You said that the worst thing the old board did was discover gas and didn't know what to do with it.
My answer to that is that in business they lacked the necessary skills to market and execute the project properly.
If done so with proper proceedures in place you wouldn't be where you are now, JV infighting, litigation, design problems with the plant, unnecessary expenditure and a cash shortage. What else could you add to this list.???
2 biggest projects, construction of the plant and Wannamal 3D, both handled by them and somehow their tendering process was flawed as both had massive blowouts. The 3D blowout alone of what was it, $2M +, is the ERM cash input needed to facilitate ongoings or could have paid the plant repairs or the RG1 perforation done.
How and why could a tendered 3D blow out that much and we were never told and only came up in the forensic audit it seems.????
Wrong people for the wrong job is all that it adds up to. Their ego and gungho attitude killed EGO from its true potential.
EGO Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
