With good management you can make a purse out of a sows ear.The...

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fitnfam

2,309 Posts.

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08/04/24

15:32

Post #: 73242164
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Originally posted by line of cobar: ↑

Noted thanks Stretguy. Whilst 20 cents is not exactly exuberence, I take your point. There is a lot of damage to be repaired.

I will reiterate that the company now is a very different organisation than it was in 2019. IMO, senior management and the Board is now both competent and invested in outcomes based on reputation and personal financial commitment.

Every drill hole with mineral endowment builds a picture of a long term operation that will be either a compelling takeover target or some sort of annuity income for shareholders.

Anyhow, not to put the cart before the horse or count chickens before they hatch. I hope we can have this conversation again in 2029 and regale in good times and cheer.

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With good management you can make a purse out of a sows ear.
The only thing I consider when I buy is the quality of management and their decisions to date.
Crap plant and business can be made to hum and make a good profit.
Perfect everything in business can be destroyed by an idiot or ego.
Like you roll on 2029
Although I think miraculous things will appear before then.
Listened to the AGM and heard a harmonious serious no bull crap commentary.
If you don't know where you are making your money your lost.
These guys are not time wasters and are not wasting time as far as finding costs reductions.
$100 a ton is a 20% cost reduction target.

Regards

AMI Price at posting: 17.3¢ Sentiment: Buy Disclosure: Held
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