We / I have counted our losses; it hurt! But what about the hurt caused by RED / Greenstone to their local workforce and community.
The local poeple are caught in the middle of big business; big egos; potential for big profits or losses.
It is likely some of these local people do not have a computer to even voice their opinions.
So the MGB speaks on the Pilipino peoples behalf; they decided how the mine should operate when the mine initially acquired a mining license; that is with 2 functional tailings dams.
The current management for reasons only known to themselves decided to ignore the MGB and the mine plan; in doing so they ignored their local workforce and shareholders.
Who has paid the ultimate price? Management has raised cash they are being paid; for example $400,000 wages to the new MD.
My heart goes out to the local Pilipino people who are caught in this fiasco that did not need to happen. They have suffered poorness, typhoons and now big business has promised a better life but they have been let down again.
These big business people are supposed experts; university degrees abundant; but somewhere along the line they forget their training, their goals in life and responsibilities to human values.
RED Price at posting:
8.7¢ Sentiment: None Disclosure: Not Held
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