Completely wrong?
Fact: The current team had a nicely cashed up position when they took over, given the conversion and underwriting of EMGO. They had the cash to make operations happen.
Fact: Since the new team took over, numerous drilling programs have been completed (DD, RC as well as RAB) without a single gram of iron ore resource added to the EMG inventory.
Fact: I'm not angry, I'm just calling things as I see them. Performance is judged on achievements and if you could kindly point out any significant achievements of the current team I would be happy to revise my position.
This team has been unable to even secure the underwriting of the entitlement issue at 3c! Nobody in the entire financial world is interested in picking up a chunk of EMG stock at 3c despite an existing 560Mt iron ore resource.
Just think about that for one minute and consider the reasons why nobody will touch this placement.
almost over, page-16
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