HIO 0.00% 2.1¢ hawsons iron ltd

Management Stuffed Up, page-11

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    Question 7
    Did the Board routinely receive progress reports on the 20mTPA BFS? At the time of making the current 'pause', what percentage complete was this BFS?

    Question 8
    What was the date for completion of the 20mTPA BFS most recently provided to the Board before the decision to defer/change the scope of the BFS?

    You are right on the money there zilliqua - unfortunately!

    To me the above are glaringly obvious questions that must be answered. It goes to fundamental project management... Project management 101 if you like.
    Based on the abrupt bail out of the 20Mtpa, how much has been spent so far and how far towards completion did we get for that amount spent.
    Management offered to answer questions from the top 50 and assuredus to answer emailed questions from other holders so in clarifying what when where how we could ask I put the above Q to Bryan in a phonecall. His reply was "i do not think we can answer that." I was staggered. They do not know where they are with the 20Mtpa BFS project?I asked the above question by way of email anyway, and have asked again for the AGM.

    If they do not know they are fools. If they do (and imv they do) and they are refusing to say they are ... well you decide!

    There are many possibilities here and not being able to get anywhere near the BFS targets by the due date is but one.


 
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