CRL 0.00% 2.0¢ comet resources limited

Ann: Quarterly Activities Report and Appendix 5B Dec 2022, page-24

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  1. 187 Posts.
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    You and Oscar are entirely off topic - the criticism in this thread is focused on the management of the company, not the resource. Nevertheless, you have never contributed any evidenced based analysis in support of Mt Margaret’s viability. Lets discuss that. Matt O’Kane can’t complete a simple acquisition, so what leads you to believe he’s capable of running this through to a profitable mine and overcoming an inflation-fueled CAPEX blowout? This deal was on the table 1.5+ years ago when 1. copper was worth a s*** load more than what it is today, and 2. operational costs were far lower. How is it viable in the current market - 1.5 years down the track. Where’s the feasibility and projected NPV and CAPEX?

    If you’re worried that a flurry of negative posts on hotcopper will kill a company, then you should be very worried indeed. You are a wishful investor who is certainly worried and clearly in denial about the company’s broken management. It is a shambolic embarrassment and deep down you know it - it has taken 1.5+ years to do a deal that most companies could have pulled over the line in a few months. Stop blaming investors/smart money, sideline your ego and take ownership of this mess we’re in.
    Last edited by Drambuie: 16/02/23
 
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