Definately agree and feel for all who have lost money in this little (ad)venture. From 10 years ago management has issued reports and info that stretched one's imagination to breaking point,and, for someone who (hyperthetically) knows well the local kaolin industry(?),the numbers simply do not add up. Has someone missed something:--proven reserves for only 12 months production: a distinct paucity of test results and specifications: trying to develop and "sell" products that would'nt have a snowball's chance in a kiln of being viable; and this is just a snapshot.
Experience has indicated that companies that refuse to listen to those with real input,ie, who just might fix the problem,and are kept out of the loop, generally are of the
"build it up ,milk it dry and flog it off" camp. Does'nt always work, eh?
As a matter of interest, what now happens to Gulf Alumina,who have a 50% JV with MSC to mine bauxite? They appear to be a genuine company but are dependant on MSC's leases and infrastucture. Check their website-good SKR pics.
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