Thanks for the write up @dazdog. Your time is appreciated. However, I disagree with you that management have learnt from their mistake of over promising and under delivering…
FLC announced on 30 Jan 2018 that “strong momentum building in China with several opportunities in advanced stages of negotiation that are anticipated to be finalised after Chinese New Year and into Q2 2018.”
Chinese New Year period finished over three weeks ago.
FLC has not announced any of these SEVERAL opportunities being secured.
So… we either sign some of these SEVERAL opportunities very soon OR management are repeating their practice of over promising and under delivering.
The SP decline is reflective of market sentiment and IMO this is chiefly because of over promising and under delivering from management.
Operations Update, page-18
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