GT may be all sorts of things but it doesn't mean he's right, it just means he believes he is. As it happened all resolutions passed despite the coup attempt so plenty of others dissagree with his views. shareholders have vented as they are entitled to and JB has responded well IMO.
Time to move on perhaps, change is happening but with the concentrate price still tumbling and no particular end in sight or forward price guidance, the Company is in no position to rush anything, or take unessessary risk, just get on the job of increasing recovery rates and throughput at the revenue producer we do have and look for the least dilutionary path for downstream activities. BL raised expectations in better times and JB has lowered them in less certain times.
Those anonymous posters who think they can run the company better haven't had the responsibility of having to actually do so.
The company has achieved a lot in the last three years but those were the easy years when the the relatively small spending required enabled self funding of the existing production facility and happened at a time of a parabolic move in concentrate prices, it becomes a lot more challenging now as the funding and risk requirements grow and reality returns to concentrate price. We are approaching the longterm price expectations our DFS was based on.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)