Hey All
Good result but I think market perceived more as the resource upgrade took almost 3 years and yet only 40% increase. This company is not favoured by investment bankers and others as the management is very conservative, but having said so, does this mean that the management have powers not to disclose what people should actually know, in other words Are they not being honest? I think the last quaterly or someone in AGM did say "expect conservative estimate". This type of approach was aadopted by Dioro exploration and look at what happened in the end.
I am holding LT as I see value in company but somewhere in my mind I am not convinced that we are being told the truth and I hope this conservative approach will give way to more open approach once the management is confident. As conservative approach is a sign of nerves and I think management should now open up and be ready to challenege the big players. They have what it takes, they only need to change their approach.
Above are just my sentiments as i have been holding this for quite some time now.
Mast
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