HAHAHHHAHAAHAAAHAAAA!!! I predicted a couple of months back... sales = 8.6M, costs 12M, owing 13M and cash of 1.5M. It's ended up 4.4 / 8.6 / 12.6 and 1.3 respectively.
When are the fanboys of this stock going to wake up and smell the reality?! Less than 1Q of funding left with a massive balloon payment looming in 2 months. SMH.
David Power should be fired as a GM; absolute garbage performance. Who is taking responsibility for this??? Every single announcement that gets made is more and more doom and gloom. I heard from a supplier to site that the met team has slowly been "retiring" people over the last couple of months as they probably saw the writing on the wall.
Get ready for one of two things- 1 - Capital raise. How many times do you put your hand in your pocket before people realise its a joke? 2 - Another demise of Cobar Consolidated / Black Oak proportion.
I would say GLTAH but luck won't keep this company alive much longer. Need an angel investor to go in and fire the dead wood and make this company viable again. Lets hope they aren't too proud to do it and do it quickly.
