NTL 0.00% 2.1¢ new talisman gold mines limited

Ann: Same Class Equity Offer (Share Purchase Plan), page-134

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  1. 311 Posts.
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    The thing is - we know the announcement is coming out. The fact is; it's been delayed time and time again. Sure delays happen, although a company who's primary role is mining and gold should know well about the ins and outs of their business - particularly the time it takes to review the modules.

    The company should have accounted for this fact and instead if misleading investors about the release time of the module reviews (that they've done three times - 1. They implied it would be complete by July 31, 2. They advised it would take 10 additional days to review the documents, 3. They again advised an additional two weeks, 4. They are late again.

    Sure, we get it - they have a company to run; although all this shows is lack of foreplanning and foresight. If a company struggles with self imposed deadlines on reviews how do you expect them to follow up on other more tangible deadlines; or stick to what they say? that's the point. It's not about the quick buck, it's the principal.

    if you go to your lawyers or another service, and they give you a deadline - you expect to receive it by then and generally you do. So why do we expect any different here?
 
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