Couldn't agree more, having had a teenage son I know all about the emphasis on the good as a means of obscuring the bad. So when all I hear about is Cobar and Federation the first thing that springs to mind is what about the grand pivot to a primarily gold-producing company of two years ago with base metals as a supplement? Do they really think we are that stupid that the de facto change in strategy they are now trumpeting - not actually a strategy because it follows events rather than determines them - is not noticed?
To those who have just bought - good on you. Us LTH are not all bitter and twisted (well maybe a little bit!) and Federation does have huge potential. But that should not stop us pointing out that the leadership of this company is a beneficiary of the resources dropped into its lap, and definitely not an effective generator of wealth from its own efforts and expertise.
AMI Price at posting:
26.5¢ Sentiment: Sell Disclosure: Held
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