Hopefully someone from the company scans Hot Copper posts and lets management know how this plebeian is feeling.
When things go well, people should/will be praised. When things go the other way, they should be accountable.
I have too much money invested to cut and run. The fundamentals are sound - the company is being poorly managed with some very bad decisions. Paying $200 million for Dargues is possibly the worst decision I have seen in the mining business for a couple of years. As every day passes, it looks sillier. Imagine the number of choices of entire mining companies valued at $200 million they had across Australia - let alone funding the organic growth from Federation / Great Cobar. Capital management initiatives through share buybacks could have put a floor price on the share value and reined in the vast number of shares on offer.
This is going poorly and management have gone to ground. The geologists will have to pull them from the muck again. Luckily Cobar is so forgiving - not sure about Braidwood.
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