1. Last time I looked it was the Thai Government that shut the mine, not Kingsgate Management.
2. In the acquisition and disposal of mines you seem to overlook the reacquisition of the only gold mine in Thailand whilst the generals were still in power. How much would you say that mine is worth .... a billion dollars maybe?
3. Perhaps they did not foresee Thailand taking over the mine, not that there was anything they could do about it anyway, so that is hardly a fair criticism.
4. As for the pathetic deposit, you can give me a million dollars for nothing any time, remembering they retained an interest in the asset had the sale gone ahead. A vendor cannot guarantee that any sale will go ahead. This is the shimmering brilliance that only hindsight can give
5. The company managed to stay solvent during this time having extracted as much funding from the mine during the forced closure, through foresight increased the insurance securing 55 million US and causing Zurich to join the arbitration against Thailand, a brilliant move, caused by securing the best lawyers in the country. All this as Thailand tried to send them out backwards. As noted by Oldfolk who seems to see the wood from the trees. They minimised costs during this period as a good business manager would.
6. Did not secure funding in negotiations..... really? A negotiation is exactly that, not a process of dictation. They had the current Chief Justice of NSW acting for them Perhaps they should have secured WoodFr0mTrees instead as their negotiator, for a better result.
7. You seem to contend that the capital raise was caused by Taurus as if it had nothing to do with the Thai bureaucracy effectively preventing the gold mine from not opening for months. Was the capital raise merely coincidental with that delay? I doubt it.
8. I may be wrong in this, but wasn't it a condition of the exploration leases contingent that there be exploration? The money spent was minor in the scheme of things, but the grant of new leases for mining would require exploration in determining the order of which ore bod[es to mine first, but I will leave that to danbradster.
9. When the mine was operating it employed 1000 people. Who would you sack and how many and why?
10. NE not a good asset? I'll go with Gavan Thomas rather than WoodFr0mTrees if that's OK.
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