DRM 0.00% 33.0¢ demetallica limited

Ann: 2016 Full Year Results Summary and Investor Update-DRM.AX, page-126

  1. 9,423 Posts.
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    The problems they have with Deflector and how they resolve them will prove the worth or otherwise of management.

    One could reasonably argue these problems were foreseeable because that is the very nature of the business they are in. We're not talking about preparing bouillabaise here, or mixing liquid drum 'n bass. It's mining and they're geologists. So what do you mean they were surprised by processing problems at Deflector resulting in production guidance errors for the whole company? If they are that unprofessional, let's dump them.

    We haveno choice in this anyway, and let's give management the benefit of the doubt, but let's assume the problems at Deflector were a genuine surprise. How they resolve them, including the timing and the cost, will be a test oftheir worth.

    Management promised strong growth, now is their chance to live up to their word.

    And yes Barolobill, a bunch of wide, high-grade, near-surface intercepts of gold ore from exploration drilling in coming weeks will help calm restless holders.
 
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