that says your design will deliver X amount then the client has every reason to say what the hell, your design does not work, I want my money back or compensation.

    I have been a non destructive test engineer, I have visited PT newmont mine in Indonesia, i saw 4 x ball mills and 2 x sag mills all in poor condition. I see a brand new plant at red, the ball mill is not even run in yet due to lack of work.

    No my argument is with the company ASX announcement of gold produced at 350oz. As stated above, if you say something, you sell your shares for that value of your statement then you must deliver. If however your ASX announcement is false then it is gander amount to fraud. No the company has made several statements of one of the lowest cost gold producers, people have invested on this statement on good faith. As stated above if I designed something that did not work as I said then I would be sued, no questions asked.

    In my mind, if you make a statement then you must deliver, otherwise your statement is false, I.E. market fraud.


 
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