Was cleaning my room. Noticed the ASX announcement mailed out to us from 28 June 2013 to spruik the company when all deflector fell to bits and it became evident now we were going after iron ore.
The second 'highlights' bullet point:
Advanced negotiations underway with local iron producer on DSO shipments.
Third 'highlight' bullet point:
Potential to receive cash flow within next "6 to 8 months"
Pretty sure I don't have to say much and you will all understand where I'm coming from. Glad in hindsight I go out of more at 3.7 a week or two back, looking back at this announcement, time goes way too fast, but you realise just how much useless, time wasting, non-value adding work the company has done since June 2013.
Where has the updates been since? What happened to these advanced negotiations? Oh, I can fill in the blanks - nothing? Cash flow in 6-8 months? It's been 6 months, at this rate will there even be someone secured/lined up in a yr?
GLTAH, hoping for light at the end of the tunnel but I think it's time to start weighing up your situations and whether taking back 3c is better than 1 or 2 cents which at the rate this is going is possible.
Disappointed, and I hope the directors do read hot copper and realise the angst and money they've lost of many good people. Hopefully it keeps them up at night.
MYG Price at posting:
3.1¢ Sentiment: None Disclosure: Held
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