We did.... along with the nuggety mature of the lease etc. etc.
With this in mind (and disclosed) the company needed to be a lot sharper with the sequencing and mood of announcements. The SP collapsed becasue the Directors expressed (for a time) a lack of confidence in their own play. Were they just being honest or did they not understand the nature of this field and its' so called jewellery boxes which must be good enough (and often are) to pay for the lower grade stuff in between.
They needed to know more about Mako before deciding to proceed with the mine or to terminate the project. The latest results put Mako on the green side of the line but if they hadn't been so good the camels back would have broken in any case. Would it have thus been unethical to wait for the current results before changing anything?
I don't understand and being 75% down I'm equally unhappy. All we can hope for now is a LT money back outcome.
cheers
CGT Price at posting:
10.5¢ Sentiment: None Disclosure: Held
