ABR 0.00% $2.65 american pacific borates limited

I'm not downgrading, I'm making some valid points. Can't you see...

  1. 934 Posts.
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    I'm not downgrading, I'm making some valid points. Can't you see what's gone on. A perfect plan for shareholders, has been chucked out, that is conservative with no risk, except two months of negative cash flow, replaced with a big project with high debt, high dilution, trust us we can sell all production. I would hate to have teething problems with a 500m project, then a 30m. 500m and have 100m blow out, kills the share price. 6m overrun, isn't a big deal small production will not effect selling prices, big project will destroy selling prices, the market can't absorb that much at same time. Its like the corporates have taken over, and the shareholder led plan is no good now, the corporates don't make enough money from it
 
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Currently unlisted public company.

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