The lack of proper communication dumbfounds me.
What is the expected liability for the contractor?
What were the production figures/tonnage cost for April, May and June?
What is the current cash position?
Surely care and maintenance would have been a better option. Or maybe the larger shareholders have finally had enough of Lewins and the salary gougers.
Shareholders need a good bounce in metal price. However we don't know if April, May or June were profitable/efficient months - that is the real robbery for shareholders. Was Smokey a hole in the ground or was it going to turn the corner?
I phoned Acorn Capital. The main analyst is away at the moment (not taking small fry's calls). They must be the most upset about this situation - they entered late and have been severely burned.
Has anyone else spoken to other shareholders, management, the receiver or heard anything else?
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