SBL 0.00% 0.1¢ signature metals limited

announcement will be out next week, page-17

  1. 120 Posts.
    Let's presume they haven't got it right and it will take "a few months" to get it right.

    Do you realise that SBL would almost certainly have to go back to the market for yet another capital raising? What do you think will happen to the share price after the debacle of the last capital raising and still no cash flow in the mean time?

    As for Bill saying he is not going to give a running commentary, an update every 6 weeks, say, is NOT a running commentary. It is actually Bill's FIDUCIARY DUTY. CEO's don't get to determine what is a market sensitive announcement, the nature of the event is what should determine that. We shouldn't be left hanging on every word of a poster who called the companies secretary to get the slightest clue what the hell is going on with this company. We should have already been told MORE THAN ONCE why first pour has been delayed from the original January (or was it even end of Q4 2010) yet we will do not know even one reason for the continuing delays. In my opinion a very strong case can be made that that represents outright dereliction of duty by SBL management.

    For some reason I'm still hanging on for now but I for one am exceedingly unimpressd with Bill's efforts as CEO in the last year...
 
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