Management don't seem very bright. Firstly you would have to be a gullible individual to believe that you could build a mining operation in Tanzania in 7 to 9 months. Secondly you'd have to be short sighted to not foresee the reputational damage of getting the construction schedule so wrong. Stirer's proffered excuse of the CRDB debacle and the pandemic being to blame are rubbish. The pandemic started nearly four years ago and management foolishly didn't allow for it. CRDB's decision to insist on cash backing speaks volumes on what they thought of management.
Dec 8th., page-48
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