Sure it bothers me that the JORC has been delayed but what really irritates me is when management fail to keep shareholders informed of developments or lack thereof.
At this stage there are 2 business days left in February so if management don't believe the JORC will be ready for February they should release an announcement to that effect. Easy to draft and lodge and keeps shareholders in the loop of what's going on internally within the organisation. We are the owners after all. Would they prefer a thousand phone calls asking the same question?!
The recent 'High Grade Haematite Discovery' announcement was a Red Herring in my opinion to mitigate market concerns over the delay to the JORC and Oakajee.
I'll be watching management's conduct very closely over the coming month.
I'd rather invest in a miner with a smaller resource and good management than one with a large resource managed by complacent individuals. May explain why we can't attract a cornerstone investor.
Not having a dig (yet!), just setting a reasonable standard.
Management?!
PDY Price at posting:
2.9¢ Sentiment: LT Buy Disclosure: Held
