RED 0.00% 34.5¢ red 5 limited

red trading, page-51

  1. 2,012 Posts.
    Like ive been saying cash, management is where the problems begins and end.

    They should hand back their pay increase from the last AGM. Thats why i never voted in giving them a increase until they can deliver on the producing of gold and the mine actually up and running.

    Also voted no on the consolidation and for those who thought Management idea was a good one. Then where are all the North American funds they talked about wanting on board?

    They should sack themselves for the comedy of errors on getting the mine up and running. To tells us the original ore was too pudgy to handle at the transfer point is a joke. How would they not have known what they were dealing with before even building the plant and the ore left over from previous mining and all the rain?

    Month ago we were told transfer points needed minor modification and nearly a month later no news update and the minor problem must still exist.

    Going on two months overdue now, after the original April pour was missed, and Greg is onsite full time, and no one thought about being in a wet environment, how the ore will transfer on the mill conveyor or the feed into sag mill with soft ore?

    Did they build the plant, thinking the pit would be dry all years in a place that had record rail fall last year alone?

    No wonder updates are few and far between. The embarrassment levels must be extremely difficult to hide to the other gold mining companies close by and to their peers around the world.
 
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