AAR 8.70% 10.5¢ astral resources nl

any comments , page-24

  1. 1,262 Posts.
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    Reichman

    a well balanced response to Buddy's post, I totally agree.

    Buddy , what I would add is that the flipside of the coin is:

    1. when they move on a project they do it very well (Mandilla)
    2. they don't rush into developing a project before they have all the ducks in a row (KP would have blown up with the low Zn prices, and now we have a mixed copper zinc play that is much better understood.
    3. JJ has a good track record in building value (TRY)

    Let's not forget all the other hopefulls that have fallen over because they rushed into developing mines without fully understanding what they were getting into and not understanding the importance of go to market timing.

    However there is of course no doubt that the management's communication with its owners (us) is pathetic!

    EE.
 
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