When the current management dubiously took over in late 2014, unceremoniously ousting the very MD who had saved the company from insolvency, LP stated he knew nothing about rare earths, and he hastily sacked everyone, disposed of all the company's valuable rare earth projects and activities, including mining licence, mine plans, JV negotiations, and processing technology that the previous management had accumulated, and which at the time was one of the three leading rare earth companies outside of China.
After 6 years of zero successes, depletion of the record cash the previous management had saved to allocated to its rare earth plans, and an all time low share price, to turn full circle has to be seen by any impartial observer as unfitness, or at best an inability to plan.
CML Price at posting:
1.5¢ Sentiment: Sell Disclosure: Not Held
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