For the last year management has at least been consistent in their ability to disappoint.
Gems from the first target statement in response to the Cathay Takeover Offer 1 year ago:
"The Offer ($1.70) does not reflect the full value of the business"
"The Bidder overemphasises the risks associated with Discovery Metals"
"The Company has well developed plans to reduce operating costs"
Inept or misleading?
Ann: Blumont recapitalisation update , page-14
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