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Ann: BEYONDIE UPDATE - PROCESS DESIGN VALIDATED, page-29

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sevo

7,080 Posts.

526

31/05/22

15:28

Post #: 61731091

Originally posted by TerribleTadpole: ↑
SO4: Salt Lake Potash.

The differences between that one and this one are summarised as:
SO4 KLL
1 Management didn't know what they were doing Management do know what they're doing
2 Therefore didn't realise they had no chance of delivering to their timeline Realised very quickly when they were in trouble
3 Kept announcing progress when there was none Owned up to the the problems
4 Thought that doubling down on determination could influence reality Developed a plan to solve the problems that accommodated reality
5 Only stopped when the creditors and ASIC stepped in and stopped it Have a good chance of succeeding if they can get through a twelve-month long cash deficit

That pretty much covers it, doesn't it?
Expand
I’m not sure management did know much more than peers at SO4. They now know that managing the brine is far harder than they thought and that flotation for SOP is a potential nightmare.

KLL Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held

4 Upvote

0 Great analysis

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Ann: BEYONDIE UPDATE - PROCESS DESIGN VALIDATED, page-29

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	SO4	KLL
1	Management didn't know what they were doing	Management do know what they're doing
2	Therefore didn't realise they had no chance of delivering to their timeline	Realised very quickly when they were in trouble
3	Kept announcing progress when there was none	Owned up to the the problems
4	Thought that doubling down on determination could influence reality	Developed a plan to solve the problems that accommodated reality
5	Only stopped when the creditors and ASIC stepped in and stopped it	Have a good chance of succeeding if they can get through a twelve-month long cash deficit

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Ann: BEYONDIE UPDATE - PROCESS DESIGN VALIDATED, page-29

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