NMT 3.03% 6.4¢ neometals ltd

fustration, page-5

  1. 13,252 Posts.
    Dan forgive me if I am not on track here but they state they are going to continue to build reserves will further drilling and exploration in greenfield and brownfield sites to prove up reserves. To gain more feed ore to increase production, now the way you have put it it seems you think it is wrong to plow back profits to increase mine life and feed in ore sites.
    Where I see it as a growth step that a company can self fund drilling to do this to increase viability and extend mine life and therefore increase profits to holders. While dividends are nice I think there should be a balance where holders expect increased exploration and maybe a small return once they reach objectives.
    I think it's good for a company to put profits back in to growing a company and to have a business plan so that the maximum production is gained and to have other projects coming on line as others tail off all this cost money but in growing a company it is needed. As for back end staff backend staff are a cost burden but with the growth of regulations such as health and safety, training HR and the policies that make a company a good corporate citizen they have to be there. It will be an interesting time coming up but if you have fault with rdr would rather see it layed out properly, rather than what sounds like a bit of sour grapes. As always no company is perfect and all have fault but unless you put your prose in valid form it will probably dismissed as just downramper who has been bitten by previous management.
 
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