Mid-stream processing, page-90

i agree but it needs fo be remembered that BL was around at that time as well and was promoting in excess of 226,000tpa at one point.
Whatever happened its now history and the current CEO was left to break the news and at least he took the time to do a proper assessment of the sitution first and come out with a no frills update , not a fluff filled interim excuse that helps no one.
Nobody has come out smelling of roses but at lest its being addressed as it needs to be...in the perfect World all BOD's and management would make perfect decisions all the time and so would we ,but pigs would also fly and create other issues..

When Concentrate spot prices were up beyond $US6000t most got a bit ahead of themselves and that probably includes management, they are human and when raising funds as a non producer you don't paint a negative picture, nothing like $US1600t and a few concentrator issues to sober up..

They are damned if the do and damned if they don't anyway ...

Cheers Whisky