Must Admit I was a little disappointed upon 1st reading - had expected a bit more, however, it is still the 4th largest and although that is a Dud according to some Dud posters, doesn't it have, by very definition, to be 'world class'?
An increase to 130 - 150 M t would make it no maiden handicap indeed.
Nothing, I had thought, would move the SP until Nicanda Hill and now it seems that will be in concert with Charmers and Black Hills.
When those results start to trickle in the price will move and eventually more strongly than many believe as there is so much pressure within.
It has been disappointing to read the posts of a few over the past days as they have been so relentless and full of vitriolic arrogance.
My philosophy - 'never argue with an idiot, others my not be able to tell the difference'!
With respect to the competence of our MD, I take immediate issue with comments of detractors,
Under the ASX rules of continuous disclosure and trading halt guidelines, I believe he acted on behalf of shareholders as he was deemed to do.
To put it simply - if a listed entity becomes aware of information that a 'reasonable' person would expect to have a material effect on the price or value of its securities, but is not in a position to make an immediate announcement, then a trading halt would be advised.
There is a very strong argument that the announcement today would have had a material effect upon the SP - no doubt about that - but, of course it went the wrong way!
In any event the announcement had a material effect.
The Company was correct in calling the TH, even although I amongst many others though it was not necessary.
It, from The Company's position, no doubt, is your damned if you do and your damned if you don't.
Criticisms of BB have been, in the main, one liners.
Pray, give us some detail of your reasoning and your respective experience and qualification to make such judgement.
Do you really think the three new Directors would have aligned themselves with an incompetent?
Wisdom, unfortunately, mainly comes with experience.
It may be better to gain more experience before raising anonymous pistols against a man who cannot speak on this forum?
The real irony is that once Nicanda Hill starts performing then BB will be hailed as brilliant.
Don't forget he secured the deal in the first place!,
What a great post SJB and thanks to Mozmet for the relentless defense from the mindless onslaught over the past few days.. and others..
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