The CEO told us-
- new SP highs (at 2020 AGM) (not new SP lows LOL!)
- FULL STEAM AHEAD
- SCREAMING BUY
- super super super BULLISH
- FTM was a game changer (exact opposite)
- GS discovery was a game changer (paltry 6kt only at 4.1% grade)
- 31 offtake bidders, DD completed, data room completed, 2 offtake tenders with 60 page contracts
- SIGNIFICANT DEBT offered with pencils sharpened at higher payability rates
- the OFFTAKE was being "finalised in months" (at 2020 AGM over 32 months ago)
- early mining restart,, assays SECRET, didnt tell us about the staff camp moves nor the HR engagements
- kept SECRET the open pit dewatering at the 3 x CR dirt cheap
- he is school mates with Trafigura boss and PAN deal signed with Trafigura
- BFS was robust economics showing $333M profit over 4 years with NP at 11.00 ( before the 14% grade upgrade)
- BFS showed AISC at 4.90 (now should be 4.30) with NP at 9.50 thats a MASSIVE margin still
- TB was crap
I asked last year is PH a trojan horse for BMM AFAF or a cheap suitor.
Since he took over the SP has gone lows not SP highs as he claimed.
He has been the harbinger of DELAYS STALLING CRAP & reinventing the wheel.
I stated if DS were CEO he would have been producing since 2022 already and making a motza now with AISC around 4.00 & fully funded by AF his buddy who hired him imho.
DS did a better cheaper job in restarting LJ in 2015 imho.
INSTEAD AF turned on him embarrassed PH sold down at worst time and capped the stock forcing cheap CR and
His statements have been consistently incorrect and contrary to the reality.
Now we all expect a cheap
@rse CR yet again at lows as market has expected.
3 years of this dogs breakfast and I think we have all had enough including Padley AF BMM.
Time for some fresh cheaper engineers who can actually restart a prior producing mine and not cost so much.
Time for DHDH PH DLF all to leave and return the old crew here & return AF to his old stomping ground or get fresh or even the old blood like DS RD CI Rodrigues back in.
The buck stops at the top. He has been crap from day 1. AF must have known.
SACK the CEO !
(20min delay)